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Sep 21, 2026

Vietnam says trade deal with US is close as President To Lam pledges to narrow trade gap

Vietnamese President To Lam announced that Vietnam is "very close" to reaching a trade agreement with the United States, pledging to purchase more high-tech goods like aircraft to reduce the bilateral trade imbalance. The announcement came ahead of talks with Trump administration officials in New York.

Sep 21, 2026·6 sources
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Top claims

  • ▪The US should penalize Vietnam over Chinese transshipment concerns
  • ▪The United States has initiated three simultaneous Section 301 investigations against Vietnam, focusing on excess manufacturing capacity, intellectual property rights violations, and forced labor, which currently carries a 12.5 percent tariff levy for approximately 60 nations.
  • ▪Vietnamese President To Lam noted that Vietnam wants to import more United States items to support industrial production, but certain policy constraints persist on the United States side.

Topics

Tariffs & trade warsU.S.–China relationsTrade agreements & blocsInternational trade

Related entities

VietnamUnited States