U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.

Prime Minister Mark Carney suggested he’s unlikely to add additional retaliatory tariffs on U.S. goods, but he is trying to help affected companies develop new products and find new buyers.

Vietnam surpassed Thailand to become the world’s second largest rice exporter in the first half of 2025, behind only India, according to the Thai Rice Exporters Association.

Vietnam has issued its first national food safety monitoring process for fresh durian exports, aiming to tighten quality control and support the rising global demand for the high-value tropical fruit.

US President Donald Trump said he was “getting very close to a deal” with China to extend the trade truce that saw the two countries agree to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies.

The draft decree states that Vietnamese halal certification organisations will be supported in improving their capacity, achieving international recognition and having their certification results accepted.

The two sides agreed to promote exchanges aimed at launching negotiations for a Vietnam–Egypt Free Trade Agreement (FTA) as a breakthrough measure to increase bilateral trade volume and promote sustainable, mutually beneficial economic cooperation.

Among the seven countries surveyed by S&P Global in July, Vietnam led with a PMI of 52.4, well above the ASEAN average of 50.1. New export orders rose for the fourth straight month, reaching their fastest growth rate since November 2024.

The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said in comments aired on Sunday.

The US has implemented a new executive order, on July 31, 2025, that maintains existing rates for Vietnamese imports while imposing modified reciprocal tariffs on other countries.