On July 2, former U.S. President Donald Trump announced on Truth Social that the United States has reached a bilateral trade agreement with Vietnam after months of negotiation. Key points include:
Vietnamese exports to the U.S. will face a 20% tariff, lower than the 46% initially proposed in April 2025. Goods transshipped from third countries through Vietnam will be taxed at 40% to prevent trade circumvention. U.S. exports to Vietnam will be fully tariff-free, opening major opportunities for American businesses in Vietnam—what Trump described as “unprecedented access.” Trump confirmed direct talks with Vietnamese General Secretary To Lam prior to announcing the deal.This marks a turning point for Vietnamese exporters, especially as the U.S. prepares to end its global tariff freeze on July 9, 2025.
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