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They say you can’t win ’em all, but President Donald Trump certainly seems to be racking up a significant number of wins of late.
While we await a final vote in the House on the One Big Beautiful Bill, and while the White House reportedly has been meeting with House Republicans who aren’t committed to voting for its passage, the president took to Truth Social to announce that the administration has secured a trade deal with Vietnam.
— Rapid Response 47 (@RapidResponse47) July 2, 2025
Less than 20 minutes later, Trump delivered with additional details:
— Rapid Response 47 (@RapidResponse47) July 2, 2025
The full post reads:
It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam. It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade. In other words, they will “OPEN THEIR MARKET TO THE UNITED STATES,” meaning that, we will be able to sell our product into Vietnam at ZERO Tariff. It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam. Dealing with General Secretary To Lam, which I did personally, was an absolute pleasure. Thank you for your attention to this matter!
