The deal with Vietnam seeks to stop Chinese-made goods from transiting through the southeast Asian country to avoid higher duties.

Vietnam’s trade deal with the US is a wake-up call for Asian governments grappling with the reality that higher tariffs are here to stay.

Vietnam on Thursday hailed as a breakthrough a long-awaited trade deal with the United States and said its negotiators were coordinating with U.S. counterparts to formalise terms with Washington,