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Benzinga
Benzinga
Business
Rishabh Mishra

Trump's Vietnam Trade Deal With 40% Tax On Transshipments May Result In Chinese Backlash, Say Economists: '...They Want Inflation'

Vietnam Donald Trump Inflation Brian Krassenstein Peter Schiff United States
Donald Trump

President Donald Trump has announced a trade deal with Vietnam that imposes a 20% tariff on Vietnamese exports to the U.S. and a 40% tariff on goods transshipped through Vietnam, particularly targeting Chinese products rerouted to avoid U.S. tariffs.

What Happened: In exchange, Vietnam will grant the U.S. tariff-free access to its domestic markets. Trump hailed the agreement on Truth Social as a "Great Deal of Cooperation," highlighting the potential for U.S.-made SUVs to penetrate Vietnam's auto market.

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