President Donald Trump announced on Wednesday via Truth Social that the United States and Vietnam have reached a framework agreement for a new bilateral trade deal, outlining key tariff provisions and expanded market access for U.S. exporters.
Under the terms of the agreement, all imports from Vietnam into the United States will be subject to a 20% tariff, according to the President’s statement. In return, the U.S. will gain what Trump described as “total access” to Vietnamese markets, including zero-tariff privileges for U.S. exports entering Vietnam.
The announcement also referenced a 40% tariff on transshipped goods, though further details regarding implementation and scope were not disclosed.
“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,” Trump posted.
The deal was finalized just one week before the expiration of the Trump administration’s 90-day moratorium on country-specific reciprocal tariffs, scheduled to end on July 9. Prior to the agreement, imports from Vietnam were facing the possibility of a 46% tariff if no deal was reached.
Vietnam is the third country, following the United Kingdom and China, to negotiate a bilateral arrangement under the new U.S. tariff framework.
According to data from the U.S. International Trade Commission, Vietnam accounted for approximately 3% of total U.S. trade in 2024. Last year, Vietnam exported $137 billion in goods to the United States, while U.S. exports to Vietnam totaled around $13 billion.
The agreement signals a significant shift in U.S.–Vietnam trade relations and is expected to have a notable impact on global supply chain strategies, particularly in sectors such as textiles, electronics, and consumer goods.
Source: https://www.supplychaindive.com/news/us-vietnam-agree-trade-deal-framework-tariffs/752219/
𝐀𝐋𝐒 – 𝐓𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐨𝐟 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬
Air cargo tonnages softened in the third week of July from most of the world’s main regions, with few signs of any last-minute surge in tonnages ahead of the latest US tariff...
Global airfreight rates held firm during the second full week of July, despite a second consecutive week of declining worldwide flown tonnages—driven largely by weakening...
Global airfreight rates experienced a modest decline last week, consistent with the sector’s typical mid-summer lull. According to the latest market intelligence from the...
At first glance, the transatlantic air cargo market appears calm—characterized by relatively stable capacity and freight rates. However, beneath this surface-level stability,...
Amid mounting global pressure on the airfreight industry to modernize, harmonize, and decarbonize, a newly signed memorandum of understanding (MoU) between Air Cargo Forum...
Global air cargo rates continued to fall in June as excess capacity, tariff uncertainty, and deteriorating consumer demand weighed heavily on the market. According to the...
Worldwide air cargo rates held firm in the second full week of July, despite a second consecutive week-on-week (WoW) small drop in overall global flown tonnages, with volumes...
On July 15, the U.S. and Indonesia finalized a deal setting a 19% reciprocal tariff, scaling back from the previously proposed 32%. In response to the proposed 30% U.S. tariff,...
As Southeast Asia continues to assert its influence in the global logistics ecosystem, Singapore is positioning itself as the definitive hub for shaping the region’s air cargo...
Despite the implementation of elevated import tariffs, U.S. air cargo imports experienced a notable year-on-year increase in April and May 2025, driven largely by strategic...
ALS