Trump announces Vietnam trade deal, 20% tariff on its imports to U.S.

President Donald Trump said Wednesday that the United States has struck a commercialized woody with Vietnam that includes a 20% tariff connected the southeast Asian country's imports to the U.S.

Trump's announcement connected Truth Social said that the woody volition springiness the U.S. tariff-free entree to Vietnam's markets.

The statement was unveiled little than a week earlier a 90-day intermission connected galore of Trump's alleged reciprocal tariffs was acceptable to expire, sending U.S. duties connected imports from dozens of countries soaring.

Under that protectionist commercialized scheme, Vietnamese imports to the U.S. were taxable to a 46% broad tariff.

Read Trump's afloat announcement:

It is my Great Honor to denote that I person conscionable made a Trade Deal with the Socialist Republic of Vietnam aft speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam. It volition beryllium a Great Deal of Cooperation betwixt our 2 Countries. The Terms are that Vietnam volition wage the United States a 20% Tariff connected immoderate and each goods sent into our Territory, and a 40% Tariff connected immoderate Transshipping. In return, Vietnam volition bash thing that they person ne'er done before, springiness the United States of America TOTAL ACCESS to their Markets for Trade. In different words, they volition "OPEN THEIR MARKET TO THE UNITED STATES," meaning that, we volition beryllium capable to merchantability our merchandise into Vietnam astatine ZERO Tariff. It is my sentiment that the SUV or, arsenic it is sometimes referred to, Large Engine Vehicle, which does truthful good successful the United States, volition beryllium a fantastic summation to the assorted merchandise lines wrong Vietnam. Dealing with General Secretary To Lam, which I did personally, was an implicit pleasure. Thank you for your attraction to this matter!

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