The European Union hopes to avert a damaging trade war with the US over impending metals tariffs by prioritising negotiations rather than retaliatory countermeasures, EU officials signalled on Wednesday.

Through tariffs, President Trump may inadvertently pave the way for a reordering of trade relationships and the emergence of new economic blocs.

In response to the European Union’s Regulation on Deforestation-Free Products (EUDR), the Vietnamese coffee industry faces the urgent need to adapt in order to maintain and expand its market share in the Nordic region, which has stringent sustainability standards. This presents both a challenge and an opportunity for Vietnamese enterprises to establish their position in the global supply chain.

The aluminum and steel industries are undergoing significant market adjustments to adapt to evolving industry dynamics.

The ASEAN Trade in Goods Agreement (ATIGA), once upgraded, will provide favourable opportunities for Vietnamese agricultural exporters to explore and expand their markets within the bloc, especially in the Halal market, according to Vietnam SPS Office.

The US President’s tariff hikes will particularly impact countries with high trade surpluses with the US, analysts warn

Indonesia is seeking to diversify its markets as global protectionism intensifies, while also taking steps to defend its local manufacturers, Deputy Trade Minister Dyah Roro Esti Widya Putri said.

In 2024, Vietnam’s major agricultural export markets will continue to be the US, China, Japan, and the European Union (EU). With the target of agricultural, forestry, and fishery export turnover in 2025 reaching about 65 billion USD, maintaining and creating growth momentum in key markets is an important requirement.

Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of galvanised iron coils/sheets or galvanised steel coils/sheets originating from or imported from Việt Nam, China and South Korea.

In his opening remarks at the event, Deputy Minister of Information and Communications Bui Hoang Phuong called on French corporations and enterprises to further invest in Vietnam in particular and ASEAN in general.