President Trump has announced that a trade deal between the U.S. and Vietnam has been secured.
The President called it a “great deal of cooperation” between the two countries. Vietnam has agreed to pay the United States 20 percent tariffs on any and all goods and a 40 percent tariff for trans-shipping. In return, Vietnam is giving the United States total access to its markets for trade with no tariffs.
U.S. Secretary of Commerce Howard Lutnick has called the deal a massive win for American businesses and huge for farmers. The deal comes after China has been working towards strengthening trade ties with Vietnam amid tariff disruptions.
Related Stories
USDA says total grain inspected for export reached 2.81 million metric tons for the week ending June 11.
The dairy industry is encouraged by potential H-2A reforms while supporting renewal of the USMCA.
Experts note that economic growth, fuel demand, and energy diversification are opening new opportunities for U.S. grain and ethanol exports in Southeast Asia.
The USDA’s new cotton initiative comes as policymakers continue to focus on stabilizing farm income across major row crops while balancing export exposure with domestic supply chain resilience.
Industry leaders say rising Tier 2 imports are adding pressure to domestic producers.
Global markets react to events in the Middle East as world leaders gather at the G7 Summit, affecting agriculture, energy, and trade. RealAg Radio’s Shaun Haney joins us to discuss the developments and their potential impact on agriculture.
