Vietnam’s leadership was caught off guard by US President Donald Trump’s announcement last week that it agreed to a 20% tariff, and the Southeast Asian nation is still seeking to lower the rate, according to people familiar with the matter.

Trump Announces New Tariffs on Vietnamese Imports President Donald Trump has announced a new trade agreement with Vietnam that brings big changes to how goods are exchanged between the two countries.

President Trump says he’s struck a trade agreement with Vietnam that will see U.S. goods enter the country duty-free. In return, the U.S. will apply a 20% tariff on Vietnamese imports, down from the 46% rate Trump announced in April.