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