• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Asia

Trump announces trade deal with Vietnam that will let U.S. goods into country duty-free

July 2, 2025
in Asia
Reading Time: 2 mins read
A A
0
Trump announces trade deal with Vietnam that will let U.S. goods into country duty-free
1
SHARES
2
VIEWS
Share on FacebookShare on Twitter


President Donald Trump. File
| Photo Credit: AP

President Donald Trump announced a trade deal with Vietnam on Wednesday (July 2, 2025) that would allow U.S. goods to enter the country duty-free.

Vietnamese exports to the United States, by contrast, would face a 20% levy.

On his Truth Social platform, Mr. Trump declared the pact “a Great Deal of Cooperation between our two Countries”.

In April, Mr. Trump announced a 46% tax on Vietnamese imports — one of his so-called reciprocal tariffs targeting dozens of countries with which the United States runs trade deficits.

Mr. Trump promptly suspended the reciprocal tariffs for 90 days to allow for negotiations like the one with Vietnam. The pause expires Tuesday (July 1, 2025), but so far, the Trump administration has reached a trade agreement with only one of those countries — the United Kingdom. (Mr. Trump has also reached a “framework” agreement with China in a separate trade dispute.)

“Vietnam has been very keen to get out from under this,” said Mary Lovely, senior fellow at the Peterson Institute for International Economics. “This is forcing a smaller country to eat it, basically. We can do that. It’s the big countries that everybody’s keeping their eyes on.”

She doubts that Mr. Trump will be able to impose such a lopsided agreement on big trading partners such as the European Union and Japan.

The United States last year ran a $122 billion trade deficit with Vietnam. That was the third-biggest U.S. trade gap — the difference between the goods and services it buys from other countries and those it sells them — behind the ones with China and Mexico.

In addition to the 20% tariffs, Mr. Trump said the U.S. would impose a 40% tax on “transshipping” — goods from another country that stop in Vietnam on their way to the United States. Washington complains that Chinese goods have been dodging higher US tariffs by transiting through Vietnam.

In May, Vietnam approved a $1.5 billion project by the Trump Organisation and a local partner to build a massive golf resort complex near Hanoi, covering an area roughly the size of 336 football fields.

Vietnam was a beneficiary of American efforts to counter China’s influence. Companies looking to diversify their supply chains away from China flocked to Vietnam.

In 2023, it became the only country to host both President Joe Biden and Chinese leader Xi Jinping on state visits. That year, the US upgraded Vietnam to its highest diplomatic status — comprehensive strategic partner — placing it on par with China and Russia.

Published – July 03, 2025 12:09 am IST

Previous Post

Amid severe heat wave, EU pitches flexible 2040 climate goal – DW – 07/02/2025

Next Post

Trump’s One Big Beautiful Bill: What’s actually in it, explained

Related Posts

Russian interference expected in election on Ukraine’s border

Russian interference expected in election on Ukraine’s border

July 3, 2025
7
India’s Global South Outreach: Symbolic Solidarity or Strategic Shift?

Symbolic Solidarity or Strategic Shift? – The Diplomat

July 3, 2025
5
Next Post
Trump’s One Big Beautiful Bill: What’s actually in it, explained

Trump’s One Big Beautiful Bill: What’s actually in it, explained

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Chicago police say a shooting has wounded multiple people

Chicago police say a shooting has wounded multiple people

July 3, 2025

Trump speaks with GOP holdouts blocking his megabill in early-morning call

July 3, 2025
Russian interference expected in election on Ukraine’s border

Russian interference expected in election on Ukraine’s border

July 3, 2025
Beachgoers look on as wildfires burn in Greece

Beachgoers look on as wildfires burn in Greece

July 3, 2025

Recent News

Chicago police say a shooting has wounded multiple people

Chicago police say a shooting has wounded multiple people

July 3, 2025
5

Trump speaks with GOP holdouts blocking his megabill in early-morning call

July 3, 2025
6
Russian interference expected in election on Ukraine’s border

Russian interference expected in election on Ukraine’s border

July 3, 2025
7
Beachgoers look on as wildfires burn in Greece

Beachgoers look on as wildfires burn in Greece

July 3, 2025
7

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Chicago police say a shooting has wounded multiple people

Chicago police say a shooting has wounded multiple people

July 3, 2025

Trump speaks with GOP holdouts blocking his megabill in early-morning call

July 3, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co