President Trump on Wednesday announced a trade deal has been struck with Vietnam, days before the pause on reciprocal tariffs is set to expire.
“I just made a Trade Deal with Vietnam. Details to follow!” he said on Truth Social.
Vietnam exports goods like apparel, including clothing and footwear, and electrical machinery to the U.S. The total in U.S. goods imports from Vietnam was over $136 billion in 2024 while the U.S. good exports to Vietnam was just over $13 billion, according to the U.S. Trade Representative. The U.S. goods trade deficit with Vietnam was over $123 billion.
The White House and Treasury Department did not immediately respond to a request for comment on the announcement.
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