The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
U.S. imports from Vietnam have risen since President Trump’s first term, when he imposed hefty tariffs on China and manufacturers started searching for new locations for their overseas factories.
New York Times reporter Ana Swanson reports from the Los Angeles Port, the largest port in the Western Hemisphere as well as the place that first saw the signs of Trump’s tariff war. The Port of Los Angeles is significant because of our trade relationship with China in particular, which is why The Trump administration’s 145% tariffs on the country resulted in lower volume at the port. Ana Swanson explains what the port illustrates about U.S. trade and how what’s felt at the Port of Los Angeles will soon be felt by U.S. consumers.
The leaders of Britain and the United States announced a deal last month, but it had not been clear when their agreement would go into effect. Britain hailed the announcement as “a huge win.”
Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.
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