With less than a week to go before the U.S.-imposed July 9 deadline for new trade deals, U.S. President Donald Trump unveiled a new trade deal with Vietnam, a country that has rapidly become one of the largest exporters to the U.S.
On Wednesday, Trump announced on Truth Social, his social media platform, that the U.S. will impose a 20% tariff on Vietnamese exports to the U.S. Goods deemed to have been transshipped through Vietnam will get a 40% levy.
