Trump announces trade deal with Vietnam, securing 'TOTAL ACCESS' to markets

President Donald Trump on Wednesday announced that he had reached a trade agreement with Vietnam to leave substantial tariffs on their goods in place and to secure full American access to that country's domestic markets.

"It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam," Trump posted on Truth Social. "It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade."

"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," he added. "It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam. Dealing with General Secretary To Lam, which I did personally, was an absolute pleasure. Thank you for your attention to this matter!"

The announcement marks one of the first major trade deals with a key American trading partner since Trump paused his "Liberation Day" tariffs to pursue long-term agreements with foreign partners.

He has already reached an agreement with the United Kingdom.