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Trump: Vietnam will pay a 20% tariff on exports to the US and fully open its market to the US

律动BlockBeats
律动BlockBeats|Jul 02, 2025 14:53
BlockBeats news, on July 2nd, US President Trump said: "I just reached a trade agreement with Vietnam. This will be a lot of cooperation between our two countries. The terms stipulate that Vietnam will pay a 20% tariff to the US on any goods entering our territory, and impose a 40% tariff on any transit goods. In return, Vietnam will do something unprecedented, which is to fully open its market to the US for trade. In other words, they will 'open their market to the US', which means we will be able to sell our products to Vietnam with zero tariffs. In my opinion, SUV cars have performed very well in the US market and will become a great addition to various product lines in the Vietnamese market. (Golden Ten)
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