Team Thailand has successfully negotiated a reduction in the US reciprocal tariff from 36% to 19%, which officially took effect at midnight on August 6.

The recent US decision to impose a 15 per cent tariff on Jordanian exports has drawn considerable attention in economic circles.

Vietnam's squid and octopus exports to Thailand increased by 37% in the first half of the year, making Thailand Vietnam's fourth largest single market, and with the prospect of becoming a key market thanks to many favorable factors.

The Chinese market is seeing surging demand for durian, driving increased interest from importers in sourcing supplies from Vietnam.

Like many countries around the world, Vietnam is transitioning from a linear economy to a circular one, with early steps already underway.

The move comes after Washington paused its "reciprocal tariffs" for almost four months to allow countries to negotiate trade deals with the US.

President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age.

The Ministry of Industry and Trade (MoIT) is expected to submit to the Prime Minister on August 8 a comprehensive response plan to address the recent adjustments in US reciprocal tariffs.

Vietnam will continue talks with the United States to finalise a trade agreement between the two countries, the Southeast Asian country's government said on Thursday, as U.S. President Donald Trump's new tariffs took effect.

Tougher U.S. trade penalties on goods originating in one country being re-shipped from another are not expected to immediately follow new U.S. tariffs, three people in Southeast Asia with knowledge of the matter said, easing a major cause of concern.