U.S., Viet Nam agree on framework for agreement on trade, tariffs

The United States of America and the Socialist Republic of Viet Nam have agreed to a Framework for an Agreement on Reciprocal, Fair, and Balanced Trade to strengthen their bilateral economic relationship, which will provide both countries’ exporters access to each other’s markets. Key terms of the Agreement on Reciprocal, Fair, and Balanced Trade between the United States and Viet Nam will include: Viet Nam will provide preferential market access for substantially all U.S. industrial and agricultural exports to Viet Nam; The United States will maintain at 20 percent the reciprocal tariffs, as set forth in Executive Order 14257 of April 2, 2025, as amended, on originating goods of Viet Nam, and will also identify products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero percent reciprocal tariff rate.