US–Vietnam Trade Deal Creates Stability for American Retailers: BofA Analyst

The trade deal between the United States and Vietnam has created a sense of cost certainty in the U.S. retail sector as businesses place their holiday orders with manufacturers, Bank of America (BofA) retail analyst Lorraine Hutchinson said during a July 8 interview with CNBC.

On July 2, the two countries signed a trade agreement under which American goods would face zero tariffs in the Asian nation while goods shipped to the United States would be subject to a tariff of 20 percent.