Key Insight: On July 3, 2025, U.S. President Trump announced through his social media platform that the United States has reached a new bilateral trade agreement with Vietnam, which includes imposing a 20% uniform tariff on seafood exports from Vietnam to the United States. This means that Vietnam's key seafood exports to the U.S., such as shrimp, basa fish, and tuna, will be subject to this fixed tax rate.