VINACHEM

Prime Minister Pham Minh Chinh has decided to establish a special task force to strengthen cooperation and proactively respond to adjustments in US economic and trade policies. 

Minister of Industry and Trade Nguyen Hong Dien sent a diplomatic note requesting the U.S. to cancel the imposition of 46 percent tariff on imports from Viet Nam and allow more time for a constructive dialogue. 

In the wake of the US' fresh announcement of a 46 per cent tariff on Vietnamese exports, director of the Ministry of Industry and Trade (MoIT)’s Department of Foreign Market Development Tạ Hoàng Linh remains optimistic about the potential for negotiations to achieve a mutually beneficial outcome. 

Oil prices fell by as much as 3% on Thursday after US President Donald Trump announced sweeping new tariffs that investors worry will spark a global trade war that will curtail economic growth and limit fuel demand. 

The Trump administration is set to slap a broad set of tariffs on imported goods. Similar policies have had a range of impacts in the past. 

US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. 

China vowed to retaliate after being hit with Donald Trump’s biggest tariffs yet, which threaten to decimate trade between the world’s largest economies.