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11% changed to 20%, US media reports that Vietnam has not agreed to the tariff rate announced by Trump.
Jin10 data reported on July 11, Vietnam initially believed it had reached a preliminary protocol with the United States that would significantly drop tariff levels. However, at the last moment, Trump raised the rates. As a result, the Vietnamese government has not formally accepted the key parts of the protocol that Trump claimed last week on social media, even though Trump asserted that these terms had been agreed upon by Vietnamese leaders. According to Trump's post on July 2, the U.S. will impose a 20% tariff on goods exported from Vietnam, with rates as high as 40% for those involving "transshipment." In exchange, Vietnam will open its market to the U.S. This caused a stir in Vietnam, as their negotiating representatives had not actually agreed to the 20% rate. Four informed sources revealed that they believed the tariff rate would be around 11%. Trump ignored this figure during a phone call with Vietnamese leaders and instead announced that the U.S. would impose nearly double the originally expected tariffs. This even shocked the U.S. lobbyists who advocate for cooperation between the two countries. "Trump caught everyone off guard," one lobbyist said. So far, neither the White House nor Vietnam has released any documents indicating that the final protocol includes these tariff rates, and no formal protocol has been signed by either side.