“Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping,” Trump said on his social network. “In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade.”

An initial trade deal with Vietnam offers a glimpse of how President Trump is pushing countries to cut back on trade with China.

Vietnam finds itself caught between its two biggest trading partners as the Trump administration tries to stop Chinese exporters using Vietnam as a way station.

The Tibetan spiritual leader ended years of speculation by saying Wednesday that the next Dalai Lama should be found and recognized according to past Buddhist traditions, signaling that China should stay away from the process.

Tesla Inc. saw its first increase in vehicle deliveries from its Shanghai factory this year, with the US automaker potentially buoyed by the clearance of regulatory hurdles for its advanced driver-assistance features.

Tesla (NASDAQ:TSLA) saw a modest rebound in its China-made electric vehicle sales in June, according to data from the China Passenger Car Association released Wednesday. The company delivered 71,599 units last month,