<ul data-eligibleForWebStory="false"><li>President Trump announced a new trade agreement with Vietnam, imposing a 20% tariff on Vietnamese imports to the United States and granting zero tariffs access for U.S. products to Vietnam’s markets.</li><li>Vietnam agreed to a 40% tariff on goods transshipped through Vietnam from countries like China to the U.S., aiming to prevent transshipment practices that evade trade barriers.</li><li>The specifics of which products will be affected by the tariffs and criteria for different tariff rates based on components remain ambiguous.</li><li>The deal incentivizes companies like Apple to ensure more independent production in Vietnam, potentially reducing reliance on Chinese components, and signals a move toward diversifying supply chains outside of China.</li></ul>

President Trump announces Vietnam trade deal; 20% tariff on Vietnam, 0% on U.S.

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