Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

Minister of Industry and Trade Nguyen Hong Dien has affirmed that after 30 years of diplomatic relations, 10 years of comprehensive partnership, and two years of upgrading to a comprehensive strategic partnership, Vietnam–US relations have been growing steadily across a variety of fields.

US Trade Representative Jamieson Greer told Vietnam’s top trade official his country must improve the trade balance between the two countries and further open up its markets.

The event was attended by Vietnamese Ambassador to the United States Nguyễn Quốc Dũng, the Ministry of Industry and Trade delegation, representatives from major Vietnamese corporations such as PVN, EVN, Petrolimex, TKV, and Masan, along with US partners and officials.

President Donald Trump’s 25% tariffs on steel and aluminium imports came into force Wednesday, triggering a reprisal from the European Union as the global trade war enters a new and risky phase.

US President Donald Trump on Thursday threatened to slap a 200% tariff on all wines and other alcoholic products coming out of Europe if the European Union does not scrap its planned tax on American whiskey.

US goods due to be affected from 1 April include bourbon whiskey, jeans and Harley-Davidson motorbikes

A Thai business group on Thursday urged Prime Minister Paetongtarn Shinawatra to negotiate with the United States and consider lowering import taxes on U.S. goods, as the government met with the private sector to discuss U.S. trade policy.

Donald Trump threatened on Wednesday to escalate a global trade war with further tariffs on European Union goods, as major U.S. trading partners said they would retaliate for trade barriers already erected by the U.S. president.

The UK reaffirmed its commitment to US trade talks as British exports were swept up in President Donald Trump’s global steel and aluminium tariffs, breaking with Europe in its decision to retaliate immediately.