Core Viewpoint - The United States and Vietnam are reportedly close to reaching a trade framework that imposes tariffs based on the proportion of foreign components in products exported to the U.S. [1] Summary by Categories Tariff Structure - Products with a high proportion of foreign components (up to 20% or more) will face tariffs around 20% or higher [1] - Products with a lower proportion of foreign components will see slightly reduced tax rates [1] - Products entirely sourced from Vietnam will be subject to the lowest tax rate, potentially around the current standard rate of 10% [1]