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- Miran: US, Vietnam deal 'fantastic,' 'extremely one-sided'</p>
<p>Rachel ScullyJuly 7, 2025 at 3:05 AM</p>
<p>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."</p>
<p>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.</p>
<p>While he said he remains optimistic that he will secure "a number of deals" this week, he praised the U.S. deal with Vietnam.</p>
<p>"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."</p>
<p>The deal sets the tariff rate on the country at 20 percent, with Vietnam giving the U.S. tariff-free access to its markets.</p>
<p>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.</p>
<p>When pushed on whether any other deals would be on the table this week, Miran said countries are "negotiating in good faith."</p>
<p>"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.</p>
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