Trump Announces Vietnam Trade Deal: Tariff Details and Market Access Terms
On June 9, 2025, former U.S. President Donald Trump disclosed details of a trade agreement with Vietnam, stipulating a 20% base tariff on Vietnamese exports to the U.S. and 40% for transshipped goods. Vietnam will grant full market access to U.S. exports under zero-tariff policies, including key product lines like SUVs. The agreement’s implementation timeline and enforcement mechanisms remain undisclosed.