“Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping,” Trump said on his social network. “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.”

The United States and Vietnam have agreed on a two-layer tariff system designed to stop goods routed through Vietnam, often to dodge US duties, from entering American markets. Under the plan, items genuinely produced in Vietnam face a 20% duty,

The experience of a company in the textile business illustrates how the trade war could force some industries to shift production out of the United States.