Trump’s Vietnam Deal Stokes Asia Concern as Trade Deadline Looms

Vietnam’s trade deal with the US is a wake-up call for Asian governments grappling with the reality that higher tariffs are here to stay.

US President Donald Trump announced a 20% tariff on imports from Vietnam, and a 40% rate for goods transshipped through the country — a move mostly targeted at curbing Vietnam’s trade with China. In return, Vietnam is slashing import taxes on US goods to zero.