Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Reuters: The Rapid Support Forces announced that they have taken over the headquarters of the Sudanese Armed Forces in al-Fasher.
Al Mayadeen correspondent: An Israeli drone strike targeted the town of Al-Qlailah, Southern Lebanon.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strikes town of Harouf, Nabatieh district.
Factions' statement: The attendees agreed to support and continue implementing the ceasefire agreement measures, including the withdrawal of the occupation and lifting the siege.
Factions' statement: Calling for an end to all forms of torture and violations against prisoners in occupation prisons and the necessity of obligating the occupation to do so.
Statement: The current moment is crucial, making the meeting a true turning point toward national unity in defense of our people and their right to life, dignity, and freedom.
Factions' statement: Call for an urgent meeting of all Palestinian forces and factions to agree on a national strategy.
Factions' statement: Continuing joint work to unify visions and positions to confront the challenges facing the Palestinian cause.
Statement of the factions: Emphasis on the unity of the Palestinian political system and the independent national decision.
Statement: Approval to establish an international committee to oversee the financing and implementation of the reconstruction of the Gaza Strip.

Trump imposes 20% tariff on Vietnam, secures zero-tariff access

  • By Al Mayadeen English
  • Source: Agencies
  • 2 Jul 2025 20:59
3 Min Read

Trump announces a new trade deal with Vietnam, imposing a 20% tariff on exports to the US while securing zero-tariff access for American goods in Vietnam.

Listen
  • x
  • US President Donald Trump speaks to the media before walking across the South Lawn of the White House to board Marine One en route to Joint Base Andrews, Md., and on to Florida, Tuesday, July 1, 2025, in Washington (AP)
    US President Donald Trump speaks to the media before walking across the South Lawn of the White House to board Marine One en route to Joint Base Andrews, Md., and on to Florida, Tuesday, July 1, 2025, in Washington (AP)

US President Donald Trump announced on Wednesday a new trade agreement with Vietnam that will impose a 20% tariff on all Vietnamese exports to the United States, while granting American goods zero-tariff access to Vietnamese markets.

In a statement published on his Truth Social platform, Trump said the deal was reached following a phone call with the General Secretary of the Communist Party of Vietnam, To Lam. He emphasized that Vietnam would now “open their market to the United States,” giving US products full access without any tariffs.

"The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will … give the United States of America TOTAL ACCESS to their Markets for Trade," Trump stated.

'Fairer terms for American producers'

He added that this marked a significant shift in bilateral trade relations and would ensure fairer terms for American producers, especially amid concerns over transshipment practices used to bypass tariffs.

Related News

US may cut India tariff rate to 15-16%, according to Mint

Trump: No Gaza troops, no more arms to Ukraine, tariffs on China

Vietnam has now become the third country, after the United Kingdom and China, with which the Trump administration has revisited its trade framework since a new round of tariffs was rolled out over three months ago.

The announcement drew attention from economists and trade analysts who noted that such a deal, if implemented, would significantly alter the balance of trade between Washington and Hanoi, and may have broader implications for Southeast Asia’s export economy.

White House says July deadline for higher tariffs may be extended

On Thursday, White House Press Secretary Karoline Leavitt revealed that the Trump administration may push back a July 9 deadline for higher tariffs on imports from several countries.

While Trump has already implemented a broad 10% tariff on most US trading partners this year, he has temporarily paused more aggressive tariffs on dozens of economies to allow room for negotiations.

When asked whether the deadline could be extended, Leavitt responded, "Perhaps it could be extended, but that's a decision for the president to make," adding that the July 9 date is “not critical".

"The president can simply provide these countries with a deal if they refuse to make us one by the deadline,” she said, adding that this gives him the ability to impose a reciprocal tariff rate he believes benefits the country.

Leavitt also noted that US Trade Representative Jamieson Greer is actively engaged in talks and has held "good and productive discussions with many of our key trading partners."

Read more: US bill proposes 500% tariffs on nations trading with Russia

  • Donald Trump
  • Vietnam
  • United States
  • US tariffs

Most Read

From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Undated photo of Hanwha Ocean’s Goeje Shipyard in South Korea (Hanwha Ocean)
Politics

China counters US maritime bloc with sanctions on Hanwha Ocean

Catherine Connolly speaks after being after being elected as the new President of Ireland at Dublin Castle, Ireland, Saturday, Oct. 25, 2025. (AP)
Politics

Connolly wins Irish presidency in blow to political establishment

Buildings destroyed during the Israeli air and ground offensive are seen in the Al-Shati camp, in Gaza City, Friday, Oct. 24, 2025. (AP)
Politics

'Israel's' post-ceasefire demolitions in Gaza violate agreement: Hamas

Iran's Foreign Minister Abbas Araghchi attends the 17th annual BRICS summit in Rio de Janeiro, Brazil, July 7, 2025 (AP)
Politics

Iran’s Araghchi: Our nuclear bomb is resilience, not weapons

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS