US–Vietnam Trade Deal Creates Stability for US Retailers: BofA Analyst

Vietnam is the ‘most important country’ for many U.S. retailers when it comes to apparel and footwear, the analyst said.

Employees prepare Lego packages on a production line in Binh Duong Province, Vietnam, on April 9, 2025. AFP

The trade deal between the United States and Vietnam has created a sense of cost certainty in the U.S. retail sector as businesses place their holiday orders with manufacturers, Bank of America retail analyst Lorraine Hutchinson said during a July 8 interview with CNBC.

On July 2, the two countries signed a trade agreement under which U.S. goods would face zero tariffs in the Asian nation while goods shipped to the United States would be subject to a tariff of 20 percent.