Trump gives the announcement: “agreement reached with Vietnam”, which will pay 20% duties, instead of 46% initially expected, and open its market to American products.
The day of the entry into force of the duties imposed in the “Liberation Day“It becomes closer and closer, while the time to find an agreement with the American administration thinks. Today, however, Donald Trump He announced a new agreement with another Asian country, after that reached with the United Kingdom and the truce signed with China. On his social network Truth The American president wrote: “It is a great honor for me to announce that I have just concluded a commercial agreement with the Socialist Republic of Vietnam after talking to To Lamthe estimated general secretary of the Vietnam Communist Party ».
To provide the details of the agreement is Trump himself: «It will be a great cooperation agreement between our two countries. The conditions are that Vietnam will pay the United States a 20% duty on all goods sent to our territory and a 40% duty on any transbeord». Vietnam thus protected from the 46% rate which would otherwise take place from 9 July.
For the Asian country, a former sworn enemy of the United States, 20% seemed to be an acceptable duty, in fact exporting mainly products to low added value, the rates to be paid will probably be financed by slight price increases for American final consumers. Note also the 40% rate for goods brought to Vietnam for re -export, clearly designed for Chinese products exported to Vietnam to then be shipped to the United States. It is no coincidence that Chinese companies are in fact investing in the production directly on site.
But it does not end here, «in return, the Vietnam will do something that has never done before, granting the United States of America to total access to their market markets. In other words, “they will open their market to the United States”, which means that we can sell our products in Vietnam at zero rate “.
According to the American president this It will open new opportunities for American companiesin particular for the automotive sector: “I believe that the SUV or, as is sometimes defined, the vehicle of large displacement, which is so good in the United States, will be an excellent addition to the various Products of Vietnam products”.
But for an concluded agreement, there are many others waiting to be concluded, provided that they are concluded. One of these is the one with the European Union, for which the European Commissioner Commissioner arrived in the United States today, Maroš Šefčovičwho, before leaving, limited himself to saying that “we want to get the most possible, something that is fair for both sides”.
In the last European Council of Italy and Germany last week, Germany had been said in favor of a rapid agreement, perhaps similar to the British one, while France had seemed more cautious and oriented to find the right square, even at the cost of incurring the reintroduction of the 20% rate imposed in April.
If this is the case, it is very likely that the EU is in good company. If an agreement has in fact been achieved with the United Kingdom and Vietnam (in addition to the “respite” with China), while the one with Canada and India seems to be on the right of arrival, it is very likely that this does not happen with Japan, since in recent days Trump had publicly complained about the difficulties in reaching an agreement with the town of the Rising Sun, threatening to put a duty of 30 or 35% for all the products imported from Japan. Time holds, and the “duties war” could soon start again.
