Announcing the deal with Vietnam last week, Trump said that the US will instead impose a 20 per cent tariff on Vietnamese goods. A higher rate of 40 per cent will apply on any goods from Vietnam it considers to have been ‘trans-shipped’ – i.

Vietnam is preparing stricter penalties to crack down on trade fraud and the illegal transshipment of goods, and has focused its inspections on Chinese products as it tries to comply with commitments made to Washington,

THE Philippines faces a significant challenge in its bid to become a new hub for manufacturers leaving China, as it is poised for “intense competition” from Vie

Vietnam aims to sign more free trade agreements, improve supply chains, and diversify its export markets as it grapples with global uncertainty posed by the US tariff offensive. “The global economy is being impacted by geopolitical competition ...

Vietnam was the first in Asia to strike a deal, but it has little leverage against Washington, and is now facing levies up to 40%. The same goes for Cambodia. A poor country heavily reliant on exports, it has been negotiating a deal as Trump threatens 35% tariffs.

Vietnam is intensifying its crackdown on trade fraud and illegal transshipment, primarily focusing on Chinese imports to comply with a U.S. agreement. The country is implementing stricter sanctions and inspections to prevent fraudulent 'Made in Vietnam' labels,

The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

Vietnam and the US are said to be close to a trade framework that will see goods given a scaled range of tariffs depending on the percentage of foreign content, according to people familiar with the talks.