The United States will maintain a 20% tariff on Vietnam, within the framework of a mutually beneficial, fair, and balanced trade agreement with Vietnam

ChainCatcher news, according to Jinshi news, the White House stated that the United States and Vietnam have announced a framework for a mutually beneficial, fair, and balanced trade agreement. The United States will maintain a 20% tariff on Vietnam. The United States will determine products and potential tariff adjustment plans to provide friendly partners with zero-tariff reciprocal treatment.

Both sides will constructively cooperate to address non-tariff barrier issues. They will seek to reach an agreement in the coming weeks.

Meanwhile, the Malaysian Ministry of Foreign Affairs stated that Malaysia and the United States will elevate their bilateral relationship to a comprehensive strategic partnership.