President Donald Trump just dropped a bombshell trade deal with Vietnam that’s got the economic world buzzing, according to The Daily Caller.
Announced on Wednesday, this landmark agreement with the Socialist Republic of Vietnam opens up their markets to American goods at zero tariffs while slapping hefty fees on Vietnamese products entering the U.S., alongside other strategic moves in Trump’s global trade chess game.
Let’s rewind to April, when Trump hopped on a call with To Lam, Vietnam’s top Communist Party official, to kickstart trade talks.
Reports suggest Vietnam was eager to slash tariffs to nothing, as Trump noted they wanted to “cut their tariffs down to zero.” Well, they got their wish—for American goods, that is, while we’ve got them footing a steep bill on the flip side.
Fast forward to Wednesday, and Trump sealed the deal, calling it a “Great Deal of Cooperation” between the two nations. That’s an understatement when you consider the U.S. now enjoys total access to Vietnam’s markets for the first time ever. It’s a win for American businesses looking to expand without the usual red tape.
Under the terms, Vietnam will shell out a 20% tariff on all goods shipped to U.S. soil, and a whopping 40% on any transshipping maneuvers.
Trump didn’t mince words, stating they’d pay these fees on “any and all goods” entering our territory. That’s a hefty price tag designed to protect American interests, and it’s hard to argue with the logic of leveling the playing field.
Meanwhile, U.S. products like SUVs are set to roll into Vietnam tariff-free, with Trump touting how they’ll be a “wonderful addition” to their market. Imagine American-made vehicles cruising Hanoi streets without a penny of extra cost—now that’s a picture of economic strength.
Trump’s personal touch in negotiations with To Lam shows he’s not just delegating but diving into the nitty-gritty of these deals.
He even expressed eagerness to meet Lam in person down the line. That kind of direct diplomacy is a refreshing change from the endless bureaucratic shuffle we often see.
This Vietnam pact isn’t a standalone win—it’s part of Trump’s bigger trade blueprint. Take the “historic agreement” with the United Kingdom in May, a deal Trump hailed as groundbreaking. It’s clear he’s building a web of alliances to boost American leverage on the world stage.
Then there’s China, with Bloomberg reporting on Thursday that their trade framework details with the U.S. are now confirmed. Yet, the Trump administration remains cautious about easing up on countermeasures against Beijing. That’s a smart play—why let off the pressure when you’ve got the upper hand?
Contrast that with Canada, where Trump dropped a bombshell on Friday, declaring an immediate end to all trade talks. He didn’t hold back, announcing, “we are hereby terminating all discussions” with our northern neighbor. That’s a bold move, signaling no patience for drawn-out negotiations that don’t serve American workers.
Trump promised to reveal the tariff Canada will face to do business with the U.S. by the following Friday. He framed it as the cost they’ll pay to access our markets, a reminder that fair trade isn’t a freebie. It’s a tough stance, but one that prioritizes American jobs over appeasement.
Let’s not forget the broader tariff deadline Trump extended from June 1 to July 9 for countries to finalize trade deals with the U.S. After that cutoff, nations without agreements will face a punishing 50% tariff. It’s a clear message: get on board or get left behind in the global trade race.
Trump summed up the impact of his trade policies on Wednesday, noting that “hundreds of billions” in tariffs are pouring into the U.S. Treasury.
That’s real money funding our nation’s needs, not just pocket change. While some critics might cry foul over high tariffs, this cash flow strengthens our economic backbone without bowing to globalist pressures.