President Donald Trump just dropped a bombshell trade deal with Vietnam that could reshape the economic landscape.
The Daily Caller reported that this historic pact, announced on Wednesday, grants the United States unprecedented access to Vietnam’s markets while imposing hefty tariffs on its goods entering our shores.
Let’s rewind to earlier this year when Trump was already making waves with a landmark deal with the United Kingdom, dubbed by the president himself as a “historic agreement.”
That set the stage for his latest triumph. Now, with Vietnam, we’re seeing a pattern of bold, America-first negotiations.
Trump personally hammered out this agreement with To Lam, whom he called the “highly respected General Secretary of the Communist Party of Vietnam.”
Sounds like a diplomatic bromance, but let’s hope it’s all business. The deal’s specifics show the U.S. isn’t playing soft.
Vietnam will shell out a 20% tariff on all goods sent to American territory, and a whopping 40% on transshipping, as Trump proudly stated, “Vietnam will pay the United States.” That’s a hefty price tag for access to our consumers. One has to wonder if Hanoi knew what they were signing up for.
Meanwhile, American businesses get to sell into Vietnam with zero tariffs—yes, you heard that right, “zero tariff,” as Trump put it. This is the first time the U.S. has had full market access there. It’s a win for American entrepreneurs looking to expand without the usual red tape.
Trump seemed particularly excited about American SUVs rolling into Vietnam, noting they “will be a wonderful addition” to their product lines.
Picture this: Hanoi streets filled with American muscle cars. It’s almost poetic, if you ignore the decades of complicated history.
This deal isn’t just a one-off; it’s part of Trump’s broader strategy to renegotiate trade across the globe. He’s playing hardball, and Vietnam’s market access at zero cost to us proves it. Meanwhile, their tariffs are “filling up the coffers of Treasury,” as Trump boasted on Wednesday.
But let’s not get too cozy with international handshakes just yet. Trump’s administration is still wary of easing up on China, even after Bloomberg reported details of a trade framework on Thursday. Hesitation on countermeasures shows not everyone gets a free pass.
Then there’s the United Kingdom deal from May, another feather in Trump’s cap. He’s stacking up these agreements like a poker champion. It’s clear the man’s on a mission to rewrite global trade rules.
Contrast that with Canada, where Trump dropped a bombshell on Friday, declaring, “we are hereby terminating all discussions.” That’s a cold shoulder if there ever was one. He promised to reveal the tariff Canada will face by the following Friday, hinting at a steep price for doing business with us.
Trump’s not stopping there; he’s already extended a tariff deadline from early June to July 9. After that date, nations without prior trade deals will face a staggering 50% tariff. It’s a clear message: get on board or get left behind.
Back to Vietnam, the deal’s “great deal of cooperation,” as Trump called it, might just be a model for future negotiations. But let’s not pretend this is charity. It’s a calculated move to boost American leverage while others foot the bill.
Critics might argue this hardline stance risks alienating allies, but supporters see it as putting American workers first. After years of what many conservatives view as unbalanced trade policies favoring globalist agendas, this feels like a course correction. The question is whether the long-term gains match the short-term bravado.