SITUATION REPORT

Vietnam, U.S.: Hanoi Avoids 46% Tariffs With Trade Deal, but Lower Rate Still Spells Risk

Jul 2, 2025 | 19:17 GMT

The United States reached a trade deal with Vietnam that will see Washington lower its proposed 46% tariff rate on Vietnamese goods to 20% in exchange for Vietnam cutting tariffs on U.S. goods to zero, U.S. President Donald Trump announced in a July 2 post on Truth Social....

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