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U.S. and Vietnam Finalize Trade Deal Framework with Tariff Adjustments
U.S. and Vietnam Finalize Trade Deal Framework with Tariff Adjustments
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BTCCSquare news:
The United States and Vietnam have agreed on a framework for reciprocal trade, maintaining a 20% tariff on most products while identifying items for potential zero-duty access. The deal aims to balance trade relations, with Vietnam recording a $123 billion surplus with the U.S. last year.
Non-tariff barriers are under review, including streamlined approvals for U.S. pharmaceuticals and recognition of American vehicle safety standards. The agreement promises unprecedented market access for exporters from both nations once finalized.
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