CHINESE manufacturers in Vietnam say they are relieved that Washington and Hanoi agreed a 'better than expected' trade deal that will reduce US tariffs to 20 per cent, reports Hong Kong's South China Morning Post.
Most chinese exporters are likely to continue operating in the Southeast Asian nation in the wake of the agreement, with firms viewing the final tariff rate as manageable.
US President Donald Trump announced on social media that the United States would impose a 20 per cent tariff on imports from Vietnam - plus a 40 per cent duty on goods deemed to be transshipped - under a new trade agreement, calling it 'a great deal of cooperation between our two countries'.
The new rate is significantly lower than the 46 per cent tariff on Vietnamese goods that US imposed in April, before suspending it for 90 days.
SeaNews Turkey
Most chinese exporters are likely to continue operating in the Southeast Asian nation in the wake of the agreement, with firms viewing the final tariff rate as manageable.
US President Donald Trump announced on social media that the United States would impose a 20 per cent tariff on imports from Vietnam - plus a 40 per cent duty on goods deemed to be transshipped - under a new trade agreement, calling it 'a great deal of cooperation between our two countries'.
The new rate is significantly lower than the 46 per cent tariff on Vietnamese goods that US imposed in April, before suspending it for 90 days.
SeaNews Turkey
