Six days before the tariff's deadline, Vietnam and 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 Aaron 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 US.

Erin Delmore there. Now, let's do the numbers. British bonds, they call them gilts over here,

have clawed back some heavy losses prompted by questions over the UK finance minister's future.

Government bond prices fell by the most since October 22, 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. It's since slipped back. So why is there

such a rush for platinum? I asked Tim Water, Chief Market Analyst at K-CM Trade.

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