U.S. President Donald Trump is planning to impose new tariffs Tuesday on Canadian and Mexican exports to the United States, but Commerce Secretary Howard Lutnick said Sunday they may not be as high as the 25% figure Trump was planning.

In 2024, Vietnam’s trade surplus with the US reached approximately US$140 billion, marking a nearly 20% increase from the previous year and setting a record high.

US President Donald Trump has announced plans for tariffs that could hit virtually all of Vietnam's goods exports to its top market, worth last year more than UScopy42 billion, according to UN data, about 30% of Vietnam's gross domestic product.

Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.

In January, blue dragon fruit became Vietnam’s biggest fruit export, raking in a revenue of US$58 million, while durian lost its “king” export status, as its revenue plummeted by 73%, down to US$31 million.

Indian Prime Minister Narendra Modi and the European Union have agreed to push for the conclusion of a free trade pact this year, European Commission President Ursula von der Leyen said on Friday.

Japan, the United States, China, the Republic of Korea (RoK), and the EU were Vietnam’s five largest seafood export markets in January, with Japan being the largest consumer, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Sweden has expressed strong support for the swift establishment of a Free Trade Agreement (FTA) between the European Union (EU) and Malaysia. This endorsement aligns with Sweden’s active participation in EU trade negotiations, as the country does not independently conclude FTAs but collaborates within the EU framework.

US President Donald Trump on Saturday ordered a new trade investigation that could heap more tariffs on imported lumber, adding to existing duties on Canadian softwood lumber and 25% tariffs on all Canadian and Mexican goods due next week.

Vietnamese tuna exports to major markets recorded a downward trajectory in January, with turnover falling by 16% to more than US$66 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).