In announcing a new trade deal with Vietnam, President Donald Trump said (Opens in a new window), “It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam.” Never going to happen.

Kamal stated that Vietnam aims to increase its global trade volume from the current $800 billion to $1 trillion—a goal that presents significant opportunities for Pakistan. He added that Vietnam is one of the world’s largest producers of plastic paper and has shown interest in establishing production facilities in Pakistan.

Minister for Commerce Jam Kamal Khan says Pakistan and Vietnam have agreed on a roadmap to strengthen their trade and economic relations. In a televised message from Vietnam, he said Vietnam sees immense opportunities of collaboration with Pakistan.

Vietnam will devise measures to improve product quality to cope with potential risks from U.S. tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country's deputy trade minister said on Wednesday.

At the heart of Trump’s latest trade deal with Vietnam and talks with other trading partners is an effort to counter what he sees as China’s unfair practices to circumvent U.S. tariffs.

Trump said the U.S. will impose a 20% tariff on Vietnamese exports to the U.S. Goods transshipped through Vietnam will get 40%.

Vietnam’s deal with the U.S. will complicate trade with China Vietnam finds itself caught between its two biggest trading partners as the Trump administration tries to stop Chinese exporters ...

Chinese state media warned the Trump administration against striking deals that sideline China, after the president announced that Asian countries would face higher tariffs starting on Aug. 1.