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Trump Announces Vietnam Trade Deal With 20% Import Tariff
Posted
July 2, 2025
Views
24,644
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306
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137
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1.80%
July 2, 2025
24,644
306
137
1.80%
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1:28Now PlayingPresident Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.
A 20% tariff will be placed on Vietnamese exports to the US, with a 40% levy on any goods deemed to be transshipped through the country, Trump said in a social-media post on Wednesday. Trump said that Vietnam had agreed to drop all levies on US imports.
“In other words, they will “OPEN THEIR MARKET TO THE UNITED STATES,” meaning that, we will be able to sell our product into Vietnam at ZERO Tariff,” Trump wrote. The president said he had secured the deal after discussions with Communist Party chief To Lam.
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