After a phone call between Tô Lâm and President Donald J. Trump on July 2, 2025, during which Tô Lâm extended congratulations on U.S. Independence Day, both sides achieved a breakthrough in trade negotiations. According to the agreement, import tariffs on Vietnamese goods to the U.S. will be reduced from 46% to 20%, effective from July 9, 2025.
Below is a summary table of U.S. tariff rates applied to Vietnamese goods, categorized by major industry groups:
1. Textiles and Footwear
Basic Tariff (MFN): 10-15%
Additional Tariff: +10%
Total Current: 20-25%
Includes clothing, fabrics, sportswear, leather shoes, and canvas shoes. This is a major export sector and is significantly affected.
2. Wood and Furniture
Basic Tariff: 10-15%
Additional Tariff: +10%
Total: 20-25%
Includes tables, chairs, wooden cabinets, wooden furniture. The U.S. is the largest market for this group from Vietnam.
3. Agricultural Products, Fresh and Processed Fruits
Basic Tariff: 5-10%
Additional Tariff: +10%
Total: 15-20%
Applies to fruits such as mango, dragon fruit, lychee, longan, and canned fruit juice.
4. Seafood (shrimp, pangasius, squid, clams, etc.)
Basic Tariff: 5-10%
Additional Tariff: +10%
Total: 15-20%
Some pangasius products are still subject to separate anti-dumping investigations.
5. Electronics, Components, Small Household Appliances
Basic Tariff: 0-5%
Additional Tariff: +10%
Total: 10-15%
Includes headphones, phone chargers, electric stoves, rice cookers, and low-cost household devices.
6. Machinery, Mechanical Parts, Light Industrial Equipment
Basic Tariff: 5-10%
Additional Tariff: +10%
Total: 15-20%
7. Goods Fraudulently Labeled “Made in Vietnam”
If goods from another country (mainly China) are shipped to Vietnam and then labeled “Made in Vietnam,” a 40% tariff may apply and could be applied retroactively.
8. Goods 100% Manufactured Domestically in Vietnam
If the origin rules are clearly proven and no components are imported from sanctioned countries, the tariff may be reduced to 10% or proposed for exemption depending on the product.
