NEW U.S.-VIETNAM TRADE FRAMEWORK
The White House has announced a new bilateral trade framework with Vietnam, which includes the application of tariffs on U.S. imports from Vietnam and expanded market access for U.S. exports to Vietnam. According to public statements on social media, goods originating from Vietnam will be subject to a 20% tariff, while goods identified as transshipped may face a 40% tariff. In return, Vietnam is expected to grant U.S. products tariff-free access to its domestic market.
Vietnam was previously subject to a 46% U.S. import tariff under country-specific measures announced on April 2, 2025, which took effect on April 9 but were suspended the following day pending further negotiation.
U.S.-VIETNAM TRADE SNAPSHOT
In 2024, the United States exported about $13.1 billion in goods to Vietnam. Key exports included broadcasting equipment, raw cotton, semiconductors, agricultural products, and cosmetic ingredients. During the same period, the United States imported approximately $136.6 billion in goods from Vietnam, with leading categories including clothing, footwear, furniture, electronics, industrial machinery, and seafood products.
NEXT STEPS
Although formal documentation has not yet been released, the White House stated that this agreement follows direct discussions with Vietnam’s General Secretary To Lam. Officials noted that the expanded access could create new opportunities for U.S. exports, particularly in the automotive sector.
Additional guidance is expected as trade implementation terms are finalized. Importers and exporters are encouraged to monitor forthcoming details related to tariff administration, certificate of origin requirements, and any compliance mechanisms affecting shipments to or from Vietnam.
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