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Trump Says Vietnam To Face 20% Tariff Under ‘Great’ Deal

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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.

Shares in clothing companies and sport equipment manufacturers — which have a large footprint in Vietnam — rose on the news, but later declined sharply after the president released details including the continued tariffs, which were higher than expected.

If confirmed, the terms of the agreement will significantly increase the price of shoes and clothing that Vietnam exports to the United States, but Hanoi escapes the threat of the more severe 46 percent tariff threatened by Trump in April.

“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,” Trump wrote on his Truth Social platform.

He said that under the “Great Deal of Cooperation,” imports of Vietnamese goods will face a 20 percent US tariff, while goods that pass through Vietnam to circumvent steeper trade barriers — so-called “transshipping” — will see a 40 percent tariff.

‘Total Access’

Workers number fabric at a garment factory in Vietnam’s Thai Nguyen Province on July 2, 2025. Vietnam, a global manufacturing hub dependent on exports, faces a potential “reciprocal tariff” hike from 10 to 46 percent without a US trade deal. (Photo by Nhac NGUYEN / AFP)

 

Trump’s trade advisor Peter Navarro has called Vietnam a “colony of China,” saying that one third of Vietnamese products are in fact relabeled Chinese goods.

Trump said that “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,” he said.

“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.”

The president said he believed US-made SUVs, “which do so well in the United States, will be a wonderful addition to the various product lines within Vietnam.”

In a government statement, Vietnam confirmed that negotiating teams had come to an agreement to address the reciprocal tariff issue, but did not detail any tariff terms.

Trump “affirmed that the US will significantly reduce reciprocal taxes for many Vietnamese export goods and will continue to cooperate with Vietnam in resolving difficulties affecting bilateral trade relations, especially in areas prioritized by both sides,” the statement said.

Trump’s announcement comes a week before the threatened US reimposition of steep tariffs on dozens of economies, including the European Union and Japan, many of which are still scrambling to reach deals that would protect them from the measures.

Those higher tariffs are part of a package Trump initially imposed in April, citing a lack of “reciprocity” in trading relationships, before announcing a temporary lowering to 10 percent.

Without a deal, Vietnam’s “reciprocal tariff” would have risen from the baseline 10 percent to 46 percent.

Since April, Washington had so far only announced a pact with Britain and a deal to temporarily lower retaliatory duties with China.

Both involve the United States maintaining some of Trump’s tariffs on the trading partners.

The terms of the UK deal are more narrowly focused than those announced by Trump with Vietnam, with London and Washington agreeing to cut US tariffs on cars from 27.5 percent to 10 percent, with a limit of 100,000 vehicles a year.

It also fully eliminated the 10 percent tariff on goods such as engines and aircraft parts.

In return, Britain agreed to further open its market to US ethanol and beef.

 

 

 

 

AFP

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Transfer: Real Madrid , Cucurella Reach Verbal Agreement 

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Chelsea reliable defender, Marc Cucurella may join Spanish giant, Real Madrid before the end of the current transfer window.if information from transfer journalist, Fabrizio Romano are anything to go by.

 

Romano In a latest transfer update, said Real Madrid has reached verbal agreement to sign Marc Cucurella from Chelsea.

“Verbal agreement in place between all parties, player too — he’s the left back wanted by Mourinho” the update read.

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Ancelotti: Pressure Affected Brazil Against Morocco 

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Carlo Ancelotti felt Brazil were “anxious” in their World Cup opener against Morocco, as he suggested the pressure got to his players.

 

Brazil were largely underwhelming at New York New Jersey Stadium, as they opened their Group C campaign with a 1-1 draw.

World Cup 2022 semi-finalists Morocco made a fine start, which was capped off when Ismael Saibari charged through in the 21st minute and lofted a cute finish over Alisson.

With the unfit Neymar watching on from the bench, Vinicius Junior slammed home a brilliant equaliser 11 minutes later, but Brazil could not find a way through Morocco’s defence for a second time.

In fact, Brazil relied on a sharp double save from Alisson late on to preserve a point, and Ancelotti knows there is plenty of scope for improvement.

“I think it was a tough match, especially in the first half,” Ancelotti said, as reported by ESPN

“Maybe the team was a bit anxious, and the nerves were all over the place. The second half was better, but it was still tough, and I’m sure we’ll get better.

“I think that’s something we’ll have to look into.

“There’s a lot of pressure, so it’s natural. Little by little, we’ll improve in that sense.”

Brazil are, at least, unbeaten in their opening match in the last 21 World Cups dating back to 1938 (W17 D4).

It is the longest such streak in the history of the World Cup, more than twice as long as any other (Germany, Netherlands – nine straight).

“We have to reassess what we did,” Ancelotti added.

“In the first half, we were very unbalanced. We did a bit better in the second half. The result isn’t bad. You don’t win the World Cup in your first match.

