“in fairness, tariff-free trade into Vietnam is good news for American farmers and manufacturers that export goods to that country, as Commerce Secretary Howard Lutnick has argued. And the reduction in tariffs may marginally increase our exports to Vietnam.
For the vast majority of Americans, however, trade with Vietnam matters on the buying side, not the selling side. For them, this deal accomplishes very little.
The deal also sends a clear signal to other countries that Trump’s promise of reciprocity was bullshit.
…
Free trade between the U.S. and Vietnam would be a win-win for both countries. That’s not what Trump has delivered with this deal. Vietnamese businesses and consumers got free trade. Americans got more taxes.”
https://reason.com/2025/07/03/trumps-new-trade-deal-has-a-clear-winner-vietnam