President Donald Trump has announced that the United States has reached a new trade deal with Vietnam. The announcement was made on Wednesday via a post on Truth Social, where Trump stated, “I just made a Trade Deal with Vietnam. Details to follow!” However, he did not provide specific details about the agreement, promising more information soon.
According to reports, this deal comes after weeks of diplomatic negotiations and just ahead of a looming deadline that would have seen a 46% tariff imposed on Vietnamese imports into the US—a policy introduced earlier as part of Trump’s “reciprocal tariffs.” The new agreement appears to include a pause on these tariffs while both sides work out a more comprehensive deal.
A draft framework obtained by POLITICO indicates that Vietnam has agreed to open its market to more US imports and take steps to reduce the flow of Chinese goods transshipped through Vietnam to the US, though many specifics remain unresolved. The agreement is described as a preliminary framework, with further negotiations expected to finalize the details.
This is a developing story, and more information is expected as the two countries continue discussions and the White House releases additional details.