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U.S. President Donald Trump says a trade agreement with Vietnam is nearly finalized, though key details remain unclear. The pact aims to lower tariffs and address concerns over transshipment.
Speaking at Joint Base Andrews near Washington, Trump said the deal would reduce proposed tariffs on Vietnamese imports to 20%, down from the previously threatened 46%.
However, items identified as illegally transshipped through Vietnam may still face a steep 40% levy.
The agreement, first introduced earlier this month, remains unofficial, with key issues unresolved—such as what qualifies as illegal transshipment, how much value Vietnam must add to imports, and which products will be affected.
Vietnam has not confirmed specific tariff figures, only referring to a general trade framework.
When asked about releasing details of the Vietnam trade deal, Trump said, "I don't think it matters how much you release of the deal. We have a Vietnam deal, and I would say that that deal is being pretty well set."
The surge in trade talks comes amid Vietnam's rapidly growing economic ties with the U.S. Since 2018, when the Trump administration imposed sweeping tariffs on Chinese goods, Vietnam has nearly tripled its exports to the United States, as manufacturers sought alternative production hubs in Southeast Asia.
In parallel, the country also expanded its imports from China, with trade flows from both directions closely aligned.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Russia’s central bank has ruled the state violated minority shareholders’ rights in seized assets, signalling rare pushback against nationalisation.
A newly elected German mayor survived multiple stab wounds in a family attack.
Cristiano Ronaldo has become football’s first billionaire player, according to Bloomberg, which tracks the world’s richest individuals.
Germany has ended its fast-track citizenship programme, reflecting a shift in public attitudes toward migration and integration.
Israel and Hamas have agreed to the first phase of the U.S.-proposed Gaza deal, which will see the release of all Israeli hostages, U.S. President Donald Trump announced on Wednesday.
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