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Vietnam will pay 20% tariffs for access to the American market.
They will allow American goods and products to be sold there at 0% tariffs.
Any goods that they import from other countries (China) will be tariffed at 40%
....
India is finalizing language and will be signing their deal tomorrow morning.
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wrote:
Was just announced on Fox news.
Link will be ...
Here ya go
https://www.cnbc.com/2025/07/02/trump-t … -deal.html [Highly Credible Source (Liberal)]
Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports
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https://www.cnn.com/2025/07/02/business … tnam-trump
https://finance.yahoo.com/news/nike-sto … 47733.html
https://www.foxbusiness.com/politics/tr … ss-markets
Trump announces Vietnam trade deal, says US given ‘total access’ to their markets
Trump says Vietnam has given US 'total access to their Markets for Trade'
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wrote:
https://www.cnn.com/2025/07/02/business/trade-deal-vietnam-trump
https://finance.yahoo.com/news/nike-sto … 47733.html
https://www.foxbusiness.com/politics/tr … ss-markets
Trump announces Vietnam trade deal, says US given ‘total access’ to their markets
Trump says Vietnam has given US 'total access to their Markets for Trade'
Doesn't sound finalized yet.
From your link...
"Vietnam’s state-run news outlet, Việt Nam News, reported that General Secretary Tô Lâm and Trump spoke on the phone Wednesday to patch up the terms of the deal, which it referred to as a framework. Vietnam’s US embassy did not respond to CNN’s request for comment.
On the call, “Lâm proposed that the US soon recognize Việt Nam as a market economy and lift export restrictions on certain high-tech products,” the outlet reported.
For months, Trump and his administration have been saying countries were lining up to make trade deals with the United States. But, ahead of July 9, when the 90-day pause on “reciprocal” tariffs ends and levies as high as 50% could go into effect, it’s been mostly crickets. Restoring those historic tariffs risks rocking financial markets and businesses’ plans alike.
Tariff rates on Vietnamese goods shipped to the US were set to rise to a minimum of 46% if the rates Trump announced in April held. Tariffs on Vietnam were among the highest he announced.
The White House has yet to publish any material laying out the details of the deal."
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wrote:
Doesn't sound finalized yet.
From your link...
"Vietnam’s state-run news outlet, Việt Nam News, reported that General Secretary Tô Lâm and Trump spoke on the phone Wednesday to patch up the terms of the deal, which it referred to as a framework. Vietnam’s US embassy did not respond to CNN’s request for comment.
On the call, “Lâm proposed that the US soon recognize Việt Nam as a market economy and lift export restrictions on certain high-tech products,” the outlet reported.
For months, Trump and his administration have been saying countries were lining up to make trade deals with the United States. But, ahead of July 9, when the 90-day pause on “reciprocal” tariffs ends and levies as high as 50% could go into effect, it’s been mostly crickets. Restoring those historic tariffs risks rocking financial markets and businesses’ plans alike.
Tariff rates on Vietnamese goods shipped to the US were set to rise to a minimum of 46% if the rates Trump announced in April held. Tariffs on Vietnam were among the highest he announced.
The White House has yet to publish any material laying out the details of the deal."
Again, it was just finalized moments ago.
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wrote:
Again, it was just finalized moments ago.
Vietnam is saying it's just a "framework"
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"It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping," Trump wrote in a post on Truth Social.
"In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade. In other words, they will ‘OPEN THEIR MARKET TO THE UNITED STATES,’ meaning that, we will be able to sell our product into Vietnam at ZERO Tariff," Trump added.
Trump says he reached the deal after speaking with To Lam, the General Secretary of the Communist Party of Vietnam.
https://www.chinadaily.com.cn/a/202507/ … 39cd7.html
Trump announces trade deal with Vietnam
You think China would lie for Trump?
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https://finance.yahoo.com/news/nike-sto … 47733.html
Nike stock pops after Trump says US reaches trade deal with Vietnam
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https://www.cnn.com/2025/07/02/business … tnam-trump
CNN - Against a ticking clock, President Donald Trump said Wednesday the United States has reached a trade agreement with Vietnam, pulling off the administration’s third significant deal ahead of a self-imposed July 9 deadline.
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