3 July 2025

Trump announces a US trade deal with Vietnam

By Redoy K

President Trump announced a trade deal with Vietnam, reducing tariffs from a threatened 46% to 20% on Vietnamese exports, with 40% levies on trans-shipments from third countries. Vietnam gets zero-tariff access for US imports and preferential market access commitments. The agreement, announced days before July 9 tariff deadline, boosts apparel stocks and strengthens US-Vietnam ties against China’s influence.READ FULL