The United States and Vietnam have reached a trade agreement, President Donald Trump confirmed Wednesday.
“I just made a trade deal with Vietnam. Details to follow!” Trump wrote in a July 2 Truth Social post.
Trump and White House officials have stated that they expect a flurry of trade deals to be announced leading up to the highly anticipated July 9 deadline for the president’s reciprocal tariffs.
Trump, writing in a follow-up post, confirmed that the terms include Vietnam paying a 20 percent tariff rate “on any and all goods sent into” the United States and a 40 percent levy on any transshipping.
Vietnam, in exchange, will provide the United States “total access” to its market for trade. “We will be able to sell our product into Vietnam at zero tariff,” the president said....
