Inside Trade

September 13, 2025

Trump says U.S. products will get ‘total access’ in deal with Vietnam

By Hannah Monicken  / July 2, 2025 at 11:35 AM
The U.S. and Vietnam have reached a trade deal in which Hanoi will avoid tariffs of nearly 50 percent set to go into effect next week in return for opening its market to a range of U.S. goods, President Trump announced on Wednesday. Under Trump’s so-called “reciprocal” tariff regime put forward in April, Vietnamese goods would face a 46 percent duty rate. Trump subsequently paused the country-specific duties to allow for negotiations but left in place 10 percent baseline tariffs...

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