Vietnam has risen to become the second largest exporter of smartphones to the United States, trailing only behind India, which topped the rankings for the first time, according to global technology vendor Canalys.

Since President Donald Trump began his second term in office, the European Union has steeled itself for what it sees as an existentially important battle.

In the first half of this year, coffee exports surged to $5.5 billion, with rice exports totalling $2.45 billion.

With traditional markets tightening through tariffs, technical barriers, and declining demand, Africa offers a strategic avenue for Vietnam to diversify its markets and supply chains.

The US and European Union (EU) agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.

Senior US and Chinese negotiators meet in Stockholm on Monday to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce keeping sharply higher tariffs at bay.

The US deadline of Aug 1 for imposing tariffs on its trading partners is firm and there will be no extensions, Commerce Secretary Howard Lutnick said on July 27.

The Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, as President Donald Trump suggested higher tariffs were on the horizon.

Finance Chiefs of Two Countries to Meet on July 31 Amid Looming Tariff Deadline.

In recent years, several pioneering Vietnamese firms have established legal entities or representative offices in India.