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,

WASHINGTON (AP) — President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy. On his Truth Social platform, Trump declared the pact “a Great Deal of Cooperation between our two Countries.”