U.S. President Donald Trump on Tuesday said Japan was being "tough" in trade talks and the European Union had not yet offered what he considered a fair deal, as a team led by Treasury Secretary Scott Bessent stayed at the G7 meeting in Canada to keep working on trade issues after Trump's abrupt early departure.

We've started a fight with the whole world, not just China.

Cement manufacturers expressed concern on the higher reciprocal tariff imposed by the United States on Vietnam, citing this may lead to more cement imports, placing greater pressure on the local industry.

Differences across all areas under discussion are narrowed down.

The United States is pushing Vietnam in tariff talks to reduce the use of Chinese tech in devices that are assembled in the country before being exported to America, three people briefed on the matter said.

Vietnam and the United States made progress during a third round of trade negotiations last week, but critical issues remain unresolved, requiring further analysis and continued dialogue, Vietnam's trade ministry said on Sunday.

While keeping the U.S. president onside will be important, erstwhile allies would do well to coordinate their response to Washington’s wholesale assault on its partners.

Canada and the UK agreed on Sunday to set up a trade working group which will submit its recommendations to the prime ministers of the respective countries within the next six months, a joint statement by the two governments said.

Only 4pc of companies would consider setting up a production facility in America, survey shows.

Europe can’t increase defense spending if it has to fight a trade war at the same time, Council President António Costa says.