Trump Says US–Vietnam Trade Deal Nearly Complete

Without the deal, Vietnamese products entering the United States would have been subject to a 46 percent blanket tariff from Aug. 1.

President Donald Trump speaks with members of the media before boarding Marine One on the South Lawn of the White House in Washington on July 15, 2025. Mehmet Eser/Middle East Images via AFP via Getty Images

U.S. President Donald Trump said on Tuesday that the trade deal between the United States and Vietnam was nearly complete, the same day he announced a new deal with Indonesia.

Speaking to reporters at Joint Base Andrews near Washington, Trump said he could disclose details of the Vietnam deal but did not believe it was necessary.