By tredu.com • 7/3/2025
Tredu
The US government has announced its third major trade deal in recent months, following similar agreements with the UK and China. This time, the focus is on Vietnam, a key Asian exporter to the United States.
The newly signed agreement includes:
At first glance, this seems like a win for the US, but economic experts are voicing strong concerns.
Analysts are questioning the long-term impact of import duties, particularly on products the US cannot realistically substitute or produce locally. For example:
These realities cast doubt on whether tariffs are truly effective tools for economic resilience or simply political signaling.
Despite the announcement, the US Dollar failed to gain. Market sentiment reflects skepticism that such deals will provide the economic uplift the administration hopes for, especially since Vietnam lacks the purchasing power to significantly increase imports of American goods.
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