It seems to have come as a shock, however, for entrepreneurs and experts, it is a turning point that could help Vietnamese enterprises strengthen their resilience, restructure their value chains, and gradually assert their position in the global marketplace.

As the text of a trade agreement comes together, European Union negotiators haven’t persuaded the Americans to cut alcohol tariffs to zero.

U.S. Commerce Secretary Howard Lutnick said Tuesday that a document on the recent deal on U.S. tariffs on imports from Japan will likely be released “weeks away.”

India has temporarily waived cotton import duties from Aug 19 to Sept 30 to support garment exporters facing a steep 50 per cent tariff from the United States.

Earlier this summer, Dajiah Blackshear-Calloway, 34, began to notice that regular customers weren't coming to her hair salon as often as they used to.

The US president has threatened to impose a tariff of up to 300 percent on imports of semiconductors.

In response to U.S. reciprocal tariffs, some Vietnamese wood manufacturers are considering producing on the American soil, said Ngo Sy Hoai, vice chairman and general secretary of the Vietnam Timber and Forest Products Association (Viforest).

U.S. President Donald Trump said on Friday he would announce tariffs on imports of steel and semiconductor chips in coming weeks.

The US side argues that the DSA imposes costs on US technology companies, but the European Commission has declared that loosening these regulations is an unacceptable "red line".

LEFASO General Secretary Phan Thi Thanh Xuan said that due to major changes in tariff policies, market diversification is one of the goals of the Government as well as the footwear industry.