The United States has more to lose from a full-blown trade war with the EU than it does with its current conflict with China, experts have told CNBC.

 “The EU and Vietnam should accelerate preparations for implementing their free trade agreement (EVFTA) and investment protection agreement (EVIPA) as soon as they take effect,” Helena Konig, Deputy Director-General of Trade in the European Commission, told reporters. 

The Draft Decree to amend Decree 125/2017/ND-CP amending and supplementing the Government’s Decree No. 122/2016/ND-CP on the Export Tariff, Preferential Import Tariff, List goods and absolute tariffs, mixed taxes, and non-quota import duties has been formally completed.

Việt Nam’s fruit export value in 2018 reached nearly US$4 billion, with fruits sent to big markets like the US, Europe and Japan.

On Wednesday, the 21st of August 2019, after months of tentative talks, Mexican tomato producers had reached a last-minute accord with Trump Administration, which in effect would thwart an anti-dumping investigation by United States and conclude a tariff dispute that had been keeping Mexican tomato producers at their toes for months, a statement issued by Mexican government had unveiled on Wednesday (August 21st).

The Trump administration is still planning for a round of in-person talks between U.S. and Chinese officials in September after a constructive exchange this week between deputy-level negotiators, White House economic adviser Larry Kudlow said on Thursday.

Material inputs Vietnam needs for its electronics manufacturing and exports could be disrupted by ongoing Japan-South Korea trade tensions, experts caution.

India is challenging certain parts of rulings given by the WTO's dispute settlement panel on a solar case against the US, according to a communication by the World Trade Organization. Though India has won this case against the US as most of the ruling is in favour of India, New Delhi has challenged certain issues of law and legal interpretation covered in the panel's report or ruling. 

The European Union hopes to ease trade tensions with U.S. President Donald Trump when the leaders of the world’s seven major advanced economies meet in France over the weekend, a senior EU official said on Thursday.

Move follows negative feedback from industry and view that FTAs have hurt Indian manufacturing.