Vietnam and Indonesia ahead in negotiations; Thai turmoil takes toll on deal attempt.

The U.S.-Vietnam Trade Deal, effective July 9, 2025, imposes a 20% tariff on Vietnamese footwear imports and a 40% levy on transshipped goods—those originating from countries like China and minimally processed in Vietnam.

Washington’s latest trade decision hints at a broader diplomatic recalibration, as the global economic landscape demands new strategies to balance innovation with national interest.

President Donald Trump said Wednesday that the United States has struck a trade deal with Vietnam that includes a 20% tariff on the Southeast Asian country’s imports to the U.S.

President Donald Trump said he is not considering delaying his July 9 deadline for higher tariffs to resume and renewed his threat to cut off talks and impose duty rates on several nations, including Japan.

A week before US President Donald Trump reimposes steep tariffs on dozens of economies, including the EU and Japan, many are still scrambling to reach a deal that would protect them from the worst.

As Trade Commissioner Maroš Šefčovič heads to Washington, the EU is willing to accept a 10 percent baseline tariff in return for some up-front relief.

The Vietnamese economy is demonstrating remarkable recovery amidst global turbulence, earning positive endorsements from major international organizations like the IMF, OECD, World Economic Forum (WEF), and UOB bank.

Despite the United States maintaining a significant lead in AI chip technology, China's rapid progress in AI chip production and development is noteworthy. However, efforts by the US to impede China's AI advancement through export restrictions may ironically yield counterproductive outcomes.

Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms.