The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products.He said that under the "Great Deal of Cooperation,

Vietnam's economy surged by 7.52% in the first half of 2025, marking its fastest growth in over a decade, fueled by robust exports. A recent trade dea