DELIVERING RECIPROCAL TRADE: President Donald J. Trump announced a trade deal that will provide Americans with unprecedented levels of market access once considered impossible. The United States and the Socialist Republic of Viet Nam (Viet Nam) agreed to a Framework for an Agreement on Reciprocal, Fair and Balanced Trade, which will provide American exporters access to Viet Nam’s market while bolstering U.S. national and economic security.
Key terms of the U.S.-Viet Nam Agreement on Reciprocal, Fair, and Balanced Trade will include:
- Tariffs:
- Viet Nam will provide preferential market access for U.S. exports by removing tariffs on almost all goods, including food and agricultural products, which will create commercially meaningful market access opportunities for the full range of U.S. exports, supporting high-quality American jobs.
- The United States will maintain the 20 percent reciprocal tariff rate for imports of Vietnam and will identify products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero percent reciprocal tariff rate.
- Breaking Down Non-Tariff Barriers for U.S. Industrial Exports: Viet Nam will address a range of non-tariff barriers, including by: (1) accepting vehicles built to U.S. motor vehicle safety and emissions standards; (2) allowing imports of remanufactured goods from the United States; (3) approving pending marketing authorizations for U.S. medical devices that are legally approved or cleared in the United States and previously marketed in Viet Nam, as well as expediting approvals for new import licenses applications; (4) streamlining regulatory requirements and approvals for U.S. pharmaceutical products extending the valid time periods for import licenses for goods with cryptography; and (5) fully implementing certain international intellectual property treaties, including the World Intellectual Property Organization Internet Treaties. The United States and Viet Nam will continue to finalize outstanding issues to address barriers for U.S. exports.
- Breaking Down Non-Tariff Barriers for U.S. Agriculture Exports: The United States and Viet Nam will address and prevent barriers to U.S. agricultural products in the Vietnamese market, including with regard to U.S. regulatory oversight, and Viet Nam continuing to accept certificates issued by U.S. regulatory authorities, facilitate trade in agricultural products, and maintain access for U.S. agricultural goods, including for specialty cheeses and meats. Viet Nam has already improved access for U.S. peaches and nectarines through its agreement to a systems approach.
- Removing Barriers for Digital Trade, Services, and Investment: The United States and Viet Nam will continue to finalize commitments on digital trade, services, and investment. Viet Nam committed to refrain from imposing customs duties on electronic transmissions, and affirmed that it does not require licenses for cross-border data transfers out of Viet Nam.
- Economic Security Alignment: The United States and Viet Nam are committed to strengthening cooperation to increase supply chain resilience. This includes addressing duty evasion and cooperating on export controls and investment security.
- Strengthening Environmental Enforcement: Viet Nam has committed to adopt and maintain high levels of environmental protection and to effectively enforce its environmental laws.
- Confronting State-Owned Enterprises: Viet Nam has committed to address market distorting behaviors of its state-owned enterprises when engaging in commercial activities.
- Notching Commercial Deals: The United States and Viet Nam take note of commercial deals in the areas of agriculture, aerospace, and energy, which will further increase U.S. exports to Viet Nam.
THE PROSPEROUS PATH FORWARD: In the coming weeks, the United States and Viet Nam will continue negotiations and finalize the Agreement on Reciprocal, Fair, and Balanced Trade in order to lock in benefits for American businesses.
- The United States and Viet Nam will continue to engage, through the negotiations, to address intellectual property, labor, customs, and good regulatory practices. The Agreement will enable U.S. farmers, ranchers, fishers, manufacturers, and small businesses to increase U.S. exports and expand business opportunities, and it will help reduce the goods trade deficit with Viet Nam.
- The United States currently runs its third-largest goods trade deficit with Viet Nam. The U.S. total goods trade with Viet Nam was $123.5 billion in 2024.
LIBERATING AMERICA FROM UNFAIR TRADE PRACTICES: President Trump challenged the assumption that American workers and businesses must tolerate unfair trade practices that have disadvantaged them for decades and contributed to our historic trade deficit.
- On April 2, President Trump declared a national emergency in response to the unprecedented threat caused to the United States by the large and persistent U.S. trade deficit caused by a lack of reciprocity in our bilateral trade relationships, disparate unfair tariff rates and non-tariff barriers, and U.S. trading partners’ economic policies that suppress domestic wages and consumption.
- President Trump continues to advance the interests of the American people and our agricultural sector by removing tariff and non-tariff barriers and expanding market access for American exporters.
- Today’s announcement provides a tangible path forward with Viet Nam that underscores the President’s dedication to bringing balanced, reciprocal trade with an important trading partner.
