Some of President Donald Trump’s allies are saying that recent moves by Israel and Vietnam to lower import duties are a sign that Trump’s aggressive tariff agenda could end up helping trade.
In a dramatic Rose Garden announcement declaring “Liberation Day,” Trump on Wednesday announced 10% tariffs on all imports and higher reciprocal rates on other countries. In the days before the tariff rollout, Israel announced the removal of tariffs on U.S. products and Vietnam cut tariffs on several U.S. imports.
“That’s kind of the goal of this thing, that’s a positive result,” Sen. Ron Johnson (R-WI) told the Washington Examiner when asked about the moves by Israel and Vietnam.
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Additionally, Vietnam gave Elon Musk’s Starlink access to the country recently and has promised to purchase
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