“I’m not disappointed, but I’m not satisfied, either. We need to work, but that’s normal. Morocco played well. They’re a solid team, very well organised. It was a difficult game.

“For many different reasons, a debut in the World Cup might not end up as expected. The goal is to qualify, move on to the next round and improve over time.”

With uncertainty over how much Neymar will be able to contribute at this tournament, Brazil need Vinicius to step up, and the Real Madrid forward demonstrated his quality with a wonderful run and finish to restore parity.

It marked Vinicius’ 10th goal for Brazil, with three of those coming on American soil.

“We started on a really bad note,” Vinicius said. “For certain, we got to hold on to the ball. We have to move better.”

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Revealed: Why Yamal Lost Spain’s No.10 Shirt To Olmo At The Mundia

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According to The Athletic, Yamal will not wear the No. 10 jersey for Spain; it will belong to teammate Olmo.

 

Pelé, Diego Maradona, Zinedine Zidane, Messi, and Roberto Baggio have all delivered superstar-level performances at the FIFA World Cup.

What do they have in common? They all wore the No. 10 jersey at the time.

Historically, this number typically belongs to the most creative player on the team, usually an attacking midfielder, and sometimes even a forward. It is also part of a player’s personal brand, an honor reserved for a special type of player.

Spain is one of the favorites to win this summer’s North American tournament, and there is no bigger name in the squad than Yamal. But he will not wear the No. 10 for Spain; instead, he will wear No. 19, the same number he wore in the summer of 2024 when he helped Spain win the European Championship in Germany.

So, why can’t the 18-year-old, who wears this legendary number at Barcelona—a number most easily associated with the club’s all-time leading goal scorer and appearance record holder Messi—enjoy the same treatment with the Spanish national team?

Spain’s No. 10 this summer will be Olmo, who is also one of Yamal’s teammates at Barcelona.

Olmo wears No. 20 at Barcelona, but for the national team, a simple factor puts him ahead of the young player when deciding numbers: seniority.

Spain’s system for assigning squad numbers dictates that the player with the most national team appearances gets priority in choosing from available numbers.

Yamal has made 25 appearances for the national team since his debut in 2023; Olmo has 50 national team appearances and was already wearing the No. 10 before Yamal joined the Spanish squad.

Yamal has proven capable of handling the challenge of wearing the No. 10 at Barcelona. When Messi left the club in a painful manner in the summer of 2021, it left Barcelona with several issues to resolve, one of which was who would inherit the No. 10 and bear the pressure of the legacy left by the Argentinian.

Ansu Fati, one of the brightest talents to emerge from Barcelona’s La Masia academy in recent years, did not succeed. After Messi’s departure, he inherited the No. 10 but suffered multiple injuries and could not meet expectations.

Barcelona sources believe that giving the number to Fati was a mistake because it placed too much pressure on the young player. Like all quoted sources in this article, they requested anonymity to protect their relationships.

But Yamal’s situation is different. He took over Fati’s No. 10 last summer and hasn’t looked back since. Last season, he achieved his career-best statistics, scoring 24 goals and providing 17 assists in 45 games.

Not wearing the Spanish No. 10 has also not affected Yamal’s progress with the national team.

This is not seen as a problem, but rather as part of the young player’s development. Everyone in the Spanish squad understands the rules, and sources close to Yamal and the team insist that Yamal holds no resentment towards Olmo.

It can also be argued that, besides international recognition, there are commercial factors for jersey numbers that should not be overlooked. Giving Yamal the No. 10 would certainly boost sales of the Spanish team’s jerseys and bring a more significant commercial impact from the star player.

However, respect among teammates, especially for more senior players, is a key tenet for Spain’s coach Luis de la Fuente and the foundation of the culture he is building for this Spanish team.

No individual is important enough to be above this team spirit, not even Yamal. The young player is considered the most important attacking player for Spain and is highly respected in the locker room, but breaking the seniority policy to take a teammate’s number is simply not allowed in this team.

Gavi should also be mentioned. The 21-year-old player has primarily played as a central midfielder for Barcelona this season, even playing as a defensive midfielder, but he will wear No. 9 for Spain, a number more commonly associated with central forwards.

There’s a story behind this too. When Gavi made his Spain debut in 2021, No. 9 was the last available number when he chose.

That year, he made his debut in the Nations League semi-final win against Italy, with an impressive performance, and Gavi has stuck with that number ever since. Whenever the national team’s No. 9 is available, he always chooses it.

Spain’s starting forward Oyarzabal actually began his career as a winger, but he has always chosen No. 21 and decided to keep this number throughout his national team career.

Another forward included in Luis de la Fuente’s FIFA World Cup squad, Celta player Borja Iglesias, has 8 national team appearances, fewer than Gavi’s 30, so he cannot get the No. 9.

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