U.S. President Trump announces trade deal with Vietnam, allowing duty-free entry for U.S. goods while imposing a 20% levy on Vietnamese exports to the U.S. Nike’s stock rises 4.1% as the deal benefits companies importing from Vietnam. Trump suspends reciprocal tariffs for negotiations. Experts question the agreement’s fairness. The U.S. had a $122 billion trade deficit with Vietnam last year. Trump also plans a 40% tax on transshipping goods through Vietnam.
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