The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

Vietnam's economy surged by 7.52% in the first half of 2025, marking its fastest growth in over a decade, fueled by robust exports. A recent trade dea

With Vietnam tariff rate at 20 percent, TD Cowen's John Kernan expects Southeast Asia will see rates "higher than 10 percent."