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USA and Vietnam: new trade agreement


Juillet, 03 2025
watermark Economic news

Donald Trump announced the conclusion of a trade agreement with Vietnam, the details of which remain undisclosed and have not yet been confirmed by Hanoi. According to him, the new terms imply a 20% duty on Vietnamese goods, which is lower than the previously announced 46%. 


However, for re-exports, that is, goods transported through Vietnam from other countries without significant processing, a tariff of 40% is introduced. These measures are aimed at countering Chinese manufacturers who use Vietnam to circumvent US duties.


From 2017 to 2024, Vietnam's exports to the United States tripled to $137 billion. At the same time, China's share of U.S. imports decreased from 21.4% to 13.4%, according to data from the U.S. Census Bureau. 


The Vietnamese side only announced the signing of a joint statement and expressed a desire to obtain the status of a market economy, as well as to lift restrictions on the export of American technologies.


Experts emphasize that the US trade agreements with Vietnam and the UK demonstrate a strategy of pressure on China. The possible inclusion of provisions to restrict ownership of enterprises could set a precedent for Southeast Asian countries and undermine the Chinese model of offshore production.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.