US President Donald Trump substantially raised tariffs on steel and aluminium imports on Monday to a flat 25% "without exceptions or exemptions" in a move he hopes will aid the struggling industries in the US but which also risks sparking a multi-front trade war.

US tariffs on steel and aluminium imports are expected to lead a surge of products into Malaysia, a local trade group warned on Wednesday and urged the government to step up its anti-dumping efforts.

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son and Indonesian Foreign Minister Sugiono held a phone conversation on February 10, during which they reaffirmed their commitment to deepening bilateral ties and stepping up cooperation across multiple fields.

U.S. President Donald Trump has delayed the suspension of the de minimis provision, which allows packages worth less than US$800 to enter duty-free, but Vietnamese businesses remain concerned about the future of importing, specifically a wave of cheap imports.

More than $4.33 billion in foreign investment was registered in Việt Nam in January, an increase of 48.6 per cent compared to the same period last year.

US President Donald Trump said on Sunday that he will announce on Monday new 25% tariffs on all steel and aluminum imports into the US, which would come on top of existing metals duties in another major escalation of his trade policy overhaul.

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the US' favour.

The European Union (EU) is introducing stricter regulations on food safety and sustainability in order to reduce environmental impact and ensure product quality that are expected to significantly affect Vietnamese exporters to the Nordic market, warned the Ministry of Industry and Trade of Vietnam.

As the US considers new global tariffs, Vietnam’s booming electronics industry faces both growth opportunities and risks, particularly in the semiconductor supply chain.

Canada will keep trying to persuade the Trump administration to drop its tariff plans, in part by reaching out to US states that have significant trading relationships with their northern neighbour, trade minister Mary Ng said.