It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam. It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade. In other words, they will “OPEN THEIR MARKET TO THE UNITED STATES,” meaning that, we will be able to sell our product into Vietnam at ZERO Tariff. It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam. Dealing with General Secretary To Lam, which I did personally, was an absolute pleasure. Thank you for your attention to this matter!
📈 Market Reaction:
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Outside trading hours🤖 AI Thoughts:
The market's reaction to Trump's Vietnam deal announcement was about as enthusiastic as a lukewarm bowl of pho. SP500 dipped 0.10% in the first minute, then stabilized to a negligible 0.02% drop over 10 minutes. The Dow followed suit with a 0.14% initial decline, settling at 0.08% lower. Crypto barely blinked: BTC down 0.14%, ETH down 0.24%, both recovering slightly. TRUMP tokens, ever the loyalists, shrugged off the news with a 0.35% gain over 10 minutes. Europe’s STOXX50 mirrored the U.S., down 0.21% initially before flatlining. Compared to past trade deal posts, this one landed with a thud—67% similar to a prior Vietnam tease that sparked modest gains, but today’s version lacked the sugar rush. Volatility was tame, barely registering against historical swings like the 1.07% SP500 drop after an EU rant. Nothing says "great deal" like markets yawning and moving on to the next headline. Perhaps the SUV-loving Vietnamese will prove them wrong.