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 ...
He should have negotiated use of their ports for our Navy just to blow the minds of the CHICOM military
See above - we can’t smelt lead for lead acid (car) batteries. We can’t make some kinds of computer chips because the manufacture process has hazardous chemicals and the EPA won’t allow it even if properly controlled and fully automated. True hexavalent chrome plating is banned in parts the US due to the toxic chemicals involved. Glock initially could not manufacture firearms in the US because their Tenifer finish, while non-toxic after manufacture, involved chemicals that are barred by law from being used in the US for manufacturing purposes. There’s no shortage of industrial processes that cannot be run in the US despite modern safety measures and emissions controls.
When a market is opened up, we will seek ways to enter it. We aren't going to make huge inroads to Vietnam in the short term, but we'll sell more than today. Vietnam is the 6th or 7th largest importer to the US, and growing as manufacturers leave China. A 20% tariff on those goods will bring in some money to the treasury, and possibly allow some US companies to compete for a piece of that business.
Yes, and they admit it - but they’re also working on the problem, unlike in LA/SF. Additionally, the percentage is reportedly *far* lower and you generally do not see them on the streets. Check out this Reddit post of a (presumedly) American asking the Vietnamese where all the homeless people are:
https://www.reddit.com/r/VietNam/comments/12v8xuu/where_are_the_homeless_people/
“They’re getting to the point where they’re almost Communist In Name Only.”
They already are!
I talked to a taxi driver last year and he was eager to talk about that. He said they wear the clothes of communism but deep down inside they’re avid capitalists.
In downtown Hanoi they had stores like Prada, Gucci, Vuitton and other top fashion brands.
It was a real eye opening trip. I totally recommend it. And there is a place called Ha Long bay that is truly beautiful.
It continues to make me wonder what would have happened if the State Department hadn’t been their blind Francophile selves and told Ho Chih Minh to screw off and go back to accepting the French as his overlords when he came to us as a WW2 ally that fought the Japanese alongside us but instead told France that no, they couldn’t have Indochina back.
Like any third-world nation looking to keep pace, machine tools, aircraft, trucks, and food.
Things they WON'T be buying from red China.
The MAGA mercantilists who think that exports are good and imports are bad don’t understand that this deal will actually help Vietnamese consumers — by increasing the merchandise that they receive from us in relation to the merchandise that they send to us.
That would be delightful.
No, it wouldn’t be better. That would be a dodge. You cannot give globalists an inch. They are state-less beigs that CANNOT BE TRUSTED.
MAKE.IT.ALL.HERE. No exceptions. Globalists had their way for 30 years, so now nationalists get to drive.
MAKE.IT.ALL.HERE. No exceptions.
I agree we should. But I also believe the leverage we have in trade is a very powerful tool for our nation.
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