Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Vietnam agrees to minimum 20% tariff; US goes duty-free – Times of India – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > World News > Vietnam agrees to minimum 20% tariff; US goes duty-free – Times of India – Delhi News Daily
World News

Vietnam agrees to minimum 20% tariff; US goes duty-free – Times of India – Delhi News Daily

delhinewsdaily
Last updated: July 3, 2025 12:29 am
delhinewsdaily
Share
SHARE


Vietnam agrees to minimum 20% tariff; US goes duty-free

WASHINGTON: President Donald Trump announced a trade deal with Vietnam Wednesday that would allow US goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy. On his Truth Social platform, Trump declared the pact “a Great Deal of Cooperation between our two Countries”.In a govt statement, Vietnam confirmed that negotiating teams had come to an agreement to address the reciprocal tariff issue, but did not detail any tariff terms. Trump “affirmed that the US will significantly reduce reciprocal taxes for many Vietnamese export goods and will continue to cooperate with Vietnam in resolving difficulties affecting bilateral trade relations, especially in areas prioritized by both sides,” the statement said.In April, Trump announced a 46% tax on Vietnamese imports – one of his so-called reciprocal tariffs targeting dozens of countries with which the United States runs trade deficits.Trump promptly suspended the reciprocal tariffs for 90 days to allow for negotiations like the one with Vietnam. The pause expires Tuesday, but so far the Trump administration has reached a trade agreement with only one of those countries – the United Kingdom. (Trump has also reached a “framework” agreement with China in a separate trade dispute.)The United States last year ran a $122 billion trade deficit with Vietnam. That was the third-biggest US trade gap – the difference between the goods and services it buys from other countries and those it sells them – behind the ones with China and Mexico.In addition to the 20% tariffs, Trump said the US would impose a 40% tax on “transshipping” – goods from another country that stop in Vietnam on their way to the United States. Washington complains that Chinese goods have been dodging higher US tariffs by transiting through Vietnam. In May, Vietnam approved a $1.5 billion project by the Trump Organisation and a local partner to build a massive golf resort complex near its capital Hanoi, covering an area roughly the size of 336 football fields.





Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article News18 Samik Bhattacharya Elected As Next BJP West Bengal President Ahead Of 2026 Polls – Delhi News Daily
Next Article EXCLUSIVE | David Gower on Shubman Gill, Jasprit Bumrah and India’s England tour – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Zohran Mamdani under fire over past ‘defund the NYPD’ remarks; shifts stance after visiting fallen NYC officer’s family; old posts resurface online – Times of India – Delhi News Daily
  • Australia is significantly falling behind in global AI race, warns billionaire Scott Farquhar | World News – Times of India – Delhi News Daily
  • Trump’s deal with Pakistan raises a big question: Does India’s arch-rival really have large oil reserves? Here’s what we know – Delhi News Daily
  • Midtown Manhattan shooting: Fundraisers for Didarul Islam’s family cross $250k; NYPD mourns father-of-two killed on duty – Times of India – Delhi News Daily
  • Shubman Gill press conference: Defends Gautam Gambhir, lashes out at curator; on India Playing XI – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

World News

Health alert in Florida: ‘Flesh-eating bacteria’ kills 4; Vibrio vulnificus infections rise in coastal waters – The Times of India – Delhi News Daily

Representative Image (AI-generated) A dangerous flesh-eating bacteria known as Vibrio vulnificus has killed four people in Florida so far this…

5 Min Read

Meet Scott Bessent – the gay banker who beat up Elon Musk – Times of India – Delhi News Daily

The White House witnessed two rare phenomenon this year- an openly gay Republican taking charge of the US treasury department…

5 Min Read
World News

Japan PM hangs on after election debacle – Times of India – Delhi News Daily

Japan PM Shigeru Ishiba (Image: AP) TOKYO: Japanese Prime Minister Shigeru Ishiba was clinging on Monday even after his coalition…

7 Min Read
World News

‘My bones are strong, I’m feeling good’: Joe Biden in first public speech after cancer diagnosis – Times of India – Delhi News Daily

Joe Biden says he will 'beat' his cancer Former US President Joe Biden on Friday gave his first public speech…

5 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?