US Reaches Vietnam Trade Deal With 20% Import Tariff, Trump Says

What We Know As US, Vietnam Said To Reach Trade Deal

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Francesca Stevens, Nguyen Dieu Tu Uyen, and Jennifer A Dlouhy

July 2, 2025 at 10:30 AM EDT

Updated on

July 3, 2025 at 12:54 AM EDT

President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.

A 20% tariff will be placed on Vietnamese exports to the US, with a 40% levy on any goods deemed to be transshipped through the country, Trump said in a social-media post on Wednesday. Trump said that Vietnam had agreed to drop all levies on US imports.