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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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<p>On October 26, 2025, the United States and Vietnam agreed to a framework for an Agreement on Reciprocal Trade. While representatives from both countries continue to negotiate and finalize the formal agreement, the <a href="https://www.whitehouse.gov/briefings-statements/2025/10/joint-statement-on-united-states-vietnam-framework-for-an-agreement-on-reciprocal-fair-and-balanced-trade/" target="_blank" rel="noreferrer noopener">key terms</a> will include:</p>
<ul class="wp-block-list">
<li>Vietnam&rsquo;s preferential market access for substantially all U.S. industrial and agricultural exports.</li>
<li>The continuation of U.S. reciprocal tariffs at 20 percent on imported goods from Vietnam, as set forth in Executive Order 14257 of April 2, 2025, but tariff exclusions for certain imports.</li>
<li>Bilateral cooperation to address both countries&rsquo; interests in non-tariff barriers affecting bilateral trade, starting with Vietnam accepting vehicles built to U.S. motor vehicle safety and emissions standards, streamlining regulatory requirements and approvals for U.S. pharmaceutical products, and addressing import licenses for U.S. medical devices.</li>
<li>Vietnam&rsquo;s commitment to address and prevent barriers to U.S. agricultural products in the Vietnamese market, starting with acceptance of U.S. regulatory oversight and currently agreed certificates issued by U.S. regulatory authorities.&nbsp;</li>
<li>Finalization of commitments on digital trade, services and investment.</li>
<li>Bilateral cooperation to address intellectual property, labor, environment, customs and trade facilitation, good regulatory practices, and any distortionary behaviors of state-owned enterprises.</li>
<li>Bilateral cooperation toward the shared goal of enhancing supply chain resilience, combating duty evasion and improving export controls.</li>
</ul>

United States and Vietnam Agree to Framework Agreement on Reciprocal Trade

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