The United States will maintain a 20% tariff on Vietnam, and both sides have reached a framework for a reciprocal, fair, and balanced trade agreement.

BlockBeats News, October 26, the White House announced that the United States and Vietnam have reached a framework for a reciprocal, fair, and balanced trade agreement. The United States will maintain a 20% tariff on Vietnam. The U.S. will identify products and potential tariff adjustment plans to grant friendly partners reciprocal zero-tariff treatment.

Both parties will work constructively to resolve non-tariff barrier issues and will seek to reach an agreement in the coming weeks.

Meanwhile, the Malaysian Ministry of Foreign Affairs stated that Malaysia and the United States have upgraded their bilateral relationship to a comprehensive strategic partnership. (Golden Ten Data)