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Vietnam Got an Early Trade Deal with Donald Trump. Was It Worth It?

  • Vietnam's leadership was surprised by U.S. President Donald Trump's announcement of a 20% tariff, which conflicts with their expectation of a 10%-15% rate, leading Vietnam to seek a lower tariff rate.
  • After Trump's announcement, Vietnam's party chief instructed negotiators to continue working on reducing the tariff rate.
  • The U.S. requires Vietnam to address issues of Chinese goods being rerouted, as Trump eyes additional tariffs on unnotified partners ahead of an August deadline.
  • Vietnam's Ministry of Foreign Affairs stated that negotiators are coordinating with the U.S., while economic talks continue with China to strengthen trade ties.
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BizToc broke the news in on Friday, July 11, 2025.
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