Economy
The United States recorded a trade deficit of $60.2 billion in goods and services in June 2025, a marked improvement from the $71.7 billion registered in May, according to data released on August 5 by the U.S. Census Bureau and the Bureau of Economic Analysis. This reduction was driven by a lower deficit......
Donald Trump revealed on Wednesday that he has reached a trade agreement with Vietnam, under which American products will be exempt from tariffs, while Vietnamese exports to the U.S. will face a minimum 20% surcharge. Trump stated that all goods imported from Vietnam will be subject to a 20% tariff......
U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......
A recent agreement between the United States and China to pause tariffs has shifted the dynamics for manufacturing hubs such as Mexico and Vietnam. These countries now face pressure to negotiate favorable trade deals with the U.S. to continue benefiting from the "China-plus-one" strategy used......
Apple exceeded market expectations in the first quarter, buoyed by a rebound in iPhone sales. However, the company warned that newly imposed tariffs by Donald Trump could significantly increase costs in the coming months. CEO Tim Cook indicated during the earnings call that tariffs could cost Apple up......
Vietnam and the United States have officially begun trade negotiations as Hanoi seeks to ease a hefty 46 percent tariff recently announced by former US President Donald Trump. According to Vietnam’s Ministry of Industry and Trade, Minister Nguyen Hong Dien and US Trade Representative Jamieson......
On April 21, China accused the U.S. of misusing tariffs and cautioned countries against entering trade deals with the United States that would harm China's interests. This statement escalates tensions in the ongoing trade war between the two largest global economies. China's Ministry of Commerce......
In his visit to Hanoi on April 14, Chinese President Xi Jinping emphasized the importance of deepening trade and supply chain cooperation between China and Vietnam in response to challenges posed by U.S. tariffs. Xi's visit, part of a broader Southeast Asia tour, follows the imposition of significant......
Vietnam is taking significant steps to address U.S. concerns over Chinese goods transshipped through its territory, in a bid to avoid harsh tariffs. In response to U.S. scrutiny, including from trade advisor Peter Navarro, the Southeast Asian nation is tightening controls on both Chinese goods shipped......
As the doors to the United States potentially close or become increasingly expensive, countries around the world, including Spain, are seeking alternatives. Spain's Prime Minister, Pedro Sánchez, is embarking on a visit to China and Vietnam this Wednesday, aiming to diversify the nation's......
Vietnam has announced its intention to begin trade negotiations with the United States, following a series of tariff-related tensions. During the first quarter of the year, the US was Vietnam's top export destination. However, the recent imposition of a 46 percent tariff by President Donald Trump—part......
During a visit to Vietnam, Spanish Prime Minister Pedro Sánchez emphasized the negative impact of trade wars, especially highlighting the tariffs imposed by the Donald Trump administration, which have raised the costs of Vietnamese products by up to 46%. Sánchez made this statement while......
U.S. President Donald Trump’s sweeping tariffs on imports from dozens of countries officially took effect on Wednesday, triggering a sharp escalation in global trade tensions. Among the most significant were 104% duties on Chinese goods, a move that intensified market instability and accelerated......
