By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Scoopico
  • Home
  • U.S.
  • Politics
  • Sports
  • True Crime
  • Entertainment
  • Life
  • Money
  • Tech
  • Travel
Reading: What the U.S.-Vietnam commerce deal tells us about the way forward for tariffs
Share
Font ResizerAa
ScoopicoScoopico
Search

Search

  • Home
  • U.S.
  • Politics
  • Sports
  • True Crime
  • Entertainment
  • Life
  • Money
  • Tech
  • Travel

Latest Stories

Diogo Jota, Liverpool F.C. soccer participant killed in automobile crash in Spain together with brother, police say
Diogo Jota, Liverpool F.C. soccer participant killed in automobile crash in Spain together with brother, police say
Trump’s Center East Classes for Ending the Russia-Ukraine Warfare
Trump’s Center East Classes for Ending the Russia-Ukraine Warfare
Diogo Jota Useless at 28 in Automotive Crash Weeks After Wedding ceremony
Diogo Jota Useless at 28 in Automotive Crash Weeks After Wedding ceremony
Jobs report June 2025
Jobs report June 2025
The GOP megabill handed the Senate. Who within the Home will save us?
The GOP megabill handed the Senate. Who within the Home will save us?
Have an existing account? Sign In
Follow US
  • Contact Us
  • Privacy Policy
  • Terms of Service
2025 Copyright © Scoopico. All rights reserved
What the U.S.-Vietnam commerce deal tells us about the way forward for tariffs
News

What the U.S.-Vietnam commerce deal tells us about the way forward for tariffs

Scoopico
Last updated: July 3, 2025 11:42 am
Scoopico
Published: July 3, 2025
Share
SHARE


Contents
Extra rising market offers forward?What the deal may imply for Europe

Staff at a Thai Son S.P. Co. garment manufacturing facility endeavor to supply merchandise for international shoppers, in Thu Duc, Ho Chi Minh, Vietnam, on June 21, 2025.

Daniel Ceng | Anadolu | Getty Pictures

International consideration turned to Vietnam on Thursday, after U.S. President Donald Trump introduced a commerce take care of Hanoi simply days earlier than Washington’s reciprocal tariffs come again in full pressure.

Underneath the settlement, the U.S. will apply a 20% obligation on Vietnamese imports — sharply under the 46% charge Trump had imposed in early April. U.S. imports to Vietnam will in the meantime not be topic to tariffs.

Trump additionally mentioned that Vietnam had agreed to a 40% obligation on any merchandise that initially got here from one other nation, however have been despatched to Vietnam for last cargo to the U.S. China has reportedly repeatedly relied on this observe, often called transshipping, to keep away from commerce limitations.

Trump says U.S. struck commerce take care of Vietnam that imposes 20% tariff on its imports

Vietnam is likely one of the few international locations that has struck a commerce take care of the White Home, whereas the clock ticks down on Trump’s 90-day short-term reprieve. Many countries have been left questioning how the way forward for their commerce relationship with the world’s largest financial system may form up.

“What we discovered from the Vietnam deal is, if something, the tariffs are going to go up from right here, not down,” Sebastian Raedler, head of European fairness technique at BofA, advised CNBC’s “Europe Early Version” on Thursday.

Extra rising market offers forward?

The deal could possibly be trigger for concern for different rising market economies like Vietnam, economists and strategists at Citi mentioned in a word Thursday.

“On steadiness, we consider there’s extra for EM Asia to fret about than anticipate beneficial properties if this deal displays what’s to come back quickly,” they famous.

Whereas the event removes uncertainty and suggests different agreements may emerge within the coming days, the 20% tariff charge is greater than the anticipated 10% levy on items, in keeping with Citi’s consultants. They add that the separate 40% charge on transshipped items suggests different international locations can also have to conform to such an obligation.

Tariffs will be even higher after July 9 — the market is not pricing that: BofA's Raedler

“Thailand adopted by Malaysia could be extra uncovered than different EM Asia friends (other than Vietnam). A separate and extra punitive tariff on transshipped items was least anticipated by the market,” the word mentioned.

“Moreover, there could also be spillovers to different exporters which have arrange factories in Vietnam in previous years,” for instance Korea, it added.

What the deal may imply for Europe

Whereas the Vietnam-U.S. deal suggests extra offers probably lie forward for different Asian international locations, it doesn’t essentially imply that the identical is true for the European Union, Lavanya Venkateswaran, senior ASEAN economist at OCBC Financial institution, advised CNBC.

The EU and US flags flutter next to the military hub for Ukraine, in Jasionka, south-east Poland on March 6, 2025.
These are the sticking factors holding up a U.S.-EU commerce deal

“The Vietnamese authorities have been clear about their intent to barter with the US, even earlier than the reciprocal bulletins have been made in April,” she mentioned by electronic mail, including that the identical was true for different regional economies like Indonesia and Malaysia.

“In comparison with these economies, the case with [the] EU has not all the time been clean crusing and the US has been extra public in its criticism of the EU at completely different instances prior to now few months,” Venkateswaran mentioned.

The EU and US flags flutter next to the military hub for Ukraine, in Jasionka, south-east Poland on March 6, 2025.
A bare-bones deal is Europe’s greatest hope in commerce talks with the U.S., sources say

Commerce negotiations between the EU and U.S. have been difficult and gradual to develop, with sources telling CNBC {that a} bare-bones “political” take care of scant preliminary particulars often is the the EU’s greatest hope at this level. Analysts and economists have additionally expressed uncertainty in regards to the probability of a commerce settlement, given key sticking factors like huge tech regulation, taxation, and broadly mismatched world views.

Trump has referred to as for tariffs as excessive as 50% on the EU, whereas the bloc has threatened wide-ranging countermeasures, which have additionally been paused till subsequent week.

France's Socialists' file no-confidence measure after pensions talks crumble
7/1: CBS Night Information Plus
Israeli UN ambassador says U.S. acted with ‘unbelievable bravery and morality’
Iranian diaspora expresses heartbreak and hope as uncertainty looms amid battle
Ukraine slams Putin's 'disdain' for peace course of after he says 'complete of Ukraine' belongs to Russia
Share This Article
Facebook Email Print

POPULAR

Diogo Jota, Liverpool F.C. soccer participant killed in automobile crash in Spain together with brother, police say
U.S.

Diogo Jota, Liverpool F.C. soccer participant killed in automobile crash in Spain together with brother, police say

Trump’s Center East Classes for Ending the Russia-Ukraine Warfare
Politics

Trump’s Center East Classes for Ending the Russia-Ukraine Warfare

Diogo Jota Useless at 28 in Automotive Crash Weeks After Wedding ceremony
Entertainment

Diogo Jota Useless at 28 in Automotive Crash Weeks After Wedding ceremony

Jobs report June 2025
News

Jobs report June 2025

The GOP megabill handed the Senate. Who within the Home will save us?
Opinion

The GOP megabill handed the Senate. Who within the Home will save us?

Which Lively Gamers Can Realistically Attain 3K Strikeouts After Clayton Kershaw?
Sports

Which Lively Gamers Can Realistically Attain 3K Strikeouts After Clayton Kershaw?

Scoopico

Stay ahead with Scoopico — your source for breaking news, bold opinions, trending culture, and sharp reporting across politics, tech, entertainment, and more. No fluff. Just the scoop.

  • Home
  • U.S.
  • Politics
  • Sports
  • True Crime
  • Entertainment
  • Life
  • Money
  • Tech
  • Travel
  • Contact Us
  • Privacy Policy
  • Terms of Service

2025 Copyright © Scoopico. All rights reserved

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?