Washington/Hanoi (Reuters)-US President Donald Trump said on Wednesday that the United States had concluded a trade agreement with Vietnam, after months of negotiations, which requires a 20% customs duties on many imports from the Southeast Asian country.
This percentage is lower than the rate of 46% that Donald Trump announced in April on goods from Vietnam, largely due to the important trade surplus of this country with Washington.
“I have the great honor of announcing that I have just concluded a trade agreement with the Socialist Republic of Vietnam after having maintained myself with To Lam, the highly respected secretary general of the Vietnamese Communist Party,” said Donald Trump on Truth Social.
The American president said that goods from Vietnam would be subject to customs duties of 20% and that any transhipment from third countries would be the subject of a 40% tax.
Vietnam would also offer the United States better access to its market, American exports to this country being subject to any customs rights.
“I am of the opinion that the SUV (…), which is so successful in the United States, will be an excellent addition to the different ranges of products available in Vietnam,” said Donald Trump.
The White House and the Vietnamese Commerce Ministry did not immediately respond to a comment request.
(Written by Trevor Hunnicutt, Khanh Vu, Phuong Nguyen, David Lawder, Bhargav Acharya and Ryan Patrick Jones; Mara Vîlcu for the , edited by Tangi Salaün)
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