Duties on imports from dozens of countries would jump if the 90-day pause imposed in April expires July 9 as scheduled.

But the level of trade success Trump will have achieved by next week looks to fall short of his goals. Trump’s trade adviser Peter Navarro touted “90 deals in 90 days” in April. As the deadline approaches though, others in the Administration are lowering expectations.

The Vietnam agreement comes amid a broader administration push to finalize trade deals ahead of Trump's self-imposed "90 in 90" deadline—a period of 90 days for 90 targeted trade deals or renegotiations globally.