U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident the United States can secure a trade deal with the European Union, but August 1 is a hard deadline for tariffs to kick in.

Vietnam’s plan to open its market to US goods with a 0% import tariff not only creates opportunities for consumers to access high-quality products at better prices, but also serves as a major test for the competitiveness and adaptability of domestic enterprises under pressure from foreign imports.

Vietnam’s wood industry is facing mounting challenges as global economic uncertainties and stricter trade policies reshape the international trade landscape.

"They are not big countries," says Trump, according to the American political digital newspaper.

The US president is now focused on cutting purchase deals with Beijing, similar to one he forged during his first term, and celebrating quick wins instead of addressing the root causes of the trade imbalances.

President Donald Trump’s tariffs are taking shape—and they’re taking on a kind of color, too. If you look at the tariffs and assign different colors to each sector they touch, they start to look like a collection of different stones, even stained glass. They’re turning into a “mosaic.” That’s the metaphor used by Monica Guerra, head of US Policy at Morgan Stanley Wealth Management.

Recent data from the Labor Department has shown that the price of foreign exports to the U.S. — before tariffs — has held steady over the last few months. That means U.S. importers are absorbing most of the tariff burden.

The EU's retaliatory tariffs on US exports have been delayed again, European Commission President Ursula von der Leyen has announced.

US President Donald Trump has settled on another tariff deal - this time with Indonesia.

US President Donald Trump on Wednesday (IST) said that Washington is close to gaining full access to India, as he announced a trade deal with Indonesia that will now face a reduced tariff rate of 19 per cent, Reuters reported.