Source: Fox News
“President Donald Trump announced Wednesday that he has struck a trade deal with Vietnam. ‘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,’ he added. Trump says he reached the deal after speaking with To Lam, the General Secretary of the Communist Party of Vietnam.” (07/02/25)