WASHINGTON, July 15 (Reuters) - U.S. President Donald Trump said on Tuesday that a trade agreement with Vietnam was nearly complete. Trump told reporters at Joint Base Andrews near Washington that he could release details of the Vietnam trade agreement, but did not think it was necessary.

Vietnam was one of only two countries that Trump said has clinched a deal with the US by a July 9 deadline to avoid his so-called reciprocal tariffs. This week, many of its neighbours received letters from the White House threatening, in some cases, higher levies.

A trade agreement between the United States and Vietnam is nearing completion, President Donald Trump announced. The preliminary deal cuts planned U.S. tariffs on Vietnamese imports. However, goods classified as illegally transshipped will face a significant 40% levy.