White House levy to protect US makers from cheap imports likely to inflame trade tensions

China has urged the United States to immediately lift the additional tariffs imposed on Chinese products, warning that it will take resolute actions to protect the country's rights and interests, the Ministry of Commerce said on Tuesday.

Import-export activities recovered strongly, bringing significant growth in the amount of goods exploited at ports in the first quarter of 2024, thereby recording impressive business results in both revenue and profit.

Vietnamese pangasius (Tra fish) exports to the EU between the beginning of the year and mid-April dropped by 13% to US$47 million against the same period from last year, according to data released by the General Department of Vietnam Customs.

Vietnam exported nearly 46,000 tonnes of rice to the EU market worth US$41.4 million during the first quarter of the year, representing an increase of nearly 118% against the same period from last year, according to statistics released by the General Department of Vietnam Customs.

Export businesses spend the most to invest in greening activities to target markets in developed countries, where environmental standards are higher and consumers are more aware of the environmental issue.

According to the European Union (EU) regulations, from June 2024, all businesses related to goods exported from Vietnam to the EU must declare data before the goods arrive in the Import Control System (ICS2). If Vietnamese businesses are not aware of these regulations, they may face serious consequences.

The country confirmed the further application of tariffs on products from the EU, Great Britain, Japan, South Korea and Indonesia