U.S. Eases Tariffs on Vietnamese Goods in New Trade Deal
The United States has agreed to impose a lower-than-planned 20 percent tariff on many Vietnamese exports, easing trade tensions just days before a July 9 deadline for broader tariff hikes.
The agreement, announced by Donald Trump following talks with Vietnam’s President To Lam, also includes a 40 percent tariff on goods transshipped through Vietnam from third countries and a commitment from Hanoi to improve market access for U.S. products. While Vietnam confirmed a trade framework agreement, it did not specify tariff details. The deal marks a political win for Trump and reflects Vietnam’s efforts to maintain strong ties with both the U.S. and China amid shifting global trade dynamics.
