All eyes are now on the House after the Senate narrowly passed a major tax cut and spending bill that is the centerpiece of President Donald Trump's agenda.
The announcement came after President Trump in April proposed a steep 46% tariff on Vietnamese imports; he later paused those tariffs while talks continued.
The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
The latest version of President Donald Trump's "big beautiful bill" provides larger tax credits to semiconductor manufacturers building plants in the U.S.
