New Delhi, July 3 -- A newly announced trade agreement between the United States and Vietnam has raised alarms across Asia's export markets, with Indian exporters and policymakers urged to approach future trade negotiations with caution.

Under the new pact announced by US President Donald Trump on his Truth Social platform, a flat 20 percent tariff will be imposed on all Vietnamese exports to the United States-a measure expected to disrupt Vietnam's USD 135 billion export trade and potentially reverse two decades of trade liberalisation.

The Global Trade Research Initiative (GTRI), in a recent report, outlined key risks posed by the deal and its broader implications for India, particularly in the context of its ongoing trade discussions...