US, Vietnam Move Closer to Trade Framework as Deadline Nears
The US and Vietnam are closing in on a framework trade agreement, despite ongoing concerns about Chinese goods being rerouted through the Southeast Asian nation to avoid tariffs, according to people familiar with the talks.
Negotiations have progressed, with Vietnam seeking to secure tariffs in the range of 20% to 25%, said the people, who asked not to be identified as the discussions are private and nothing is finalized. President Donald Trump in April imposed a 46% tariff on Vietnam, then paused elevated rates, temporarily setting a 10% duty on Hanoi and other trading partners to allow time for talks.
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