We're tracking trade and market reaction to the giant money ball about to pass Congress.

I'm David Brancaccio in Los Angeles. President Trump says the U.S. has reached a trade deal with Vietnam.

This is one of many agreements the White House is trying to hammer out before higher tariff rates on hundreds of countries snap back into

place, possibly the middle of next week. Marketplaces Nancy Marshall-Genzor reports.

Details on the Vietnam Agreement are scarce. In a social media post, President Trump says

there'll be a 20 percent tariff on imports from Vietnam and a 40 percent tariff on trans-shipped goods, that is products that

pass through Vietnam on their way to the U.S. That provision appears to be aimed at Chinese

manufacturers trying to avoid steep tariffs on products from China. Trump says Vietnam also agreed

to drop all tariffs on things it imports from the U.S.

In his pose, Trump talked about increasing exports of American-made SUVs to Vietnam,

but it's not clear that Vietnamese consumers could afford that.

Former President Biden also negotiated a trade deal with Vietnam after visiting the country in 2023. I'm Nancy Marshall

Genzer for Marketplace. Stocks in Vietnam-based companies are trending higher this morning, as you

might expect. More evidence now that the U.S.-China trade truce is sticking American companies

that do high-tech semiconductor design are resuming business with Chinese customers.

Our editorial partners at the BBC are following this for us. Here's Katie Silver.

Synopsis and cadence design systems of two of the world's most important companies when it comes to chip design.

And they're both American. They've told the BBC that they've received notices from the US Commerce Department,

now allowing them to sell their software to China.

The Trump administration stopped this in May

as part of a number of measures in response to Beijing limiting rare earth exports.

Semiconductors or chips have been a sticking point in relations between Beijing and Washington.

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