Trump announces Vietnam trade deal, 20% tariff on its imports to U.S.
- On July 2, 2025, following a conversation with General Secretary To Lam, President Donald Trump declared that the United States had reached a trade agreement with Vietnam.
- The announcement came less than a week before the July 9 expiration of a 90-day pause on Trump's reciprocal tariffs affecting Vietnamese imports.
- The deal grants the US zero tariffs on goods sold into Vietnam while imposing a 20% tariff on Vietnamese goods entering the US and a 40% tariff on transshipping.
- Trump stated, "I just made a Trade Deal with Vietnam," and expressed that SUVs could become a popular US product line in Vietnam.
- This agreement marks the third trade deal Trump arranged in three months and suggests increasing US market access while maintaining protective tariffs on Vietnamese goods.
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Analysis: Trump's tariffs would cost employers $82.3B
WASHINGTON — President Donald Trump says he's reached a trade deal with Vietnam. Trump says Vietnam will pay a 20% tariff on goods sent into U.S. territory and a 40% tariff on transshipping, which usually means exports from China that…
Trump didn't just cut a deal with Vietnam — he was targeting China, too
ZUMA Press Wire via Reuters ConnectPresident Donald Trump has announced a trade deal with Vietnam.He lowered tariffs on Vietnam to 20% but is slapping 40% tariffs on transshipments through the country.Vietnam has benefited from supply-chain shifts due to US-China trade tensions.President Donald Trump just gave Vietnam a trade break — and used it to squeeze China.On Wednesday, Trump announced a trade deal with Hanoi that would levy 20% on imports…
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