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Six days before the tariff's deadline, Vietnam and the U. the US have reached a deal. Good morning. This is the Marketplace Morning Report, and we're live from the BBC World Service. I'm Leanna Byrne. So President Donald Trump says he struck a new trade deal with Vietnam. The deal reached during last-minute negotiations makes Hanoi one of the few to agree

a deal, as the BBC's Erin Delmore reports. Back in April, when Trump announced new tariff rates,

Vietnam was one of the hardest-hit countries. Goods imported into the U.S. from Vietnam were

subject to a 46% blanket tariff. Now, per the new agreement, it's a 20% tariff on goods imported into the

U.S. from Vietnam, as well as a 40% trans-shipping tariff. That's to keep countries from

circumventing trade barriers. Now, a tariff is a tax on imports. And while President Trump

wrote on Truth Social that Vietnam will pay the 20% tariff, it will be paid by

the importers of the goods who are in the U.S. Aaron Delmore there. Now, let's do the numbers.

British bonds, they call them guilts over here, have clawed back some heavy losses prompted by

questions over the UK finance minister's future. Government bomb prices fell by the most since

October 2022 and the pound dropped by more than 1%. Meanwhile, Microsoft says it will lay off

nearly 4% of its global workforce affecting around 6,000 workers. Now, we often hear how investors

pile into gold in times of uncertainty, seeing out as a so-called safe haven.

But another precious metal, platinum, has also been hitting highs.

Last week it climbed above the $1,400 per Troy ounce mark for the first time since September 2014.

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