Trump announces trade deal with Vietnam
Published: 7/2/2025

President Trump announces new trade deal with Vietnam, granting full market access to US products with zero tariffs. The agreement comes as other economies rush to secure deals with the US amid planned tariff increases. Trump also reveals a 20% tariff on imports from Vietnam and imposes a 40% tariff on goods trans-shipped through the country due to concerns over Chinese exports passing through Vietnam. Companies manufacturing in Vietnam, like Nike and Apple, stand to benefit from the deal, though questions remain about enforcement and potential impacts on trade.