President Trump: The United States will significantly cut reciprocal tariffs on many Vietnamese exports

The two leaders expressed their delight at the strong and positive development of bilateral relations.

General Secretary To Lam and President Donald Trump welcomed the two countries' negotiating delegations' agreement on the Vietnam-US Joint Statement on the Framework for a Reciprocal, Fair and Balanced Trade Agreement.

President Donald Trump appreciated Vietnam's commitment to providing preferential market access for US goods, including large-engine cars.

He affirmed that the United States will significantly reduce reciprocal taxes on many Vietnamese export goods and will continue to cooperate with Vietnam in resolving difficulties affecting bilateral trade relations, especially in areas prioritized by both sides.

General Secretary To Lam proposed that the United States soon recognize Vietnam as a market economy and remove export restrictions on some high-tech products.

General Secretary To Lam and President Donald Trump also discussed a number of major directions and measures to promote the Comprehensive Strategic Partnership in the coming years. The two leaders agreed to increase delegation exchanges and contacts at all levels, and promote cooperation in the fields of economics, trade and investment, especially in key and breakthrough areas such as science and high technology.

On this occasion, General Secretary To Lam reiterated his invitation to President Donald Trump and his wife to visit Vietnam and expressed his wish to meet President Trump again in the near future. President Trump sincerely thanked the General Secretary for his invitation and expressed his wish to meet the General Secretary again soon.

Immediately afterwards, at 10:25 a.m. on July 2 (local time), US President Donald Trump posted on the social network Truth Social that he had just reached a trade agreement with Vietnam.

President Trump wrote: "I just made a Trade Deal with Vietnam. Details to follow!"