Vietnamese manufacturers should use domestically-sourced raw materials to avoid incurring U.S. tariffs, Vietnam's foreign ministry said on Thursday, days after Washington said it would impose large duties on some steel products shipped through the Southeast Asian country.

US tariffs against China must be lifted for the two sides to reach a deal to end the trade war, the Chinese commerce ministry said Thursday.

South Korea warned Thursday of "corresponding measures" against Japan's move to restrict key supplies for the nation's semiconductor industry and renewed its pledge to develop home-grown materials, in a major escalation of a long-simmering row over compensation for wartime forced labor.

The freshly-signed EU-Vietnam Free Trade Agreement (EVFTA) will help the Vietnamese steel sector expand export markets in Europe, industry insiders said.

The US Department of Commerce (DOC) has announced preliminary rulings on the circumvention inquiries into Vietnamese cold-rolled steel (CRS) and corrosion-resistant steel (CORE) exports made from materials imported from Chinese Taiwan and the Republic of Korea (RoK).

China will host a ministerial conference of the Regional Comprehensive Economic Partnership (RCEP) from Aug. 2 to 3 in Beijing, the Ministry of Commerce (MOC) said Thursday.

With China’s demographic dividend gradually disappearing in recent years, production costs have soared in the world’s second largest economy.

The European Union Vietnam Free Trade Agreement (EVFTA) was signed on June 30 in Hanoi paving the way for its conclusion and increased trade with the EU and Vietnam.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Việt Nam’s agricultural products to reach global markets. However, agricultural products are the most vulnerable commodity when it comes to trade disputes.

As a new free trade agreement (FTA) with the deepest integration levels ever, the EU-Vietnam Free Trade Agreement (EVFTA) will be an important impetus to foster Vietnam's exports to the EU. At the same time, the FTA will be a "key" for Vietnamese enterprises to penetrate deeper into one of the largest markets with the most potential in the world. However, unlocking the full benefits and opportunities from this deal is not easy.