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Trump announces Vietnam trade deal, 20% tariff on its imports to U.S.

UNITED STATES, JUL 3 – The deal imposes a 20% tariff on Vietnamese imports and a 40% tariff on transshipped goods while allowing tariff-free access for U.S. exports, aiming to reduce a $104.6 billion trade deficit.

  • On July 2, 2025, a trade agreement was reached between the United States and Vietnam that permits American products to enter Vietnam without tariffs, while Vietnamese goods imported into the U.S. are subject to a 20% duty.
  • The deal followed a 90-day pause on reciprocal tariffs, including a previously proposed 46% tax on Vietnamese imports, to enable negotiations with Vietnam's Communist Party General Secretary To Lam.
  • In 2024, the value of traded goods between the U.S. and Vietnam approached $150 billion, with Vietnam maintaining the third-largest trade surplus with the U.S. after China and Mexico, amid concerns that some Chinese companies may be routing products through Vietnam to bypass U.S. tariffs.
  • Wendy Cutler, a former U.S. trade negotiator, noted that Vietnam’s reliance on exports to the U.S. gave America a strong negotiating position, while the administration had yet to make the agreement’s text or further information publicly available at the time of the announcement.
  • The agreement signals closer U.S.-Vietnam ties and may promote further trade deals despite uncertainties about tariff specifics and ongoing negotiations on rules of origin, supply chains, and investment.
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In the second quarter of 2025 Vietnamese GDP accelerates to 7.96% thanks to the export boom. The new trade agreement with the United States strengthens the climate of confidence, but the clause on products coming from China and then exported from Vietnam risks hitting the entire regional production chain.

The exporting country Vietnam has agreed with the American government on a 20 percent rate of duty.

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Financial Express broke the news in Uttar Pradesh, India on Tuesday, July 1, 2025.
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