According to the Joint Statement on the Framework for a Reciprocal, Fair, and Balanced Trade Agreement between Vietnam and the United States, the U.S. will maintain a 20% retaliatory tariff on goods originating from Vietnam, as outlined in Executive Order 14257 dated April 2, 2025, and its subsequent amendments.
In an interview with Bao Nguoi Lao Dong, Dr. Ho Quoc Tuan, Senior Lecturer at the University of Bristol (UK), noted that the trade agreement with Vietnam mirrors those the U.S. has established with other countries, including ASEAN members like Cambodia and Malaysia.
On a positive note, the 20% tariff will apply exclusively to “goods originating from Vietnam.” Additionally, products listed in Annex III of Executive Order 14356 dated September 5, under the “Potential Tariff Adjustments for Like-Minded Partners,” may qualify for a 0% retaliatory tariff. This policy aligns with agreements the U.S. has signed with the UK.
Conversely, non-tariff barriers require further discussion, as several issues and service taxes remain under consideration.
“Vietnam must focus on boosting imports and exports post-initial negotiations to achieve double-digit export growth,” Dr. Ho Quoc Tuan emphasized.
The U.S. will maintain a 20% retaliatory tariff on goods originating from Vietnam.
According to Maybank Securities, the U.S.-Vietnam Trade Agreement Framework marks a significant diplomatic step, reducing initial tariff risks and solidifying Vietnam’s role in the global supply chain.
Factories ramp up production to export goods to the U.S. before higher tariffs take effect.
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