Trump signs ‘big’ trade deal with Vietnam

US President Donald Trump announced that he has signed a trade agreement with Vietnam. He wrote about this on the social network Truth Social on Wednesday, July 2. “It is a great honor to announce that I have just signed a trade agreement with the Socialist Republic of Vietnam after speaking with To Lam, the highly respected General Secretary of the Communist Party of Vietnam. This will be a great agreement for cooperation between our two countries,” Trump said. According to the American president, the agreement provides that Vietnam will pay the United States a 20% tariff on all goods entering the country and a 40% tariff on any transshipment. At the same time, Vietnam must provide the United States with full access to its markets. ...