Trump, tariff and Vietnam
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Vietnam will devise measures to improve product quality to cope with potential risks from U.S. tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country's deputy trade minister said on Wednesday.
At the heart of Trump’s latest trade deal with Vietnam and talks with other trading partners is an effort to counter what he sees as China’s unfair practices to circumvent U.S. tariffs.
Kamal stated that Vietnam aims to increase its global trade volume from the current $800 billion to $1 trillion—a goal that presents significant opportunities for Pakistan. He added that Vietnam is one of the world’s largest producers of plastic paper and has shown interest in establishing production facilities in Pakistan.
Trump said the U.S. will impose a 20% tariff on Vietnamese exports to the U.S. Goods transshipped through Vietnam will get 40%.