The recent trade agreement between the US and Vietnam imposes tariffs of 20% on imports from Vietnam, suggesting a trend of increasing tariffs in US trade policy.
Adrian Rusu
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International
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The agreement signed between the US and Vietnam provides for a 20% tariff on imports from Vietnam, down from 46% previously, while US exports remain untaxed. This reflects a protectionist trade policy with possible negative effects on other emerging Asian economies such as Thailand and Malaysia. It is also anticipated that India could be the next negotiating partner, while the European Union faces difficulties in gaining tariff-free access to the US market, as trade relations are strained.
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