President Trump announced a trade deal with Vietnam, allowing duty-free entry for U.S. goods while imposing a 20% levy on Vietnamese exports to the U.S. The deal aims to address the trade deficit, with Trump suspending reciprocal tariffs for negotiations. However, doubts linger over imposing similar agreements on bigger trading partners. Vietnam’s strategic importance is highlighted by its hosting of President Biden and Chinese leader Xi Jinping in 2023.
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