China’s upgraded trade pact with ASEAN promises deeper markets and tech ties, but rising regional dependence, local pushback and ongoing US-China rivalry could test the limits of its benefits, says researcher Genevieve Donnellon-May.

U.S. President Donald Trump on Friday rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice, in the face of growing angst among American consumers about the high cost of groceries.

In the series of talks, the Vietnamese and US delegations made major progress on multiple issues, including services, digital trade, agriculture, technical barriers to trade (TBT), and sanitary and phytosanitary standards (SPS), while narrowing differences on outstanding matters.

The US hopes to soon complete a rare earth deal with China before Thanksgiving, after the two sides reached a new cooperation framework and pledged not to tighten taxes or restrict exports.

Indian agricultural exporters are among the winners from U.S. President Donald Trump’s exemption of dozens of food items from his reciprocal tariffs regime, which some analysts say could help to revive lost demand.

While President Trump’s weekend announcement about tariff relaxation on imported beef and other food products attracted headlines around the world, reports have overlooked the fact that Brazil still faces a massive secondary tariff mountain for red meat product heading into the US market.

The US side reaffirmed its commitment to strengthening cooperation with Việt Nam in security, energy, logistics, supply chains and manufacturing.

Export revenue estimated at $7.42 billion.

The Ministry of Agriculture and Environment reported that Vietnam sold 1.3 million tonnes of coffee overseas for 7.41 billion USD between January and October, up 61.8% year-on-year and marking the highest annual value increase to date.

Việt Nam is seeking to diversify rice export markets and sustain growth after the Philippines extended its import ban until the end of 2025.