President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans.

China retaliated against Donald Trump’s latest tariffs with commensurate levies on all American goods and export controls on rare earths, dealing a fresh blow to global markets and prompting the US president to quickly deride Beijing’s reaction as the “wrong” move.

The European Union (EU) needs to be open to all potential means of retaliation against US tariffs, according to Spanish Minister for Economy, Trade and Business, Carlos Cuerpo.

Hoai said the US's proposed reciprocal tariff of 46% on imports from Vietnam can have significant and multifaceted impacts on the Southeast Asian country’s exports and economic growth in the near future.

Vietnam is implementing multiple synchronized measures to respond to the United States’ 46% reciprocal tariff, aiming to cushion its negative impact on exports and the economy in general.

President Donald Trump blasted China for retaliating against his sweeping tariff plan and vowed his economic policies “will never change”, as the prospect of a trade war wreaked more havoc on the global economy.

In Tien Giang Province, where durian is a key export, stakeholders are calling for urgent solutions to ensure the sector can adapt and remain competitive.

US customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

Michael Kokalari, Chief Economist at VinaCapital, described the April 2 announcement of ‘reciprocal tariffs’ as “completely unexpected”. “Based on our analysis, these tariffs will make it difficult for Vietnam to achieve its 8% GDP growth target,” he said.

According to the Vietnam Trade Office in Sweden, which is also in charge of Norway, Denmark, Iceland, and Latvia, in the context of the US imposing reciprocal tariffs on imports from many countries, Vietnam should expand its exploitation of the Northern European agricultural, forestry and fishery market.