The trade agreement between the United States and Vietnam has been sealed by President Donald Trump, but also feared that a new problem can be created between the US and China.
South Korean president Lee J-Mung, who came to power on a practical diplomat platform with both the US and China last month, suggested on Thursday that the negotiations between Washington and Soul were unclear whether the next week’s decision would be concluded.
Vietnam is the third largest trade surplus with the United States of China and Mexico, with the United States. Targeted with a rate of 46 percentOn April 2, one of the highest places in Trump’s “Liberation Day” tariff blit.
Analysts say the US-Vietnam trade agreement is using the Washington template to deal with South Korea, Japan and Thailand with other Asian countries.
Speaking at his first first -time council on Thursday since June held the office on June, Lee said that the negotiations with the United States were not “clearly” and emphasized that the countries need to reach mutual beneficial results.
Lee said, “It is certainly difficult to say whether to reach a conclusion by July 8,” we are doing our best now, “Lee said. “Whatever we need is a mutual result, which benefits both sides and works for everyone, but so far both sides are still trying to define what they want.”
Lee, a liberal, Came to power After winning the presidential election Deletion Marshak Law in December because of his wrongdoing.
Trump has expired on July 9 in the 90-day pause at global mutual rates, possibly reaching South Korea’s products to 25% tax rate.
The US is looking for high duties separately on certain products such as automobile and semiconductors, the main export of South Korea’s trade-based economy.
There is an increasing concern in Soul that Trump can also demand a widespread agreement, South Korea will have to pay more significantly to 5,000 US soldiers in the country to prevent North Korea’s threat. Li has consistently urged the rates on the rates, arguing that the rush to secure the initial agreement will not meet the national interest.
China is provoking?
South Korea’s struggle to reach trade agreements with the United States late Wednesday has been avoided by the US-Vietnam trade agreement, which means that the percent implementation of next week has been avoided. Vietnam is now face to face At least 20 percent rate In exchange for opening your market in American products with cars.
But the percent percentage of the per center percentage has hit the Goods going across the country to eliminate the barriers of the trade – a practice called “transpiping” – and expressed concern about how Beijing’s reaction will be.
Washington has accused Hanoi of reeling to infiltrate Chinese goods on his rate, but the raw material in the world’s two economy is the lifeblood of Vietnam’s manufacturing industries.
“From a global perspective, the most interesting point is that the deal seems to be about China again,” said Capital Economics. “The conditions for stimulating in Beijing” will be seen as a provocation in Beijing, especially if in such a situation that has been agreed in the coming days “.
Shares of clothing companies and sports equipment manufacturers in Vietnam increased on the news of the Testament in New York. But later, they rejected the details and rejected it.
The Vietnam government said in a late statement on Wednesday that according to the agreement, the country had promised to enter the market for American goods with a large engine car.
But the statement gave a brief detail about the change system in the deal, which Trump announced his truth on the social platform.
The uncertainty about transplanting “will be implemented or implemented” is a possibility of diplomacy, said Bloomberg Economics expert Rana Sajedi.
She said, “The question is how China will respond.” Beijing has made it clear that it will respond to the deals on Chinese interest costs. “
