The US-Vietnam Trade Landscape at a Glance
A complex relationship defined by strategic partnership and significant trade friction. Here are the key figures shaping the current policy environment.
20%
Agreed Reciprocal Tariff
The new standard tariff on most Vietnamese exports to the US under the July 2025 agreement.
40%
Transshipment Tariff
A higher rate targeting goods from other countries (e.g., China) routed through Vietnam.
$122B
US Trade Deficit
The 2024 bilateral trade deficit that serves as a primary driver for US tariff policies.
Anti-Dumping & Countervailing Duties (AD/CVD)
Separate from broad tariffs, AD/CVD orders target specific products deemed unfairly priced or subsidized. Vietnam’s designation as a Non-Market Economy (NME) is a critical factor that often results in higher, more unpredictable duties.
The Impact of Non-Market Economy (NME) Status
For Market Economies
The US uses the country’s own domestic prices and costs to calculate dumping margins.
For Non-Market Economies (like Vietnam)
The US disregards domestic data and uses prices from a “surrogate country,” which often leads to much higher duty rates.
