Posted on 07/02/2025 8:44:16 AM PDT by DFG
President Trump announced Wednesday that US negotiators have reached a tentative trade deal with Vietnam – America’s seventh-largest trade partner and a major manufacturing hub.
“It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam,” Trump wrote on Truth Social.
“It will be a Great Deal of Cooperation between our two Countries. 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.”
Trump had announced a new 46% tariff rate on Vietnam in his April 2 “Liberation Day” announcement of looming “reciprocal” tariffs, but temporarily reduced the levy to an elevated 10% baseline to allow time for negotiations.
The deal announced by Trump indicates that the Vietnamese exports will be charged a higher rate than they have been during the negotiating period.
“In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade,” Trump wrote.
“In other words, they will ‘OPEN THEIR MARKET TO THE UNITED STATES,’ meaning that, we will be able to sell our product into Vietnam at ZERO Tariff. It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam.”
(Excerpt) Read more at nypost.com ...
100 million poor people. What are they going to buy? Food? Just drives up our prices.
Surplus claymores?
Make stuff here.
except you point out more than just the apparel market
Re: clothing
For what it’s worth, on another topic (not Vietnam) a few weeks ago I heard President Trump answering a question by saying he’s not so interested in making socks and clothing in the USA. He said there are countries that have the art of mass producing such items perfected and while we could do it, there’s other more profitable products we should focus on making here in the USA.
Get rich with one way trade with the USA. Been there done that. How much wealth can be transferred out of the USA and remain viable.
Congress will have to fix the laws first. You can’t even smelt lead to make a lead-acid battery in the US any more because of laws Congress passed.
Might want to compare a picture of modern day downtown Saigon to modern day downtown Detroit... then ask who the real poor people are.
There is no process that can’t be perfected by the USA.
? Hmm.
How many products contain lead? Your argument is a simplistic red herring.
Clearly you are advocating for a COMMUNIST country. Perhaps paid lobbyist. You care too much.
There is no process that can’t be perfected by the USA.
as was stated
“....and while we could do it, there’s other more profitable products we should focus on making here in the USA”
How many products contain lead? Your argument is a simplistic red herring.
Not sure about lead but they may contain mercury as with most fish (according to claims)
That is just one single but widely used item, and low enough yet important tech that we all depend on.
I am saying that if we can’t re-onshore something immediately, would it not be better to move it from an actively hostile deeply Communist country to a friendly, only nominally Communist country, thus depriving the first country of support, intel and tech?
except that there are people who are functioning at the sock making level who need jobs that are simple and straightforward to have and maintain dignity and pull a paycheck.
We need those jobs as well if not more that we need other jobs.
So long as we can balance the trade, no problem.
hmmm, can you expound on this with some examples? I was thinking there were things we did not make here because it was cheaper to make overseas, but not because we forbade it by law. That does seem like shooting oneself in the foot.
Does Vietnam have homeless people living on the streets like in LA and San Francisco? A farmer without many worldly goods living out where the air is clean has a much better life style than a drug addict lying on a sidewalk in LA.
So many Americans just don't get this. Most of the things Americans associate with a high standard of living, just don't matter in much of the world. To broadly generalize, beyond a roof over their head and food on the table, they focus on family and community. "Freedom" isn't something they think about much, yet somehow when I travel to these "poor" countries, they seem happier and healthier than Americans.
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