The temporary agreement between the US and China to slash the severe reciprocal tariffs imposed on each other and to cooperate to prevent further disruption to the global economy should have a positive impact on trade, according to an analyst.

The United States Department of Commerce (DOC) has just issued a preliminary determination in its anti-dumping investigation into thermoformed fiber molded products imported from Vietnam.

While the policy reflects Vietnam’s intent to strengthen trade relations with the US, the real impact on car prices will be modest partly because import tariffs are just one part of the vehicle's cost.

The adjustments in the U.S. tariffs are poised to reshape Vietnam’s textile, clothing and footwear industry, prompting businesses to reassess their strategies and operations.

With the Chinese market moving to tighten import regulations, Vietnamese fruit and vegetable exports in the first four months of the year endured a sharp decline, especially durian, a product that achieved record-breaking figures last year.

A surprise breakthrough in US-China trade tensions has unleashed a flurry of activity across Chinese factories and ports as companies in both countries rush to make the most of a 90-day rollback of heavy tariffs announced earlier this week.

With coffee prices consistently high and export markets showing impressive growth, Vietnam’s coffee industry is entering a golden phrase, requiring better quality, branding, transparent traceability, and sustainability, according to insiders.

The United States has told Vietnam its trade deficit with the Southeast Asian country is "unsustainable" and a major concern, Vietnamese state media reported on Friday, as the two countries hold negotiations on tariffs.