The Indonesian government has formulated several initiatives to mitigate the adverse effects of the 32% tariff on Indonesian exports, including the establishment of a task force dedicated to addressing layoff-related issues.
PM Pham Minh Chinh asked the negotiation delegation to propose the US consider postponing the imposition of the new tariff policy for at least 45 days so that the two sides have more time to discuss and prepare for status transition.
General Secretary Lam spoke highly of the talks, during which the two leaders affirmed their desires to continue strengthening the bilateral relations for the benefit of the two countries and contributing to peace, stability and development in the region and the world as well.
Thailand is on the list of 15 countries that could be affected by Trump’s tariff policy. The average US tariff on Thai imports is 2% while Thailand levies an average tariff of 8% on US products
The most immediate impact of Trump’s tariffs will be inflation, both in the US and worldwide. As import costs rise, businesses will pass these costs onto consumers, driving up prices, said Professor Phar Kim Beng of ASEAN Studies at the International Islamic University of Malaysia (IIUM).
The US's continued practical and effective implementation of war aftermath settlement projects in Vietnam will contributing to strengthening bilateral comprehensive strategic partnership for peace, cooperation, and sustainable development.
Hang made the statement while answering a reporter’s query about Vietnam’s handling and receiving of Vietnamese nationals deported from the US, as President Donald Trump has announced that he will enact a deportation campaign against illegal immigrants or those with prior criminal records, which include Vietnamese.
Exporters were advised to make full use of FTAs, tap into niche markets, and seize new opportunities to overcome challenges in an increasingly unpredictable global trade landscape.
The National Economic and Social Development Council (NESDC) of Thailand has recommended that Thailand collaborate with other ASEAN nations to negotiate trade agreements with the US to avoid high import tariffs and penalties.
Party General Secretary To Lam, State President Luong Cuong, and Prime Minister Pham Minh Chinh on January 21 (Hanoi time) sent congratulations to Donald Trump on being sworn in as the 47th President of the US.
The US is the most important export market for Vietnam’s wood products. Thus, the policies of the upcoming administration of US President-elect Donald Trump are expected to present both opportunities and challenges for Vietnam’s wood industry.
Thailand’s currency has fallen by the most among Asian peers on investor concerns that the independence of the country’s central bank is being further eroded.
General Secretary of the Communist Party of Vietnam Central Committee To Lam talked over the phone with President-elect of the US Donald Trump on November 11 evening.
Vietnam has informed relevant countries about the presentation of its Submission on the Limits of the Extended Continental Shelf in respect of the Central Area of the East Sea, to the United Nations Commission on the Limits of the Continental Shelf (CLCS) via the diplomatic channel, said Spokeswoman of the Ministry of Foreign Affairs (MoFA) Pham Thu Hang.
Indonesian President Joko Widodo and his US counterpart Donald Trump are scheduled to meet sometime in the near future to discuss investment in Indonesia’s new capital city in East Kalimantan.
