China racked up record steel exports in the second quarter, as flows from the world’s top producer defied expectations for volumes to fade under a barrage of trade measures https://t.co/oDjWI0OPr1 ...

Economic Performance - Singapore's economy expanded in the second quarter [1] - The expansion avoided a technical recession [1] Industry Dynamics - Rise in construction activity contributed to the expansion [1] - Strong exports supported the economic growth [1]

Trade Policy Changes - US President considers raising universal baseline tariff from 10% to 15% or even 20% [4] - Potential doubling of the baseline tariff, impacting the cost of goods bought from abroad [4] - Initial postponement of major tariffs deadline suggested a potential softening of trade stance, but subsequent threats indicate otherwise [5] Canada Trade Relations - US President announces 35% tariffs on imports from Canada [1][2] - Canada is the second largest US trading partner and the largest buyer of American goods last year [2] - Exemptions for USMCA compliant goods and lower 10% tariff for energy imports may soften the impact [2] - The decision on tariffs is not final [3] Broadening Trade War - New tariff threats against Canada and Brazil [5] - Potential 50% tariff on copper and 200% tariff on pharmaceuticals [6] - A vast expansion of the trade war on multiple fronts is occurring [6]

Trade Relations & Economic Impact - Vietnam's economy is heavily reliant on exports, representing approximately 90% of its GDP [4][8] - The US is Vietnam's largest export market, leading to a significant trade surplus and making it a target for potential tariffs [1] - Potential tariffs from the US, such as a proposed 46% tariff, could profoundly impact Vietnam's economy and manufacturing sector [2][10] - Vietnam experienced substantial foreign investment, exceeding $600 billion since 1988, contributing to export growth [7] Geopolitical Strategy & Manufacturing - Vietnam has become a major player in the global supply chain, manufacturing goods for various American companies and global brands [3][4] - The "China Plus One" strategy led companies to relocate some production to Vietnam to avoid tariffs on Chinese goods, benefiting Vietnam during US-China trade tensions [8][9] - Vietnam employs a "bamboo diplomacy" strategy to navigate complex relationships between the US and China, balancing economic and geopolitical considerations [15][16] - Vietnam's government is proactively engaging with the US to mitigate trade imbalances, including purchasing US products [12] Historical Context & Economic Development - Post-war Vietnam was one of the world's poorest countries, but economic reforms and policies to attract foreign investment have driven significant growth [5][6] - Vietnam's strategy of offering tax incentives, infrastructure development, and an open attitude to global manufacturers has been successful in attracting foreign investment [6]

3 months after Donald Trump announced so-called reciprocal tariffs on nearly every country in the world threatening to dramatically raise tariff rates um if if negotiations weren't successful. He's come back with about two dozen letters that he's posted on social media in typical Trumpian fashion reiterating that he will essentially impose more or less the same rates that he established in April if negotiations aren't successful over the next couple of weeks. today offers a reprieve to Asian exporters becau ...

Taiwan’s exports are on a tear, powered by global demand for AI — but the boom is becoming a flashpoint in trade relations with Washington and a growing risk for the economy https://t.co/NmfQtMYWZH ...

German exports sank more than anticipated in May as the value of shipments to the US plunged to their lowest level in more than three years amid Trump’s tariff threats https://t.co/JiMjFORRst ...

Japan’s exports edged up in the first 20 days of June ahead of the Trump administration’s scheduled imposition of higher tariffs https://t.co/kIaw1Hkv94 ...

France’s Industry Minister Marc Ferracci says agreeing to 10% tariffs on European exports to the US would be a bad deal https://t.co/ep3HaIxDFS https://t.co/gyDM6QvniH ...

Canada’s share of exports destined for the US shrank to the smallest proportion since at least 1997, excluding the Covid pandemic, while shipments to other countries reached a new high. https://t.co/NfAX2xXD7f ...