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International Business Times

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Trump Says Vietnam To Face 20% Tariff Under 'Great' Deal

Donald Trump Vietnam United States

US President Donald Trump announced that Vietnam, a global manufacturing hub dependent on exports, has struck a trade deal that would see its exports to the United States face a minimum 20 percent tariff, while opening its market to US products (Credit: AFP)

President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products.

The deal comes less than a week before Trump's self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if agreements are not reached.

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