Trump says Vietnam will pay US 20% tariff on all goods sent into US


Reuters | Updated: 02-07-2025 20:35 IST | Created: 02-07-2025 20:35 IST
Trump says Vietnam will pay US 20% tariff on all goods sent into US

President Donald Trump said on Wednesday that Vietnam will pay a 20% tariff on all goods sent to U.S. territory and a 40% tariff on transshipping as part of a trade deal.

"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," he said in a truth social post.

"They will 'OPEN THEIR MARKET TO THE UNITED STATES,' meaning that, we will be able to sell our product into Vietnam at ZERO Tariff."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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