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Trump Announces Vietnam Trade Deal With 20% Import Tariff

President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.
The fashion industry was rocked by Trump's tariff announcements.
A 20 percent tariff will be placed on Vietnamese exports to the US, with a 40 percent levy on any goods deemed to be transshipped through the country. (Getty Images)

President

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