U.S. and Vietnam Agree on Framework for Trade Agreement

According to BlockBeats, the United States and Vietnam have announced a framework for a reciprocal, fair, and balanced trade agreement. The U.S. will maintain a 20% tariff on Vietnamese goods, while identifying products and potential tariff adjustments to offer zero-tariff reciprocal treatment to friendly partners. Both nations will work constructively to address non-tariff barriers, aiming to reach an agreement in the coming weeks. Meanwhile, Malaysia's Ministry of Foreign Affairs has stated that Malaysia and the United States have elevated their bilateral relationship to a comprehensive strategic partnership.