Amid pressure from the US reciprocal tax policy, Vietnamese textile enterprises are carrying out various solutions to maintain growth momentum and enhance their position in the global supply chain.

Goods worth less than $800 will be subject to 120% levy meaning prices on Chinese exports will probably increase.

Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Trade and Deputy Prime Minister Gan Kim Yong.

U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.

President Donald Trump said high tariffs could be here to stay and he’d declare “total victory” if import taxes were as high as 50% a year from now, according to an interview with Time released Friday.

Asian economies geared for exports and facing some of the highest US “reciprocal” tariffs are leading the way over their western counterparts in trade negotiations with the Trump administration.

Experts believe that to create momentum for businesses amid current challenges, the government needs to make even stronger breakthroughs to support enterprise development.

Japanese Prime Minister Shigeru Ishiba is scheduled to begin an official two-day visit to Vietnam on April 27, which is expected to add fresh impetus to the Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World that the two countries established in 2023.

The investigation targets products mainly classified under HS codes 7217.10 (non-coated or non-plated steel wire), 7217.20 (zinc-coated or plated steel wire), 7217.30 (steel wire coated or plated with other base metals), 7217.90 (other steel wire), 7229.20 (stainless alloy steel wire), and 7229.90 (other alloy steel wire).

Việt Nam's logistics industry is undergoing a transformation, shifting from traditional logistics operations to a high-tech service industry in the 4.0 era, industry experts have noted.