On July 2, 2025, the United States and Vietnam finalized a new trade agreement involving tariffs. Under the deal, Vietnamese exports to the U.S. will face a 20% tariff, while U.S. goods entering Vietnam will be exempt from tariffs. From a U.S. perspective, this appears to be a favorable outcome, particularly for former President Donald Trump, who has long emphasized trade deals that benefit American interests. Using 2024 trade figures as a reference: Combined, these changes represent a potential economic shift of $28.63 billion, which supporters of the deal may view as a significant win for the U.S. However, the broader implications are more nuanced. While the tariff exemption may seem…