Over the past three months, President Donald Trump’s political rivals have been up in arms regarding the supposed deleterious economic impact of his tariff policies.

Instead of bringing about empty store shelves and runaway inflation, however, the Trump administration continues to release new evidence that his efforts to restore fair trade balance is working.

The latest evidence of this positive trend came on Wednesday, when the White House touted a new breakthrough in trade negotiations with Vietnam.

As Fox Business reported, the president confirmed in a social media post that the two sides reached a deal:

“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,” Trump wrote in a post on Truth Social.

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“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,” Trump added.

Trump says he reached the deal after speaking with To Lam, the General Secretary of the Communist Party of Vietnam.

The emerging terms of the deal attracted plenty of praise from pro-Trump X accounts:

BREAKING: President Trump’s trade deal with VIETNAM…US gets “TOTAL ACCESS” to their markets for trade WITH ZERO TARIFFS.

– Vietnam pays 20% TARIFF
– They pay 40% tariff on transshipping

Holy smokes. pic.twitter.com/CZkt3v3Fn0

— Eric Daugherty (@EricLDaugh) July 2, 2025

Negotiator in chief.

Vietnam is to pay 20% tariffs on all goods sent to the US and 40% on transshipping. The US will get total access to the Vietnamese markets – we can sell US products there for 0% tariffs.

He is amazing lol pic.twitter.com/Q0qxu3ZKLR

— Sara Rose (@saras76) July 2, 2025

BREAKING: President Trump announces the framework of a new trade deal with Vietnam, which includes a 20% tariff paid to the U.S. and a 40% tariff on transshiping and will, for the first time, give American business “TOTAL ACCESS” to their markets with ZERO tariffs.

pic.twitter.com/05kAWKtuwv

— Charlie Kirk (@charliekirk11) July 2, 2025

The New York Post also provided some details about the agreement:

Trump had announced a new 46% tariff rate on Vietnam in his April 2 “Liberation Day” announcement of looming “reciprocal” tariffs, but temporarily reduced the levy to an elevated 10% baseline to allow time for negotiations.

The deal announced by Trump indicates that the Vietnamese exports will be charged a higher rate than they have been during the negotiating period.

The report continued:

Trump has hoped to ink a series of economic agreements ahead of a July 9 deadline for the “reciprocal” tariff rates to hit.

This is a Guest Post from our friends over at WLTReport.

View the original article here.