The United States will place a lower-than-promised tariff on many Vietnamese exports, Donald Trump said, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

President Donald Trump’s new trade deal with Vietnam sends a clear signal about where US tariffs on Chinese goods might ultimately land, as talks between Washington and Beijing continue following their recent truce.

China is increasingly worried about US efforts to forge agreements with allies, potentially isolating Chinese firms from global supply chains. Washington is actively negotiating deals with Asian and European partners to limit China's involvement,