Vietnam Signs Trade Deal With US Despite China’s Warnings, More Countries May Follow: Experts

After the United States and Vietnam signed a trade deal, Beijing again issued a warning of retaliation to other countries preparing to sign similar agreements with Washington, as the White House’s July 9 deadline for trade deals approaches.
Under the July 2 agreement, U.S. goods will enter the Vietnamese market tariff-free, while all Vietnamese goods shipped to the United States will be subject to a 20 percent tariff. Any goods transshipped through Vietnam to the United States will face a 40 percent tariff.
Transshipments refer to products from China and other countries being rerouted through Vietnam and then exported to the United States to evade higher tariffs…. 

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