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Trump says US has reached trade deal with Vietnam

( July 2, 2025, 15:25 GMT | Official Statement) -- MLex summary: President Donald Trump said the US has reached a trade agreement with Vietnam just days before a deadline for "reciprocal" tariffs is set to resume on dozens of countries. Trump said on Truth Social that he spoke with Vietnamese General Secretary Tô Lâm, who agreed to pay a 20 percent tariff on all exports to the US and 40 percent on any goods that are illegally trans-shipped. Trump said Vietnam will in return open up its market and allow US goods to enter at a zero percent rate. Vietnam had faced a 46 percent "reciprocal" tariff rate on July 9.Statement follows: ...

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