Trump-Vietnam Trade Deal Flashcards

Vocabulary flashcards covering the key terms, figures, and economic details of the trade agreement between the United States and Vietnam as announced by Donald J. Trump.

To Lam

The Highly Respected General Secretary of the Communist Party of Vietnam with whom the trade deal was negotiated.

Socialist Republic of Vietnam

The country with which Donald J. Trump announced a new trade deal for cooperation.

$20\%$ Tariff

The rate Vietnam will pay the United States on any and all goods sent into U.S. territory under the new agreement.

$40\%$ Tariff

The specific rate Vietnam will pay the United States on any Transshipping.

Total Access

The condition of Vietnam opening their market to the United States, allowing for the sale of U.S. products at zero tariff.

Zero Tariff

The rate at which the United States will be able to sell its products into the Vietnamese market according to the deal.

Large Engine Vehicle

An alternative term used for an SUV, mentioned as a product that would be a wonderful addition to various product lines within Vietnam.

Transshipping

A specific method of sending goods that will be subject to a $40\%$ tariff according to the terms of the deal.