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Trump Says Vietnam To Face 20% Tariff Under ‘Great’ Deal

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President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products.

 

 

 

 

The deal comes less than a week before Trump’s self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if agreements are not reached.

Shares in clothing companies and sport equipment manufacturers — which have a large footprint in Vietnam — rose on the news, but later declined sharply after the president released details including the continued tariffs, which were higher than expected.

If confirmed, the terms of the agreement will significantly increase the price of shoes and clothing that Vietnam exports to the United States, but Hanoi escapes the threat of the more severe 46 percent tariff threatened by Trump in April.

“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,” Trump wrote on his Truth Social platform.

He said that under the “Great Deal of Cooperation,” imports of Vietnamese goods will face a 20 percent US tariff, while goods that pass through Vietnam to circumvent steeper trade barriers — so-called “transshipping” — will see a 40 percent tariff.

‘Total Access’

Workers number fabric at a garment factory in Vietnam’s Thai Nguyen Province on July 2, 2025. Vietnam, a global manufacturing hub dependent on exports, faces a potential “reciprocal tariff” hike from 10 to 46 percent without a US trade deal. (Photo by Nhac NGUYEN / AFP)

 

Trump’s trade advisor Peter Navarro has called Vietnam a “colony of China,” saying that one third of Vietnamese products are in fact relabeled Chinese goods.

Trump said that “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,” he said.

“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.”

The president said he believed US-made SUVs, “which do so well in the United States, will be a wonderful addition to the various product lines within Vietnam.”

In a government statement, Vietnam confirmed that negotiating teams had come to an agreement to address the reciprocal tariff issue, but did not detail any tariff terms.

Trump “affirmed that the US will significantly reduce reciprocal taxes for many Vietnamese export goods and will continue to cooperate with Vietnam in resolving difficulties affecting bilateral trade relations, especially in areas prioritized by both sides,” the statement said.

Trump’s announcement comes a week before the threatened US reimposition of steep tariffs on dozens of economies, including the European Union and Japan, many of which are still scrambling to reach deals that would protect them from the measures.

Those higher tariffs are part of a package Trump initially imposed in April, citing a lack of “reciprocity” in trading relationships, before announcing a temporary lowering to 10 percent.

Without a deal, Vietnam’s “reciprocal tariff” would have risen from the baseline 10 percent to 46 percent.

Since April, Washington had so far only announced a pact with Britain and a deal to temporarily lower retaliatory duties with China.

Both involve the United States maintaining some of Trump’s tariffs on the trading partners.

The terms of the UK deal are more narrowly focused than those announced by Trump with Vietnam, with London and Washington agreeing to cut US tariffs on cars from 27.5 percent to 10 percent, with a limit of 100,000 vehicles a year.

It also fully eliminated the 10 percent tariff on goods such as engines and aircraft parts.

In return, Britain agreed to further open its market to US ethanol and beef.

 

 

 

 

AFP

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Paraguay’s President Santiago Peña Impeached And Arrested Over Bank Collapse 

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Paraguay’s President Santiago Peña has been impeached and placed under house arrest.

 

Peña was arrested on Friday minutes after lawmakers, including from his own party, voted to remove him from office due to a crisis triggered by the collapse of Ueno Bank earlier this week.

He had offered to step down on Thursday, but the move to impeach him and charge him with misconduct rather than accept his resignation meant he was stripped of his lifetime Senate seat and the immunity granted to ex-presidents.

Peña, who until last year held shares in the company that owned the bank, has denied any wrongdoing.

The demise of the digital bank has left more than half of Paraguay’s population without access to their savings after it was seized by Paraguay’s central bank.

An estimated three million depositors remain unable to access their savings and pensions prompting widespread protests particularly in the capital, Asunción.

The impeachment charges that led to Peña’s removal alleged he had conflicts of interest, manipulated regulatory oversight, diverted pension funds, and participated in an institutional cover-up involving the central bank.

Peña is due to be questioned today (Saturday) over allegations of breach of trust, influence peddling, and misappropriation of funds, prosecutor Silvia Margarita Gonzalez Vester said.

Peña’s impeachment passed with 44 out of 45 senators voting in favour of it. One lawmaker was absent.

Afterwards, senate president Basilio Núñez said Peña was found guilty of “dereliction of duty”.

Paraguay’s Vice-President Pedro Alliana was then sworn in as interim President.

“Compatriots who are now going through a difficult time as a result of the financial collapse will be fully compensated,” said Alliana, who will serve as President until 2028.

