Summary: President Trump announced a trade deal with Vietnam, imposing a 20% tariff on Vietnamese exports to the US and a 40% tariff on goods deemed transshipped through the country. Vietnam agreed to drop all levies on US imports. The deal aims to boost US exports, particularly SUVs, and addresses concerns about trade fraud and transshipment of Chinese products.

Link: https://www.theedgesingapore.com/news/global-economy/trump-announces-vietnam-trade-deal-20-import-tariff