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
Shaun Haney, Host of RealAg Radio, discusses President Trump’s move to halt trade talks with Canada and Mexico over a commercial about tariffs launched by the Government of Ontario.
The President’s trip to Asia this week follows a trade mission by the Iowa Soybean Association. Farmers say they were reminded that U.S. soybeans have an international reputation that can be easy to take for granted here at home.
The review signals renewed scrutiny of China’s agricultural trade pledges and could reshape farm export opportunities depending on its outcome.
The U.S.-Japan tech pact signals long-term investment in bio-innovation, connectivity, and secure supply chains — all of which can strengthen rural manufacturing, ag exports, and digital infrastructure critical to the next generation of farm productivity.
Export volumes remain positive year-to-date, but weaker soybean loadings and slowing wheat movement hint at early bottlenecks in global demand or river logistics. Farmers should watch basis levels and freight conditions as export competition heats up.
Industry leaders representing more than 40 nations gathered to discuss the future of ethanol and other corn-based products.
