Employees prepare Lego packages on a production line during the inauguration of the Lego factory in Binh Duong Province, Vietnam, on April 9, 2025. AFP
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.
