Trump Signs New Trade Agreement with Vietnam, Market Implications Unclear for Crypto

Former U.S. President Donald TRUMP has inked a new trade deal with Vietnam, imposing a 20% tariff on Vietnamese goods entering the U.S. and a 40% levy on transshipped items. In return, Vietnam will grant the U.S. unprecedented access to its markets, eliminating tariffs for American products.

The agreement, negotiated with Vietnam's Communist Party General Secretary To Lam, could influence global trade flows but shows no direct impact on cryptocurrency markets. Trump highlighted potential opportunities for U.S. automakers, particularly regarding SUV exports, though digital assets remain absent from the trade terms.

Vietnam faces a looming deadline on suspended 46% tariffs originally imposed by Trump. Prime Minister Pham Minh Chinh has signaled intentions to finalize the agreement before the suspension expires next week.