Vietnam catches a break as Trump more than halves tariffs, though the plan is short on details
The blueprint from the South-east Asian country could set the stage for US trade deals with other Asean nations, say analysts
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[HO CHI MINH CITY] Vietnam may have scored a win.
A new trade deal announced by US President Donald Trump on Wednesday (Jul 2) highlights warmer ties and potentially better terms for the South-east Asian nation, which has positioned itself as a cooperative partner amid rising trade tensions.
But the actual details and their impact will depend on further clarity and how the US handles the tariffs on the other countries in the region. For now, Vietnam appears to have dodged the worst, as the earlier proposed tariff of 46 per cent has been trimmed to 20 per cent – still considered steep, but clearly a step down.
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