A employee stitches apparels at a garment manufacturing facility in Vietnam’s Thai Nguyen Province on July 2, 2025.
Nhac Nguyen | Afp | Getty Photographs
President Donald Trump stated Wednesday that the US has struck a commerce cope with Vietnam that features a 20% tariff on the southeast Asian nation’s imports to the U.S.
Trump’s announcement on Fact Social stated that the deal will give the U.S. tariff-free entry to Vietnam’s markets.
Vietnam additionally agreed that items can be hit with a 40% tariff charge in the event that they originated overseas and have been transferred to Vietnam for last cargo to the US.
The method, often called transshipping, is used to bypass commerce limitations. China, a prime exporter to the U.S., has reportedly used Vietnam as a transshipment hub.
The settlement was unveiled lower than every week earlier than a 90-day pause on lots of Trump’s so-called reciprocal tariffs was set to run out, sending U.S. duties on imports from dozens of nations hovering.
Below that protectionist commerce scheme, Vietnamese imports to the U.S. have been topic to a 46% blanket tariff.
Learn Trump’s full put up:
It’s my Nice Honor to announce that I’ve simply made a Commerce Take care of the Socialist Republic of Vietnam after talking with To Lam, the Extremely Revered Common Secretary of the Communist Occasion of Vietnam. It is going to be a Nice Deal of Cooperation between our two Nations. The Phrases are that Vietnam can pay the US a 20% Tariff on any and all items despatched into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will do one thing that they’ve by no means accomplished earlier than, give the US of America TOTAL ACCESS to their Markets for Commerce. In different phrases, they’ll “OPEN THEIR MARKET TO THE UNITED STATES,” which means that, we will promote our product into Vietnam at ZERO Tariff. It’s my opinion that the SUV or, as it’s generally referred to, Massive Engine Automobile, which does so effectively in the US, will likely be an exquisite addition to the varied product strains inside Vietnam. Coping with Common Secretary To Lam, which I did personally, was an absolute pleasure. Thanks to your consideration to this matter!
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