Stephen Miran, chair of the White House Council of Economic Advisors, praised the tariff deal between the United States and Vietnam, calling it “extremely one-sided.”
During an appearance on ABC News’s “This Week” on Sunday, Miran was asked about President Trump’s progress on tariff deals as he rapidly approaches his July 9 deadline.
While he said he remains optimistic that he will secure “a number of deals” this week, he praised the U.S. deal with Vietnam.
“The Vietnam deal was fantastic,” he said. “It’s extremely one-sided. We get to apply a significant tariff to Vietnamese exports. They’re opening their markets to ours, you know, applying zero tariff to our exports. It’s a fantastic deal for Americans.”
The deal sets the tariff rate on the country at 20 percent, with Vietnam giving the U.S. tariff-free access to its markets.
It also seeks to prevent third countries, such as China, from laundering their exports through Vietnam, imposing a 40 percent tariff on goods that originate from a country with a higher import tax rate and are shipped through Vietnam.
When pushed on whether any other deals would be on the table this week, Miran said countries are “negotiating in good faith.”
“My expectation would be that countries that are negotiating in good faith and making the concessions that they need to, to get to a deal, but the deal is just not there yet because it needs more time,” he said.
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