The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

President Donald Trump has reached a trade agreement with Vietnam that will see a 20% tariff imposed on many of its exports—far less than the 46% initially proposed. The announcement

Trump announced a trade deal with Vietnam that would allow U.S. goods to enter the country duty-free, while Vietnamese exports to the U.S. would face a 20 per cent tariff.