Global Markets Rise After Donald Trump's US-Vietnam Trade Deal: Bitcoin and Stocks Rise Together
In a surprising but sentiment-boosting move, former US President Donald Trump announced on the Truth Social platform on Wednesday morning that he had reached a new trade deal with Vietnam. According to the announcement, Vietnam will reduce import tariffs on US goods from 46% to 20%, while eliminating all tariffs on US goods imported into Vietnam, while Vietnamese goods transiting through a third party will be subject to a 40% tariff.
Bitcoin surges on news, stocks react positively
Immediately following the announcement, Bitcoin rose more than 3%, jumping from $105,157 to around $109,524 within 24 hours. As of press time, the world's largest cryptocurrency was trading at $109,514, up 3.09% on the day and nearly 2% on the week. BTC's 24-hour trading volume also increased by 4.66% to $46.57 billion, while its market capitalization jumped to $2.16 trillion, up 2.69%.
Bitcoin's market dominance continued to consolidate, rising slightly to 65.53%, reflecting growing investor confidence amid signs of a positive turnaround in the macro market.
Not only the cryptocurrency market, major US stock indexes also recorded positive developments. The Nasdaq index rose 0.82%, the S&P 500 rose 0.32%, while the Dow Jones fell slightly by 0.05%, indicating that investor sentiment is adjusting after new information and some unexpected economic data.
Disappointing jobs data adds to stimulus support
Earlier in the day, staffing firm ADP released a shocking jobs report, saying the private sector lost 33,000 jobs in June, compared to market expectations of a gain of 100,000. The figure further highlighted the market’s sensitivity to policy and trade news, and opened up the possibility that the Federal Reserve could maintain its accommodative stance in the short term.
“While layoffs remain low, reluctance to hire and a lack of replacement have kept the job market weak,” said ADP chief economist Nela Richardson. “However, wages have maintained their growth rate.”
Official jobs data from the U.S. Bureau of Labor Statistics (BLS) will be released on Thursday. Current forecasts suggest a possible increase of 100,000 jobs, but the unemployment rate could rise to 4.3%, reflecting potential challenges in the US economy.
Trump: Vietnam is a strategic partner, transit goods will be subject to high tariffs
Through a post on Truth Social, Mr. Donald Trump affirmed: “I am honored to announce that I have just reached a trade agreement with the Socialist Republic of Vietnam after a conversation with General Secretary To Lam.”
Trump said that Vietnamese export products if transited through third countries before reaching the US will be subject to a 40% tax, in order to limit trade fraud or tax evasion. Meanwhile, direct export goods will enjoy clearer incentives.
This message not only emphasizes the deepening bilateral relations between Vietnam and the United States, but also sends a clear signal about Trump's more aggressive trade policy if he is re-elected in 2025.
Market implications: Derivatives surge, short positions liquidated en masse
The quick reaction of investors is not only reflected in spot prices but also clearly in the derivatives market. The value of open interest contracts increased by 7.02% to 74.59 billion USD, showing that a large amount of speculative money is returning to the market after positive political news.
Total liquidations in the past 24 hours reached nearly $89.15 million, of which:
$66.46 million came from short positions
$22.70 million came from long positions
This figure shows that many traders predicted the wrong direction and were "burned" when Bitcoin's price suddenly surged. Data from Coinglass recorded the largest liquidation in the past three days, a sign that market sentiment is turning around.
Mid-Term Outlook: From Politics to Price Action
With the market reacting strongly to an international political announcement, it is clear that Bitcoin and other risk assets are becoming more closely tied to the global geopolitical landscape. The rapid shift from "wait and see" to "act" in just a few hours suggests that investment flows are closely watching every move from world leaders.
This event could also lay the foundation for many bilateral trade and cooperation activities between Vietnam and the United States in the coming time, especially in areas such as semiconductor supply chains, renewable energy and agricultural exports, opening up many opportunities for the domestic financial market.