Trump announced a supposed agreement between the two countries in a July 2 post on Truth Social, claiming that Vietnam’s exports would be subject to a 20 percent tariff and its “transshipped” goods to a 40 percent tariff. In return, Trump said, the United States was getting “TOTAL ACCESS to [Vietnamese] Markets for Trade.”
Complicating the matter was the absence of “any paperwork indicating a final agreement that includes those tariff rates” and the fact that neither country “formally signed off on a deal.”
To date, it remains unclear if it’s been finalized in any more meaningful way. Vietnam has yet to confirm the rates about which Trump boasted, leading CNBC to, once again, ask Bessent whether there is an agreement on paper.
“You haven’t seen that paperwork?” CNBC’s Eamon Javers pressed.
Bessent based his assumption that there’s a written and signed agreement on the trade deals reached with Indonesia and the Philippines. Notably, Indonesia contests some of Trump’s claims about its deal, and details about the Philippines deal remain scant beyond Trump’s Truth Social posts.
For instance, the Financial Times reported last week that officials in the U.S. and Japan have significant disagreements over the terms of their deal—which, despite being the “largest deal in history,” according to Trump, is not recorded on paper. In fact, no legally binding one is to be drawn up, the FT reports.
Hence then, the article about treasury secretary admits he s never seen trade deal trump is hyping was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Treasury Secretary Admits He’s Never Seen Trade Deal Trump Is Hyping )
Also on site :