Trump administration announces 20 percent tariff deal with Vietnam

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Under the administration of Donald Trump, it appears that the U.S. government and Vietnam have negotiated a new tariff agreement. The deal is said to involve a 20% tariff on Vietnamese goods, along with an additional 40% levy on “transshipping,” as per Trump’s statements. This move follows a series of contentious tariff actions that significantly impacted tech and gaming industries, even affecting the release of products like the Nintendo Switch 2.

A trade agreement between the Trump administration and Vietnam was recently announced, according to CNBC reports. This deal emerged just before the deadline for the “reciprocal” tariffs, which were set to expire, potentially causing a massive increase in prices on numerous goods imported from various countries.

Specifically, Vietnam was poised to incur a 46% tariff as part of Trump’s initial trade action, which was later halted by federal courts. Nevertheless, this potential tariff had significant consequences, such as pushing back the pre-order dates for the Nintendo Switch 2. With the new agreement, it seems that Vietnam may now face lower import duties than initially anticipated, but a 40% increase in shipping costs could still have a substantial impact.

Despite the Vietnam tariff agreement apparently being resolved, there are potential deals with numerous other countries yet to be finalized which may influence the technology and gaming sector. Keep an eye on Shacknews for any new developments or updates regarding tariffs in this field.

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2025-07-02 22:27