Following Britain, Vietnam has reached a trade agreement with the United States. US President Donald Trump announced the trade agreement with Vietnam on July 2, with tax rates higher than expected by the outside world. US media reports indicated that Vietnam originally thought it had reached a preliminary agreement with the United States for significantly reduced tariffs, only to have Trump raise the tax rates at the last moment. This US-Vietnam trade agreement is viewed as America's "baseline" for tariff negotiations in Asia, and is expected to potentially impose higher tariffs on Asian countries. The details are worth reading carefully to understand how the US wants to reshape supply chains. Subsequently, the United States threatened to impose higher tariffs on more than ten Asian countries including South Korea, Japan and India.
