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Trump Announces Vietnam Trade Deal with 20% Tariffs, Boosting Markets and Apparel Stocks

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Source: Axios
Trump Announces Vietnam Trade Deal with 20% Tariffs, Boosting Markets and Apparel Stocks
Photo: Axios
TL;DR

President Trump announced a new trade deal with Vietnam that includes a 20% tariff on Vietnamese exports and a promise of zero tariffs on US exports to Vietnam, aiming to address trade imbalances and circumvent Chinese tariffs, with Vietnam facing a potential 46% reciprocal tariff previously.

Topics:business#business#exports#tariffs#trade-deal#us-trade-deficit#vietnam
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  1. Trump says U.S. strikes trade deal with Vietnam  Axios
  2. Trump announces Vietnam trade deal, 20% tariff on its imports to U.S.  CNBC
  3. Stock market today: Nasdaq pops, leading Dow and S&P 500 higher amid Vietnam trade deal, weak jobs data  Yahoo Finance
  4. Trump Says the U.S. Has a Deal With Vietnam. Tariffs Start at 20%.  Barron's
  5. Nike, Lululemon Jump on Trump’s Vietnam Trade Deal  Bloomberg

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