The tiny southern African kingdom of Lesotho has been hit with a 50% reciprocal trade tariff by US President Donald Trump, the highest levy of any single state on his long list of target economies.

Britain on Wednesday published a 400-page list of US goods it could include in any possible retaliatory tariff response to President Donald Trump's levies on British imports, even as it pressed ahead with talks to reach an economic deal with Washington.

The Ministry of Finance is now working closely with other agencies to evaluate policy options that support businesses. Possible solutions include market diversification, supply chain optimisation, and leveraging opportunities from Vietnam’s existing free trade agreements.

As Canada navigates a new economic landscape following Prime Minister Justin Trudeau’s resignation, the focus shifts to how the upcoming leadership will address evolving trade dynamics. With a potential pivot towards markets like Vietnam, the implications for Canadian exporters and broader trade relations are gaining traction.

In the wake of the US' fresh announcement of a 46% tariff on Vietnamese exports, Director of the Ministry of Industry and Trade (MoIT)’s Department of Foreign Market Development Ta Hoang Linh remains optimistic about the potential for negotiations to achieve a mutually beneficial outcome.

Vietnamese National Assembly Chairman Tran Thanh Man and his Armenian counterpart Alen Simonyan have discussed ways to boost bilateral cooperation, with a focus on economic, trade, and cultural ties.

Reciprocal tariffs imposed by the United States on imported goods are presenting both opportunities and challenges for Vietnamese exports to the Northern European market.

Industry insiders pointed to stable raw material prices and a strategic shift towards higher-value processed products as key factors underpinning the strong performance of the two top earners -shrimp and tra fish.

There is a long tradition of bilateral relations between Germany and Vietnam. Vietnam has also been an important partner country within the Partnering in Business with Germany programme since 2008.

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war.