Trump announces Vietnam’s commercial deal, 20 % tariffs for imports

president Donald Trump He said on Wednesday that the United States had struck a commerce Dealing with Vietnam This includes a 20 % tariff in the imports of a country in Southeast Asia to the United States

Trump advertisement Ali Social truth He said that the deal will provide free access to customs tariffs to Vietnam markets.

Vietnam also agreed that the goods will strike at a 40 % tariff rate if it grew in another country and they were transferred to Vietnam for the final shipping to the United States.

The process, known as Transstipping, is used to circumvent commercial barriers. China, the Supreme Source of the United States, has It is said Vietnam is used as a transportation center.

Trump wrote that Vietnam will pay 20 % in this duty, but the customs tariffs are taxes on foreign goods paid by importers of these products.

The agreement was revealed less than a week before the end of the 90 -day stoppage on many mutual tariffs called Trump, which led to the end of our duties on imports from dozens of countries that rise.

Under this protective commercial plan, Vietnamese imports of the United States were subject to a 46 % blanket tariff. This rate was reduced to 10 % during a 90 -day period. Raising the tariff on Vietnamese goods to 20 % will lead to increased costs of importers, which can be transferred to consumers or suppliers.

the S & P 500 However, he raised slightly on the news of the commercial deal.

Read Trump’s full post:

It was not clear from the Trump post when the deal became in effect, or if it was officially signed by the two parties.

Trump has indicated that he might ignore or review the next deadline for his mutual definitions up. A 90 -day pause was imposed, which reduced definitions on almost all other countries to a 10 % blanket, in early April to give countries breathing while negotiating deals with the United States

As the deadline approaches, the Trump administration has preceded it, but it had a revised action frameworks with China and the United Kingdom, although it has repeatedly said that the United States is close to deals with many other countries.

Vietnam, which was reported to the United States consisting of 30 % of gross domestic product Last year, it is especially transverse to Trump’s definitions.

Critics of the irreplaceable tariff policies warn that the duties create economic uncertainty and will lead to high prices of consumers in the United States. The Trump administration and its defenders contradict that the customs tariff does not cause inflation and noted that the president’s duties brought billions of dollars to the US government.

CNBC pricing model was found this month by Alixpartners, retail consulting collection 10 % US tariff for Vietnamese goods It would cause an increase in the price of the imported men’s jacket by about 8 %. The group found that Trump by 46 % Trump’s tariff initially slapped Vietnam, the price of this same jacket would rise approximately 35 %.

US Federal Reserve Chairman Jerome Powell He said on Tuesday that officials expect the traces of Trump’s tariff to appear more during the summer months.

Prices on some items, including clothes and shoes, are already as a result of tariffs, CNBC He has I mentioned.

Some analysts believe Lack of a widespread effect On the prices of the United States so far is the result of storing companies before the conflict by companies, as well as the time it takes to this tariff in the economy.

– Courtney Reagan of CNBC contributed to this report.