With Less than a week to go before July imposed the deadline for new trades, US President Donald Trump presented a new trade job with Vietnam, a land that quickly became one of the largest Exporters in the USA
Trump announced the truth of Social on Wednesday, his social media platform, will imposed on 20% of tariffs in Vietnamese exports to American goods that he is carried through Vietnam will receive 40% Levi through Vietnam.
In return, Trump claimed that Vietnam would drop all tariffs on American goods and “open his market to the United States”, pointing to American SUVs as “wonderful addition” Vietnamese roads.
Vietnam’s VN reference value climbed 0.5%, from 1:00 a.m. east. Actions of American companies with the main decention in Vietnam Rose. Nike rose 4%, while Apple jumped by 2.2%.
Vietnamese State Media reports It is in the center, general Secretary of the Communist Party Party Party and the leading country, talked to the drone on Wednesday to discuss tariff negotiations. According to the report, the US will “significantly reduce reciprocal tariffs on many Vietnamese imports,” and that the trump is “highly appreciated” Vietnam’s promise to approach the preferred market access to American Robbies, including large engine vehicles. Thus, allegedly allegedly called on Washington to raise export restrictions on a certain high-tech goods.
The agreement makes Vietnam one of several governments that reached the Washington Agreement from 2 April, or “Oslobođenja Day”. Trump has reached an agreement with the UK early May and reached a troublemaker with Beijing last week.
However, the details of the United States Trade Agreement are blurry. “Interpretation of transhipment is unclear,” the DBS bank was written in research remarks.
The transhipment refers to the practice in which the goods are moved from one vessel before shipped to the final destination. However, Trump administration also accuses Vietnam that sought for Chinese goods to avoid tariffs.
An illegal transhipment usually involves a change in the certificate of the origin of the new country, without adding significant value.
Vietnam turned Key production of hubs For global supply chains. Apple, Nintendo and other electronics producers moved the final assembly of their products in Vietnam, how to avoid American tariffs in China and diversify their supply chains.
These components often come from Chinese suppliers, but Vietnam-based producers add value through the final assembly, before goods are delivered in the United States
“I doubt the terms still develop. This is likely to be more frames,” says Deborah Elms, Hinrich Foundation Head of Trade Policies.
The details of the agreement can also be transferred between the Trump announcement and when the contract is formalized by the executive order. This process could last week: the United States and the United Kingdom announced their job at the beginning of May, which was not formalized by mid-June.
“The details will be extremely important”, alerts for Elms. “Depending on the product and production process, the rate could be lower or much higher, up to 40%. The uncertainty is set to continue for a while.”
A significant increase in American SUV purchases can also be a high order of Vietnamese consumers. The average The monthly income of the Vietnamese worker is about $ 320, significantly less than the average American worker.
The biggest purchases in Vietnam were computers and electronic products and machinery and instruments, according to Vietnam Government. The country probably introduced this goods to support electronics production.
The 20% tariff is less heavy than the rate of 46%, which was first proposed at the beginning of April. However, there are still ramps in a third of the trade between the United States and Vietnam. It was also doubled 10% tariff rates imposed by all imports.
Vietnam is largely exposed with the United States, with 30% of its exports on the forehead there, according to DBS.
The DBS predicts a possible short-lived meeting in Vietnamese exchanges from GDP in the second quarter, which suggests the government’s vice president in the second quarter to be strong 7.6% excessive years. “However, the bracelet for the signs of economic slowdown should be exported forward-loading of the spread,” Bank warns.
