A trade deal with Vietnam announced last week has been dubbed “fantastic” and “extremely one-sided,” by top White House’s economic adviser, Stephen Miran, in an ABC News interview on Sunday→view source.

He noted that it delivers major benefits to US exporters while imposing significant tariffs on Vietnamese goods.

Key details:

Miran confirmed that the US will apply substantial tariffs to Vietnamese exports. Details on which sectors are targeted have not yet been fully disclosed.
Vietnam agreed to grant “total access” to US products, removing tariffs on American goods entering Vietnam, which Miran called a “fantastic deal for Americans.”
He also claimed using tariff threats to extract market-opening concessions has proved an effective strategy.

There has been a lot of speculation since a deal was announced between Vietnam and the US and whether or not it is a good outcome for Vietnam.

These comments from Miran would suggest, at least in the view of the Trump administration, it is not.

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