Legal Insurrection
President Donald Trump announced a new trade deal with Vietnam as the tariff draws near.
Trump wrote on Truth Social:
It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam. It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade. In other words, they will “OPEN THEIR MARKET TO THE UNITED STATES,” meaning that, we will be able to sell our product into Vietnam at ZERO Tariff. It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam. Dealing with General Secretary To Lam, which I did personally, was an absolute pleasure. Thank you for your attention to this matter! more
The big deal here is the 40% tariff on transshipping. Watch for the diplomatic (and maybe otherwise) fireworks. China has spent billions, quite possibly trillions, on setting up VN (and others) as midway points to get around tariffs. Imagine China ships two complex pieces of gear to VN where one peon screws them together with a single screw, then ships the thing to the U.S. paying VN tariff instead of China tariff. That’s stopping.
What would we have done without this man? I shudder to think about it.
Way to go Trump – and Viet Nam! They just keep getting better.
BRILLIANT!
I have a LOT of Vietnamese Customers.
THEY FUCKIN HATE the “CHYNA”
PS> HAPPY 4th of JULY!
Tomorrow Morn, I hang My BETSY ROSS in FRONT of the HOUSE to PISS OFF EVERY BODY IN ONTARIO. (right next to my Alberta Flag)
FUCK CARNEY!