In the context of fluctuating global trade, Europe remains a highly promising market for Vietnamese enterprises seeking to boost exports — provided they can take full advantage of preferential mechanisms and market opportunities.

The massive 50% tariff imposed by the US on certain imports from India, which took effect in August 27, has caused considerable disruptions in bilateral relations. For India, while affirming that it will not bow down to the US’s new tariff measures, a diplomatic solution is seen as necessary for the benefit of both sides and all concerned parties.

US President Donald J. Trump signed an Executive Order on August 1 (Viet Nam time) which adjusts rates for 69 countries and territories listed in Annex I. The reciprocal tariffs on Vietnamese imports have been lowered to 20% from 46%.