Retailers Avoided a Worst Case Scenario in Vietnam. But Executives Say Trump's Trade Deal Could Still Hit Consumers

Retailers avoided a worst case scenario in Vietnam. But executives say Trump's trade deal could still hit consumers.

The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs

Retailers avoided a worst case scenario in Vietnam. But executives say Trump's trade deal could still hit consumers

Vietnam was the retail industry's backup plan when Trump first imposed duties on China, so some executives are relieved to see a potential deal with 20% levies.

Trump's Vietnam tariff deal prevents the worst for Samsung, for now

President Trump announced sweeping tariffs back in April this year with Vietnam, where most Samsung phones are made, being hit with a 46% rate. This meant that products made there couldn't be sold in the US unless that 46% tariff was paid to the government first. The tariffs were soon paused for 90 days as the US administration began trade talks with the countries impacted to arrive at an agreeable solution. The US has concluded a trade deal wi…