Us-vietnam trade deal: The trade agreement has been reached between the US and Vietnam. After this, now 20 percent tariffs will be imposed on the goods being exported to the South-East Asian country of America. In this agreement, it was also decided that zero tariffs will be imposed on goods to be exported from America in Vietnam.

American goods will be attached to zero tariff

Trump announced this on Truth social and said that with this agreement, America will get tariff-free access in the markets of Vietnam. Vietnam has also agreed that 40 percent tariffs will be imposed in terms of trans-appearance from another country. That is, if the goods sent from another country come to Vietnam for final shipment in America, then 40 percent tariff will be imposed on it.

Vietnam was on 46 percent recipes on Tariff

Let me tell you that earlier in April, Trump had imposed 46 percent tariff on Vietnam under reciperook tariff. Then on April 9, giving relief from heavy tariffs to many other countries including Vietnam, reduced the tariff rate for 90 days and put a baseline tariff of 10 percent. Now this deadline of relief for 90 days is ending on 9 July.

Vietnam’s demand from America

Vietnam wants America to recognize him as a market economy so that products made in Vietnam will become more competitive in American markets. This will increase exports and will boost the economic development of the country. This will also invest more in Vietnam and this will give a boost to the supply chain. Not only this, if America recognizes Vietnam as a market economy, then the anti-dumping charges on Vietnam’s products will also decrease.

How much is there business in both countries?

Quoting the census bureau data, Reuters said in their report that Vietnam’s exports to the US in 2018 were $ 50 billion, which increased three times in 2024 to about $ 137 billion. At the same time, there has been an increase of only 30 percent in exports from America to Vietnam.

Eyes on India

Trump has recently indicated a trade deal with India as well. Recently, the US President while talking to reporters said, “Our agreement with India is going to be done. If this happens, the deal will be on very little tariff. ”This will make it easier for both countries to trade.

Also read:

Jock to Apple! FoxConn sent back Chinese engineers from India, iPhone 17 plan in balance

Donald Trump Tariff: Donald Trump is once again in the headlines for business policies. This time he has started dialogue with important business partners like India, Israel and Vietnam under the new tariff policy. On 2 April 2025, US President Donald Trump announced a new import duty (tariff) on India, Israel and Vietnam, which will be effective from April 9.

According to the announcement of Donald Trump, it has been announced to impose 26% on India, 46% on Vietnam and 17% on Israel. Trump argues that this policy is based on the principle of reciprocal trade, where the US should be exported equal or less.

Trump is talking to three countries including India

According to CNN report, America is holding active trade talks with representatives of India, Israel and Vietnam countries. Trump wants an agreement to be reached before the deadline so that the tariff can be postponed. According to Trump’s Truth Social Post, the General Secretary of the Communist Party of Vietnam has said that if there is an agreement with America, they are ready to reduce their tariffs up to zero. It is an indication that Vietnam can adopt a flexible stance on the deal.

India’s position on tariff

This tariff is particularly challenging for India as America is the largest export market in India. 26 percent import tax can have a profound impact on Indian industries, especially in areas such as textile, IT and pharma. Talking about Israel, Israeli officials have already expressed concern that American tariffs can damage the competition capacity of Israeli companies. With this, some companies may think of starting a manufacturing unit in the US.

Trump’s ‘Deal Making’ strategy

Donald Trump has always been putting forward the image of the deal maker. Talking to reporters, he said that every country is calling us. This is our beauty, we keep ourselves on the driver’s seat. They believe that tariff is a pressure weapon, so that countries can be brought to the table of negotiation.

Tiktok example given on tariff or technology

Giving the example of Tiktok, Donald Trump said that countries like China can also be ready to compromise in exchange for tariffs. This strategy is not only limited to trade, but it is also the scope of national security and technical companies. Apart from this, Trump’s son Eric Trump posted on X (East Twitter) that the country who will first interact, he will win, he will lose in the last, the statement makes it clear that there is a clear message from the US: to compromise or face losses quickly.

China and Canada’s response

While some countries are preparing for talks, China and Canada have clearly said that they will retaliate with American tariffs. This can create an atmosphere of potential business war.