11% changed to 20%, US media reports that Vietnam has not agreed to the tariff rate announced by Trump.

robot
Abstract generation in progress

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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)