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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.
443 Articles
443 Articles
PHL exports not seen competitive at 17% US tariff rate after Vietnam deal - BusinessWorld Online
By Justine Irish D. Tabile, Reporter EXPORTS from the Philippines will have difficulty competing if the US restores its 17% reciprocal tariff rate, particularly after Vietnam was granted a favorable trade deal last week, the Foreign Buyers Association of the Philippines (FOBAP) said. FOBAP President Robert M. Young said Vietnam struck a deal with the US that lowered its tariff to 20% from the 46% originally announced in early April. “Presuming w…
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.
Trump says he will put 20% tariff on Vietnam's exports
US would set rates on many Vietnamese exports at 20% Higher tariffs were due to take effect next week without deal US cars may get preferential access to Vietnam’s market WASHINGTON/HANOI — The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading […] The post Trump says he will put 20% tariff on Vietnam’s exports appeared first on Int…
Trump Reduces Tariffs on Vietnam as Trump Organization Looks to Expand Investments
President Trump says he’s struck a trade agreement with Vietnam that will see U.S. goods enter the country duty-free. In return, the U.S. will apply a 20% tariff on Vietnamese imports, down from the 46% rate Trump announced in April. The reported deal comes just weeks after the Trump Organization broke ground on a $1.5 billion golf course in Vietnam. Meanwhile, Reuters reports Eric Trump recently visited Ho Chi Minh City to explore plans to buil…
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