The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

Trump also heralded U.S. access to Vietnam’s markets tariff-free—something Lovely described as not a heavy lift as U.S. exports don’t present a competitive threat to domestic manufacturers and many U.