US Wants Vietnam to Pay Higher Tariff Based on Foreign Content

Vietnam and the US are said to be close to a trade framework that will see goods given a scaled range of tariffs depending on the percentage of foreign content, according to people familiar with the talks.

Exports to the US that contain the highest proportion of foreign components would be charged at the top end of the range, around 20% or above, the people said, asking not to be identified as the talks are confidential. Products that contain a lower percentage of foreign components would be set a slightly reduced rate, while those entirely from Vietnam would face the ...