The structure of the deal, while imperfect, gives Vietnam a clearer outlook on trade policy and supports its positioning in global supply chains.

Vietnam’s trade deal with the US is a wake-up call for Asian governments grappling with the reality that higher tariffs are here to stay.US President Donald Trump announced a 20% tariff on imports from Vietnam,

Vietnam finds itself caught between its two biggest trading partners as the Trump administration tries to stop Chinese exporters using Vietnam as a way station.