Vietnamese goods would face a 20% tariff and trans-shipments from third countries through Vietnam will face a 40% levy, he said. Vietnam could import US products with a zero percent tariff, he added.
"It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam," Trump said on Truth Social, after speaking with Vietnam's top leader, To Lam.

Trump's announcement comes just days before a July 9 deadline before he ramps up tariffs on most imports, one of the Republican's signature economic policies. The Vietnamese government did not confirm the specific tariff levels in a statement celebrating what it described as an agreement on a joint statement about a trade framework.

--Reuters--