Japan's trade minister said he had asked the United States not to impose trade tariffs on his country, but did not win any assurance that Japan would be exempt, including from a 25% steel and aluminium duty set to start on Wednesday.
Experts see US President Donald Trump's recent tariff hikes on Canada, Mexico, and China as the start of his administration's trade policies, with potential for broader tariffs.
Việt Nam’s agricultural, forestry and fishery exports hit a five-year high in the first two months of 2025, according to data released by the Ministry of Agriculture and Environment on Tuesday.
Aquatic exports surged 18.2% to more than US$1.4 billion on year in the first two months of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Trade Remedies Authority of Việt Nam urged businesses to continue monitoring the export and import of plywood products to prevent illegal transhipment and the misrepresentation of Vietnamese origin.
China announced tariffs on over US$2.6 billion (RM11.5 billion) worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war largely driven by US President Donald Trump's tariff threats.
President Donald Trump said tariffs on Mexico and Canada could go higher than a 25% rate imposed earlier this week, injecting further uncertainty into trade policies that have rattled markets and left businesses on edge.
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