Canada is seeking to finalize a free trade deal with Southeast Asian nations as part of a push to expand into new markets, its top diplomat said, responding to the hefty tariffs imposed on it by the United States, its neighbor and largest trade partner.

The forecast was made following the strong economic performance of the country in the second quarter.

Vietnam’s squid and octopus exports are projected to exceed US$700 million this year, buoyed by strong performance in the first five months, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

For the first half of 2025, the IIP rose by 9.2% compared to the same period last year, marking the highest growth rate since 2020, the office reported.

To compete globally beyond cheap assembly, Vietnam must embrace transparent origins and smart localization, fostering an ecosystem for creative products that carry a unique national identity and value, according to Huynh Thanh Dien.

President Donald Trump said Tuesday there would be “no extensions” granted to the new Aug. 1 deadline he set Monday for U.S. trading partners to negotiate new deals or face significantly higher tariffs on goods imported from their countries.

Donald Trump has said he will sign an order this week to slap a 50 percent tariff on copper imports.

U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva, who just hosted the bloc's annual summit.

After nearly a year of investigation, Vietnam has decided to officially impose anti-dumping duties on imports of hot-rolled steel from China to protect domestic production against mounting pressure from cheap imports.

MITI said the decision to impose the duties, in the form of a bank guarantee and ranging from 3.86 to 57.90%, was made after preliminary investigations found sufficient evidence that these imports were brought into Malaysia at dumped prices.