您现在的位置是:Fxscam News > Exchange Brokers
Trump announces tariff deal with Vietnam, imposing 20%+ on exports while US grants duty
Fxscam News2025-07-22 13:10:51【Exchange Brokers】1人已围观
简介Does China prohibit foreign exchange trading?,The latest exchange rate of US dollars and RMB,Trump Announces Trade Agreement with VietnamOn July 2 local time, U.S. President Trump announced on
Trump Announces Trade Agreement with Vietnam
On July 2 local time,Does China prohibit foreign exchange trading? U.S. President Trump announced on the social platform Truth Social that the U.S. has reached a trade agreement with Vietnam. The agreement stipulates that goods exported from Vietnam to the U.S. will be subject to a tariff of at least 20%, aimed at reducing the growing trade deficit between the two countries.
According to the agreement, for so-called "re-exported" goods (products originating from other countries and transshipped through Vietnam), the U.S. will impose a higher tariff of 40% to prevent other countries from bypassing U.S. trade restrictions. Trump also stated that U.S. exports to Vietnam will not be subject to any tariffs, calling Vietnam "completely open to the U.S. market."
Vietnam Becomes a Major U.S. Trade Partner
According to U.S. Census Bureau data, Vietnam has become the U.S.'s 10th largest trade partner and 7th largest import source, with Vietnam's exports to the U.S. totaling over $130 billion in 2023. Vietnam's prominent role in the garment manufacturing sector has made it a key supplier for well-known American brands such as Nike and Lululemon.
This agreement marks the second agreement the U.S. has reached with a trading partner since Trump's announcement of reciprocal tariffs in April, the first being a trade arrangement with the UK. Previously, Vietnam had been subject to reciprocal tariff rates as high as 46%, which have now been uniformly adjusted to 20%, with re-exported goods subject to 40% tariffs.
U.S. Continues to Press on Trade Negotiation Deadlines
In April, Trump proposed imposing reciprocal tariffs on almost all trade partners, with rates determined by the size of the trade deficit with the U.S., temporarily setting them at 10%, with a deadline of July 9. As the deadline approaches, U.S. trade negotiations with several countries have stalled, and Trump has stated he will not consider extending the grace period, planning to directly send tariff notice letters to trade partners to inform them of the rates.
Trump specifically mentioned Japan, stating that Japan would face "30%, 35%, or whatever rate the U.S. decides," and questioned the possibility of reaching an agreement with Japan. He noted, "I doubt we can reach an agreement with Japan; they are very tough and spoiled."
EU Seeks Tariff Exemptions in Key Areas
Meanwhile, the EU has expressed willingness to accept a uniform 10% tariff on most exports to the U.S. but hopes to obtain exemptions in key areas such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft to avoid further harm to Europe's high-tech industries and key economic sectors.
Currently, the U.S. levies a 25% tariff on EU cars and parts, and a 50% tariff on steel and aluminum. If negotiations break down, the U.S. could impose higher tariffs on most EU goods, escalating trade tensions between the U.S. and Europe.
Global Trade Situations Remain Uncertain
Analysts point out that Trump's announcement of the agreement with Vietnam marks progress in the U.S.'s tariff negotiation strategy but also highlights greater uncertainty in the global trade situation. Amid accelerated adjustments in the global supply chain, tariff policy directions will have a profound impact on Southeast Asian manufacturing and the U.S.-Europe trade landscape.
Investors and companies need to closely monitor the outcomes of the U.S.'s negotiations with major trade partners around July 9 to assess possible tariff changes and their effects on supply chains, costs, and global market trends.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
很赞哦!(32717)
相关文章
- Market Insights: Jan 25th, 2024
- With $5.8 billion in options contracts nearing expiration, can Bitcoin hold its key levels?
- The latest list of scam cryptocurrency exchanges exposed.
- In May, Japan's real wages encountered the largest decline in nearly two years.
- HCapitalForex Trading Platform Review: High Risk (Scam)
- California sues Trump, Tesla is downgraded.
- The latest list of scam cryptocurrency exchanges exposed.
- Major Milestone! 11 Bitcoin Spot ETFs Approved for Listing!
- QCG Brokers Review: High Risk (Suspected Fraud)
- SoftBank's $6.5 billion acquisition of Ampere faces a deeper investigation by the FTC.
热门文章
站长推荐
Surveys indicate that house prices in the UK will fall by 4% in 2023.
Oil prices rise, boosted by US
The price of gold is surging, approaching the target of $3,500.
UK consumer confidence rose in June, but Middle East tensions and energy costs cloud the outlook
A Strong Rebound! Initial Success of China's Real Estate Stimulus Measures
Oil prices drop as US plans to restart Iran nuclear talks, easing Middle East tensions
Trump announces tariff deal with Vietnam, imposing 20%+ on exports while US grants duty
Binance to Compensate Users Impacted by AEUR Trading Suspension