Vietnam Still Finalizing Trade Deal Already Announced by Trump

Vietnam said negotiators are still working to finalize the details of the trade deal announced by US President Donald Trump, providing little clarity to businesses and investors beyond the tariff rates disclosed so far.

Trump said Wednesday the two sides agreed a deal that will see the US impose a 20% tariff on Vietnamese exports, with a 40% levy on any goods deemed to be transshipped through the country. Vietnam had agreed to drop all levies on US imports, he said.