Pedro Alliana takes the oath of office as interim President

Senator Rafael Filizzola said: “We are facing the biggest corruption scandal in our democratic history – a tremendous blow to the state, to private citizens, and to the country’s credibility and image.”

Analysts say Peña is likely to now be prosecuted over the bank’s collapse.

His defence lawyer Ricardo Preda described the allegations as a “reckless accusation” that was “irresponsible and opportunistic”.

In an address to the nation on Thursday, Peña said that he was sorry and that “it was never my intention to betray the trust you placed in me”.

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Kenyan Doomsday Cult Leder Gets Life Sentence For Killing 191 People

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A Kenyan court has sentenced the leader of a doomsday cult, Paul Mackenzie, to 200 years in prison for murdering 191 people, all but one of them children.

 

Alongside 27 others, Mackenzie was found guilty of the murders for instructing members of his cult to starve their children to death so they could “meet Jesus”.

Justice Diana Mochache said Mackenzie bore the “primary criminal culpability” for ordering his followers to fast to death, in one of Kenya’s deadliest episodes of religious extremism.

“The sentence is appropriate and just, to send an unmistakable message that such atrocities warrant the maximum penalties allowed by law,” the judge added.

The self-styled pastor was arrested in 2023 after the discovery of more than 400 bodies in shallow graves in Shakahola forest near the Kenyan coast. The sprawling investigation into the cases shocked Kenya and drew international attention.

Ahead of sentencing, prosecutors in the court in Mombasa had argued for the death penalty for Mackenzie because of the gravity of the crimes. Capital punishment has not been carried out in Kenya since 1987.

The prosecutors also cited what they described as Mackenzie’s lack of remorse for the crimes. They requested life sentences for his co-accused.

Before the hearing began on Friday morning, Francis Wanje, who lost eight relatives in Shakahola forest, including two grandchildren, told the BBC’s Newsday programme that he was “hoping for… a sentence which will match his [Mackenzie’s] deeds in the forest”.

Mackenzie and the co-accused have formally pleaded for mercy and asked for leniency from the court.

Before their conviction on 19 October, they had all pleaded not guilty and repeatedly insisted that nobody was forced to die.

Mackenzie’s followers believed he was “Jesus’s mouthpiece”, Justice Diana Mochache said as she delivered her eight-hour judgement last month.

Those who opposed Mackenzie’s teachings were beaten to death.

One of his co-accused said he had told his followers that anyone who “resisted the directive to fast must be forced to go to heaven through kicks and blows”.

Burials inside the forest where the cult was based were called “weddings” and those who died “were celebrated as having wedded with Jesus” the judge said.

The judge found that the deaths arose from an organised system, including religious teachings and directives that compelled followers to follow the deadly fasting.

Post-mortem results showed the cause of deaths to be starvation for most victims, while others died from suffocation, strangulation or head injuries.

The cause of death could not be determined for some, with their bodies having decomposed, while others died soon after their rescue as they were so emaciated.

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Comedian Russell Brand Found Guilty By UK Court Of Rape And Gexual Assaults

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Comedian Russell Brand, once one of Britain’s most high-profile broadcasters and star of several Hollywood movies, faces a lengthy jail term after ​being convicted in a London court on Thursday of raping a woman and sexually assaulting three more.

Prosecutors said Brand, the former husband of US pop singer Katy Perry, was ‌obsessed with sex and used women to satisfy his own desires. One victim said he treated her “like an animal”.

Funny and charming when he wanted to be, but also ruthless, calculating and manipulative, the 51-year-old, who starred in “Get Him to the Greek” and “Arthur”, was interested only in getting what he wanted from women, prosecutors told jurors at Southwark Crown Court.

“The evidence showed Brand to be a calculated sexual predator, using his growing fame and power to create situations in which he could pursue women sexually, ​regardless of what they wanted,” senior Crown prosecutor David Roberts said outside court.

Brand now faces jail and potentially further action as police said he was still under investigation for two other alleged ​rapes, one involving a then 16-year-old girl.

BRAND DENIED THE CHARGES

Brand, known for his loquacious manner and flamboyant appearance, had denied all the charges and ever having non-consensual sex, ⁠saying the incidents, which dated back more than 20 years, had either been consensual, reinvented or re-imagined.

He acknowledged in evidence he had dedicated a lot of his life to “reckless philandering and idiocy” but said sexual consent ​was fundamental.

But, following a four-week trial, the jury found him guilty of rape and three sexual assaults committed between 2004 and 2009. He was acquitted of two other rape charges and an attempted indecent assault.

Judge Joel ​Bennathan said Brand, who was refused bail, would be sentenced on Monday and faced a lengthy prison term.

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