Workers at Thai Son SP SP Co. Garment Factory Endeavor Production for International Customers, in Thu DUC, Ho Chi Minh, Vietnam, on June 21, 2025.
Daniel King Anadolu Gety pictures
Global attention to Vietnam turned on Thursday, after US President Donald Trump announced a trade agreement with Hanoi a few days before the mutual tariff in Washington has been completely returned.
under dealThe United States will apply a 20 % duty to Vietnamese imports – less severe Trump’s Trump rate imposed by 46 % in early April. American imports to Vietnam will not undergo definitions.
Trump also said that Vietnam agreed to a 40 % duty on any products that originally came from another country, but it was sent to Vietnam for the final shipping to China, USA It is said It has repeatedly relied on this practice, known as Transshipping, to avoid commercial barriers.
Vietnam is one of the few countries that concluded a commercial deal with the White House, while the watch flows in the 90 -day Tram’s Tram. I have left many countries wondering how the future of its commercial relationship with the world’s largest economy.
“What we learned from the Vietnam deal, if anything, the customs tariff will rise from here, not,” Sebastian Ridler, head of the European stock strategy at Bofa, told CNBC.
More deals in the emerging market in the future?
Economists and strategists in City said in a memorandum on Thursday that the deal may be a cause of concern for other emerging market economies such as Vietnam.
“In a row, we believe that there is more than EM Asia to worry more than the gains if this deal reflects what will happen soon,” they noticed.
While the development removes uncertainty and suggests the emergence of other agreements in the coming days, the rate of tariffs by 20 % higher than the goods tax is 10 % expected, according to City experts. They add that the average of 40 % separated on the charged goods indicates that other countries may also need to agree to such a duty.
The observation said: “Thailand, followed by Malaysia, may be more likely than its peers than EM Asia (regardless of Vietnam). It was not expected on the market that a separate and more punitive tariff on the goods that were transported.
“In addition, there may be a sparkle of other exporters who have created factories in Vietnam in the past years,” for example, Korea, for example.
What can the deal mean for Europe
While the Vietnam-United States deal indicates that more deals are moving forward in other Asian countries, this does not necessarily mean that the same applies to the European Union.
“The Vietnamese authorities were clear about their intention to negotiate with the United States, even before mutual ads in April,” she said, adding that the same thing was true for other regional economies such as Indonesia and Malaysia.
“In comparison with these economies, the issue with the European Union has not always been a smooth sailing and the United States was more public in its criticism of the European Union at different times in the past few months,” said Vencatisuran.
Commercial negotiations between the European Union and the United States were difficult and slow in evolution, with sources CNBC tells that naked “political” dealing with small initial details may be the best hope for the European Union at this stage. Analysts and economists have also expressed uncertainty about the possibility of a commercial agreement, given major attached points such as organizing large technology, taxes, and large -scale world views.
Trump called for definitions Up to 50 % In the European Union, while the mass threatened with large -scale anti -scales, which were also stopped until next week.
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