U.S. tariffs entered the spotlight once again in Europe on Wednesday as U.S. President Donald Trump's 50% levy on steel and aluminum imports to the U.S. came into effect.

The US Department of Commerce (DOC) has received a petition requesting anti-dumping and countervailing duty investigations into imports of hardwood and decorative plywood products from three countries, including Vietnam.

On June 5, the ‘Green and low-emission Vietnamese rice’ trademark will officially enter the export market.

Amid current global developments, Russia is emerging as a promising market for Vietnamese tuna exporters, with increasing export volumes and favorable trade conditions, the Vietnam Association of Seafood Exporters and Producers (VASEP) said recently.

Washington is purportedly driving a hard bargain in its ongoing tariff negotiations with Hanoi.

As global trade faces growing uncertainties and tariff risks, particularly from the US, Vietnamese businesses are increasingly turning to the Middle East as a stable, untapped export market.

President Donald Trump announced on Friday that he plans to double the tariffs on steel and aluminum imports—increasing the charge from 25% to 50%.

Prime Minister Anthony Albanese has criticised US President Donald Trump's pledge to double tariffs on steel and aluminium.

The European Union says United States President Donald Trump's plan to double import taxes on steel and aluminum products "adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic" and "undermines" efforts to bring an end to the wider tariffs stand-off.

By the end of May, the total textile and garment industry's exports reached nearly 16.8 billion USD, including nearly 15 billion USD from exports of textiles and garments. Exports to key markets such as the US, Japan, and Europe all saw double-digit growth.