President says Vietnamese exports to US will be subject to 20% levy

US president says goods from Vietnam will face 20% tariff, a lower rate than 46% levy he announced in April

President Donald Trump said on Wednesday that the US will charge 20% tariffs on imports from Vietnam under a new trade deal reached during last-minute negotiations.

A pause on Washington’s 46% tariffs on Vietnamese imports is set to expire next month. In Hanoi, businesses have been working to diversify and cushion the impact of the US measures.

US President Donald Trump’s 46 per cent so-called ‘reciprocal’ tariff on Vietnamese exports, initially intended to be effective from 9 April 2025, has been paused for 90 days. While the pause alleviates immediate pressure, this period highlights the structural vulnerabilities of Vietnam’s export-driven…

Washington is driving a hard bargain in its ongoing trade and tariff negotiations with Hanoi.

Vietnam is among six countries the U.S. has prioritized for negotiations on trade tariffs, with the first round scheduled for Wednesday, Prime Minister Pham Minh Chinh said.

The next three months offer a rare chance for the US to turn tariff tensions into a durable framework for fairer trade.

Trade-reliant Southeast Asian country is facing a 46 percent levy under Trump’s so-called ‘reciprocal’ tariffs.

The Southeast Asian country is hoping for a reprieve from 46 percent duty, which would pummel its export-reliant economy.

US President Donald Trump’s sweeping tariffs targeting most of the world are now in effect – and outside China, no other region has been hit as hard as South East Asia.

Vietnam’s offer to lower its trade barriers to delay the implementation of U.S. President Donald Trump’s « reciprocal » tariffs has been rejected by a White House adviser.

 U.S. and Vietnamese businesses have asked the Trump administration to delay its planned 46% tariff on Vietnamese goods, saying the levy will hurt them and bilateral commercial relations.

Vietnam’s Minister of Industry and Trade Nguyen Hong Dien has formally requested that the U.S. delay the imposition of a 46-percent reciprocal tariff on imports from Vietnam, citing the need for time to hold discussions and pursue mutually beneficial solutions.

The country is among the world’s most trade-dependent nations, with exports equivalent to about 90 per cent of gross domestic product last year.

The window for tariff negotiations with the United States is still wide open, but it is likely that exports will be strongly affected, putting pressure on the exchange rate.