President Trump negotiated a FANTASTIC trade deal with General Secretary Tô Lâm

Earlier, at 9:00 AM on July 2 (local U.S. time), General Secretary Tô Lâm held a phone call with the U.S. President Donald Trump to discuss Vietnam–U.S. relations and negotiations on reciprocal tariffs between the two countries.

Shortly after, at 10:25 AM on July 2 (local U.S. time), President Donald Trump posted on the social media platform Truth Social that he had just reached a trade agreement with Vietnam.

The social post of Trump president

President Trump went on to share the following details: “This will be a fantastic cooperative agreement between our two nations. Under the terms of the deal, Vietnam will be subject to a 20% tariff on all goods entering the United States and a 40% tariff on transshipped goods.” These figures represent a notable reduction compared to the previously announced 46% blanket tariff  on 2th April by president Trump, signaling a more balanced and pragmatic approach to strengthening trade relations between the two countries. 

On the Vietnam side, in a bold and unprecedented move, Vietnam has agreed to grant the United States full market access for trade. In other words, the Vietnamese market will now be open to U.S. products with zero tariffs. This is a historic shift in bilateral trade, paving the way for stronger cooperation and new opportunities for American exporters.

Promising Outlook for Vietnam–U.S. Trade 

Although this has not yet been made official, the positive signals from strengthened economic cooperation between Vietnam and the United States. Particularly the potential for increased export volume are seen as promising for both nations. These developments suggest a new era of economic engagement, opening the door for deeper trade relations and mutual growth in the coming years.

Vietnam’s seafood industry is expected to be one of the key beneficiaries of the newly announced tariff reduction. With the U.S. lowering tariffs from the previously proposed 46% down to 20%, Vietnamese seafood exporters now have a stronger competitive edge in the American market. This opens the door for increased export volume, especially for high-demand products such as shrimp, pangasius, tuna, and clams.

The improved trade terms not only allow Vietnamese producers to expand their reach into U.S. supply chains, but also create incentives for boosting domestic production, upgrading processing technologies, and meeting higher quality standards. For many seafood enterprises, this is a timely opportunity to scale up operations, attract foreign investment, and strengthen long-term trade partnerships.

Don’t hesitate to contact us to explore more Vietnam shrimp!

Mr. Hoang Duy – Commercial Director

Mobile/WhatsApp/Wechat: + 84 903 872 469

Email: hoang@mekseaconnection.com

Joy Nguyen  (Meksea Team)

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