Trump announces U.S. trade deal with Vietnam
1. Trump announces a trade deal with Vietnam, imposing a 20% tariff. 2. Vietnam to enforce a 40% tariff on transshipments to the U.S. 3. S&P 500 rose slightly post announcement, signaling initial investor optimism. 4. Apparel companies relying on Vietnam may face higher import costs ahead. 5. Vietnam's U.S. exports are critical, constituting 30% of its GDP.