US tariff deal provides relief for Vietnam, and a sting in the tail for China
Vietnam had been one of the biggest winners of the first iteration of US President Donald Trump's trade war.
BANGKOK – Given the vagaries of the Trump administration, Vietnamese Prime Minister Pham Minh Chinh displayed considerable confidence on June 25 when he anticipated striking a trade deal with the United States.
'I hope that you will see that the result will come earlier than two weeks,' he said, speaking on a panel at the 'Summer Davos' in Tianjin , before the pause on 46 per cent 'reciprocal' tariffs was due to lapse on July 9.
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