Trump says US has reached trade deal with Vietnam

[WSHazel]

Source: Yahoo Finance

Trump said Vietnam's goods imported to the US would face a 20% tariff, lower than the 46% tariff he had levied as part of his "Liberation Day" plans but higher than the blanket 10% tariff currently in effect. He also said Vietnamese goods would face a higher 40% tariff "on any transshipping" — when goods shipped from Vietnam originate from another country, like China.

Read more: https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-says-us-has-reached-trade-deal-with-vietnam-as-deadline-looms-for-deals-200619316.html

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This is as TACO as it gets. Vietnamese goods end up with a 20% tax that Americans will pay most of while Vietnam sets tariffs at 0%, mostly for stuff it isn't going to buy anyway. The only major U.S. exports to Vietnam are agricultural, and I believe the tariffs on those were already very low.

Trump and the Right have created a sales tax through these tariffs, which is regressive.