You may end up paying for Trump’s latest trade deal | CNN Business

CNN  — 

Shoes, electronics and clothing are just some of the goods that could get more expensive under the trade agreement President Donald Trump announced with Vietnam on Wednesday.

Wait — how’s that possible?

For the past three months, goods shipped from Vietnam to the United States were tariffed at a minimum 10% rate, a reprieve from the 46% rate that briefly went into effect in April before Trump announced a pause.

Trump claimed the delay would give countries more time to negotiate trade deals with the US. As his self-imposed

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Here’s how Character.AI’s new CEO plans to address fears around kids’ use of chatbots | CNN Business

New York CNN  —  When Karandeep Anand’s 5-year-old daughter gets home from school, they fire up the artificial intelligence...

Here’s who stands to gain from the ‘big, beautiful bill.’ And who may struggle | CNN Business

New York CNN  —  President Donald Trump has promised that the “big, beautiful bill” passed by the Senate and...

Climate change could separate vanilla plants and their pollinators

Vanilla plants could have a future that’s not so sweet. Wild relatives of the vanilla plant — which could be essential if the original...