Vietnam and the EU strengthen trade ties as US tariffs affect global commerce

Vietnam and the European Union have agreed to upgrade their trade and diplomatic relationship. This move comes as new US tariffs, announced by President Trump, are reshaping global trade patterns.

Despite these tariffs, Vietnam's economy grew by 8% last year, and its trade surplus with the United States reached a record high. Meanwhile, Indonesia has stated it is not concerned about a separate 25% tariff Trump proposed on countries that trade with Iran.