The UK and EU have agreed to extend trade rules on electric vehicles until the end of 2026 to keep costs down for manufacturers and consumers, the Prime Minister has announced today (Thursday 21 December).

The Biden administration wants to put more electric vehicles (EVs) on American roadways, just not Chinese-made models. According to The Wall Street Journal, the White House is considering raising the nation’s tariff on imports of automobiles from China.

Many UK cheese makers could face 245% duty from 1 January, making exporting unaffordable

Growth is expected to slow by about 10 - 12 per cent compared to the last quarters of 2023.

The quiet atmosphere of commercial activities in Vietnam's major export markets such as the US, EU... is forecast to end soon, along with the long-term attachment strategies of brands and retailers for the Vietnamese market is opening up bright prospects for production and export activities in the coming time. Meeting new environmental and social standards... will help Vietnamese businesses grasp the opportunity to recover.

Vietnam earned around US$10 billion in revenue from seafood export every year. Although the output of shrimp and fish exports are quite optimistic but the export value has remained unchanged.

The European Union approved on Thursday a proposal to delay a 10% tariff on electric vehicles in trade with the UK until December 2026 from an original date of entry into force on January 1, 2024.

On the last working day of the 6th Session, the National Assembly passed a Resolution on the application of additional corporate income tax according to regulations on preventing global tax base erosion, taking effect from January 1, 2024. So in less than 1 month, the global minimum tax mechanism will officially be implemented in Vietnam. This is expected to have a major impact on attracting foreign investment (FDI) in Vietnam.