Lightning strike! Trump announced: A major trade agreement has been finalized with Vietnam

2025-07-03

US President Donald Trump announced that he has reached a trade deal with Vietnam. Reuters reported that Trump posted on the social media platform Truth Social on Wednesday (July 2): "The terms of the agreement are: Vietnam will pay a 20% tariff on any goods exported to US territory, and a 40% tariff on any transit goods." Trump also said that Vietnam will "open its market to the United States", which means that US goods entering Vietnam will enjoy "zero tariff" treatment. Trump also said that Vietnam will "open its market to the United States", which means that US goods entering Vietnam will enjoy "zero tariff" treatment.

Trump unilaterally announced that he had reached a high-threshold new bilateral trade agreement with Vietnam, with core clauses pointing directly to tariff barriers and market access. According to his statement, Vietnam's exports to the United States will face a basic tariff of 20%, and the tax rate for possible "transit goods" (a reference to circumvention) will soar to 40%; in exchange, US goods entering the Vietnamese market will enjoy "zero tariffs". If this agreement is finally implemented, it will significantly reshape the US-Vietnam trade pattern: Vietnamese export companies face a sharp increase in cost pressure, and the supply chain layout may be forced to adjust; "transit goods" face strict definitions and regulatory risks, and the compliance challenges of related logistics routes have risen sharply. The competitiveness of US goods in the Vietnamese market has increased, which may squeeze out local and foreign products. The details of the agreement, the time of entry into force, and the official confirmation of Vietnam remain to be seen, and there may be variables between Trump's social media declaration and the final legal text.

HANYUEINT will track the dynamics of this agreement and subsequent details in real time. With its in-depth understanding of trade rules and logistics networks, it will provide customized solutions for your shipping trade plans, including cost optimization path design, compliance enhancement guidance and emergency alternative plans, to fully ensure your supply chain resilience and business continuity, and minimize the impact of the new agreement.


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