In the face of the zero tariffs imposed by Vietnam, what products are USA companies making in USA going to sell in Vietnam that the Vietnamese are not already making themselves? Maybe Trump needs a market for his US$5 million golden visas, gold coins with his face, his own brand of lotion and perfumes, maybe arm-twisting Vietnam by force if necessary? India was arm twisted to buy expensive military equipment because Indian consumers cannot afford other expensive USA products. In the process Modi backstabbed Putin by buying weapons from USA instead of Russia. Trump laid a trap for Modi, to sour his relationship with Putin, and he fell headlong into it
On the surface, Trump has a good deal with Vietnam, until you realize that many USA companies are doing manufacturing in Vietnam in every sector, and Trump's 20% is also punishing them, with their exports to USA more expensive for USA consumers. Most other manufacturing entities are basically Chinese companies manufacturing in Vietnam, and their products will also be more expensive for the USA market. The loser is still USA importers and consumers.
On the other side of the coin, what products are the USA selling to Vietnam when many of them are already manufacturing products in Vietnam, competing with the Chinese and others? Are they going to be cheaper than Chinese manufactured goods made in Vietnam factories? So, even without tariffs can imported USA products sell in Vietnam?
Anonymous