Vietnam talks trade with US, Trump, tariffs removed on some goods

The United States and Vietnam are set to finalize a trade agreement that will maintain 20 percent tariffs on most Vietnamese goods while lifting duties on certain products yet to be specified. In return, Vietnam has committed to offering preferential access for US goods. The two nations have agreed upon a framework aimed at achieving reciprocal, fair, and balanced trade relations. Initially announced by President Trump in July, the U.S. will keep its 20 percent tariff rate on Vietnamese goods but plans to reduce levies to zero on specific items. This agreement is expected to provide unprecedented market access for exporters from both countries.

Explore how the topics in this article connect to other news stories