U. S. -Vietnam Trade Deal: A New Chapter in Global Trade Wars
In a surprising move, the U. S. and Vietnam struck a trade deal just before the U. S. was set to reinstate full tariffs. The agreement cuts the duty on Vietnamese imports to the U. S. from 46% to 20%. Vietnam, in return, agreed to impose a 40% tariff on goods that come from other countries but are shipped through Vietnam to the U. S. This practice, known as transship...