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

President Donald Trump announced that the United States has reached a new trade agreement with Vietnam that includes a 20% import tariff on select goods. The deal is part of the administration’s broader effort to rebalance trade relationships and address what it views as unfair trade practices. While full details of the agreement have not been disclosed, the tariff is expected to apply to specific product categories where the U.S. aims to protect domestic industries. Trump hailed the deal as a win for American workers and manufacturers, emphasizing the importance of fair and reciprocal trade. The agreement marks a significant step in strengthening economic ties between the two countries, even as the tariff element reflects Washington's continued use of trade pressure to achieve policy goals. Analysts note the deal could affect supply chains and pricing for certain imported goods, depending on how broadly the tariff is applied.

ECONOMICS