International News
Trump Says Vietnam To Face 20% Tariff Under ‘Great’ Deal
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’
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
International News
Nottingham Forest Sacks 5th Manager In 10 Months, To Wrap Up Oliver Glasner’s Deal
Oliver Glasner is in advanced talks to replace Vitor Pereira as Nottingham Forest head coach, a move which would see the Austrian become the club’s fifth manager in less than a year.
Pereira announced his departure from the club in a statement on Wednesday, saying that it came as a “complete surprise to me and without any warning”.
Glasner is a free agent after leaving Crystal Palace — where he won the FA Cup in 2024-25 and then the Community Shield and Conference League the following campaign — and is set to stay in the Premier League.
The 51-year-old confirmed in January that he would leave Palace at the end of the season after two years in charge.
On Thursday, Forest confirmed Pereira’s coaching staff Filipe Almeida, Luis Miguel, Bruno Moura, Marco Knoop and Pedro Lopes had all left the club alongside the head coach.
Pereira, 57, was appointed Forest head coach in February on an 18-month contract which runs until 2027.
The Athletic reported in May Forest had been planning to show their faith in Pereira by handing the head coach a new long-term contract, but those talks were subsequently put on hold.
“Today marks the end of my journey as head coach of Nottingham Forest,” he said in his statement.
“I want to say a sincere thank you to everyone connected with this incredible football club. Although this decision came as a complete surprise to me and without any warning, I fully respect the club’s right to make the decisions it believes are best for its future.
“Naturally, I am disappointed and saddened. I truly believed in what we were building together, and I leave with a sense of pride in everything we achieved over the past months.
“Together, we enjoyed a memorable end to the season. We secured the club’s Premier League status, reached the semi-finals of the Europa League, and created moments that will stay with me forever. Most importantly, I saw a group of players grow in confidence, belief and togetherness.
“I leave Nottingham Forest with no bitterness or resentment—only respect, gratitude and wonderful memories. Football is full of unexpected moments, and while this chapter has ended sooner than I expected, I will always look back on my time here with pride and affection.”
The Portuguese succeeded Sean Dyche and was Forest’s fourth permanent boss of the season following the departures of Nuno Espirito Santo and Ange Postecoglou.
Nuno had led Forest to Europa League qualification the previous season but he departed in September, less than three months after signing a new deal. Postecoglou was appointed his replacement but was dismissed just 39 days later. Dyche took charge of the team in October before his dismissal in February.
Forest were three points above the relegation zone when Pereira was appointed and he subsequently steered his side to Premier League safety with two games of the campaign remaining.
His appointment marked his second managerial spell in the Premier League after guiding Wolverhampton Wanderers to safety during the 2024-25 campaign.
Cristiano Ronaldo has publicly countered suggestions from his sister, Katia Aveiro, that he intends to retire from international football following the World Cup.
The Portuguese legend recently led his team to the round of 16 following a 2-1 victory over Croatia.
Ronaldo continued to be a pivotal player for his country, having scored the equalising goal from the penalty spot after going one goal down in the second half.
Following his goal, he became the oldest player to score in the knockout stage of the FIFA World Cup.
Reports from Portuguese media had quoted Aveiro stating that the current tournament would be Ronaldo’s final appearance for the national team.
Before the recent match against Croatia, Aveiro was quoted as saying, “From the information I have, from a reliable source, I believe that this is the last dance, so let’s enjoy it. I strongly believe this is the farewell.”
However, the football icon has made it clear that his focus remains solely on the present, not on his future.
“My future isn’t important right now,” Ronaldo stated. “I’ll have time; after winning or losing, I’ll talk to my family and then make the best decision.”
The legendary forward, who recently secured a trophy in Saudi Arabia, holds the record for both appearances and goals for his national team, with 146 goals in 232 caps.
The UEFA Appeals Body has announced that Czech club Karvina is banned from participating in next season’s Europa League. UEFA made the decision based on competition regulations, ruling that Karvina “directly or indirectly participated in activities aimed at manipulating or influencing the results of domestic matches,” as stated in the official resolution.
As a result of this decision, Karvina’s spot as domestic cup winner will be taken by Viktoria Plzeň, with Viktoria Plzeň’s second qualifying round spot going to Hradec Králové. Jablonec will fill the vacant Conference League spot originally held by Hradec Králové.
In the Europa League, Hradec Králové will face Tromsø. In the Conference League, Jablonec will face Varaždin.
Viktoria Plzeň will learn their opponent in the Europa League playoff draw on Monday, August 3.
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