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Mint
04-07-2025
- Business
- Mint
Vietnam's raw trade deal with the US isn't good news
Next Story Mint Editorial Board The US-Vietnam trade deal looks lopsided against the smaller country. This says something about Trump's approach that should make other US trade partners worry. The raw deal that Vietnam seems to have been lumped with has been met with dismay among observers expecting greater tariff symmetry. Gift this article For Vietnam, its latest trade deal with the US is a bitter-sweet outcome. While the country has managed to escape a 46% tariff that US President Donald Trump had threatened to impose on 'Liberation Day" this April, its US-bound exports will still face a 20% duty. For Vietnam, its latest trade deal with the US is a bitter-sweet outcome. While the country has managed to escape a 46% tariff that US President Donald Trump had threatened to impose on 'Liberation Day" this April, its US-bound exports will still face a 20% duty. Also Read: Open-book test: The art of dealing with Trump the deal-maker If cargo sent from Vietnam happens to be a trans-shipment of merchandise made elsewhere, then that tariff barrier would rise to 40%. This is a device to stop exporters from using its ports to game the US-set matrix of tariffs that vary from one country to another based on a puzzling formula. Meanwhile, under the deal, US exporters will get 'total access" to Vietnam's markets, as Trump said in a social media post. Also Read: Trump's tariffs: Turfed out but raring to return This has been interpreted to mean that Hanoi will impose no import duties on American goods. This is woefully lopsided against Vietnam. But then, given its dependence on exports, a breakdown of trade with the US would probably have been a worse outcome. The raw deal that Vietnam seems to have been lumped with has been met with dismay among observers expecting greater tariff symmetry. Clearly, no US trade partner can lower its guard while negotiating with it. That goes for India too. Topics You May Be Interested In Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Mint
13-06-2025
- Business
- Mint
KSEAB SSLC 2 Supply Results 2025 OUT! Check Karnataka Class 10 supplementary marks memo at karresults.nic.in
KSEAB SSLC 2 Supply Results 2025 OUT! Check Karnataka Class 10 supplementary marks memo at KSEAB SSLC 2 Supply Results 2025 OUT! Check Karnataka Class 10 supplementary marks memo at Fareha Naaz Mint Image KSEAB SSLC 2 Supply Results 2025 OUT! Check Karnataka Class 10 supplementary marks memo at More details awaited…. Catch all the Education News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News. Education Business News KSEAB SSLC 2 Supply Results 2025 OUT! Check Karnataka Class 10 supplementary marks memo at More Less Story Url has been added to your clipboard
Mint
28-04-2025
- Business
- Mint
Pakistan is caught in a time warp
{{^loggedIn}} {{/loggedIn}} {{#loggedIn}} {{/loggedIn}} Next Story Mint Editorial Board Voices from across the border make it clear that Pakistan's power establishment is stuck in the past. It must quit hoary obsessions and turn to the future. A stopwatch is ticking on this endeavour. Pakistan's power establishment has amped up its rhetoric, as evident in a speech by its army chief Asim Munir shortly before the terror attack in Pahalgam, Kashmir. Gift this article It's a matter of deep dismay that Pakistan's power establishment has amped up its rhetoric on not just the hollow 'two-nation theory" but also on an equally flaky analogy of governance from the early days of Islamic history. This was evident in a speech by its army chief Asim Munir shortly before the terror attack in Pahalgam, Kashmir. It's a matter of deep dismay that Pakistan's power establishment has amped up its rhetoric on not just the hollow 'two-nation theory" but also on an equally flaky analogy of governance from the early days of Islamic history. This was evident in a speech by its army chief Asim Munir shortly before the terror attack in Pahalgam, Kashmir. Also Read: Mint Quick Edit | India can gain Indus leverage over Pakistan While India contemplates retaliatory action, with the Indus Waters Treaty already held in abeyance as a sort of Damocles guillotine over Pakistan's future water supply, the dynamics of the two neighbours' testy relationship inspire little hope that high-profile punitive measures alone will be able to make Islamabad abandon its delusions of religious purpose. Also Read: Kashmir simmers but Pakistan's game has no winners To make headway, we need the rest of the world to nudge Pakistan's focus towards its failing economy. If Communist China could dump doctrinaire policies in its pursuit of prosperity, why can't India's western neighbour? Maybe it expects to fit into the geopolitical jigsaw of Beijing's grand plans for Asia, but even that would require it to pull its weight on the economic front. Pakistan has been held hostage by its 'deep state" for much too long, India's patience has worn thin and a stopwatch is ticking for the former to exit its time warp. Topics You May Be Interested In Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
