Wood businesses are closely monitoring market developments to swiftly craft solutions in response to volatile tariff policies on a global scale.

White House walks back doubling of steel and aluminum tariffs as Ontario relents on electricity levy after tit-for-tat day

Talks between the US and China on trade and other issues are stuck at lower levels, people familiar with the matter said, with both sides talking past each other and failing to agree on the best way to proceed.

Vietnam is to work with the United States on ways to reach a trade balance and circumvent the latter’s heavy tariff imposition.

Among Canada’s top 10 trading partners, Vietnam remains its 7th largest import partner.

US and EU tariff barriers create significant challenges for Vietnamese agricultural products, but there are also opportunities for businesses that are ready to adapt promptly.

Australia is playing down the possibility of an exemption from steel and aluminium tariffs expected from US President Donald Trump within days, despite last-minute discussions between officials in Canberra and Washington.

Vietnam officially became the 107th country to join the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA), meaning the EU will not apply any tax or non-tax defensive measures against the Southeast Asian nation.

Negotiations on the long-stalled Malaysia-European Union Free Trade Agreement are being revived as both sides finalise preparations, with trade and geopolitical stability key priorities.

Building on the positive results achieved in 2024, the Philippine market continues to be a promising destination for Vietnamese exports in 2025, contributing to the sustainable development of bilateral trade relations.