Back to today’s briefing

Story perspectives

Trump's Trade Deal: Zero Tariffs for U.S., 20% for Vietnam

7/8/2025

35 4

Summary

Story summary

President Trump unveiled a groundbreaking trade agreement with Vietnam, slashing tariffs on U.S. exports to zero. In a bold move, a 20% tariff will be placed on Vietnamese goods, with a staggering 40% on transshipped items. This deal seeks to address the alarming $123.5 billion trade deficit, aiming to reshape the economic landscape between the two nations.

1 of 1

Story summary

President Trump unveiled a groundbreaking trade agreement with Vietnam, slashing tariffs on U.S. exports to zero. In a bold move, a 20% tariff will be placed on Vietnamese goods, with a staggering 40% on transshipped items. This deal seeks to address the alarming $123.5 billion trade deficit, aiming to reshape the economic landscape between the two nations.