Vietnamese exporters are seeking strategic solutions to mitigate the impact of potential US tariffs on lumber and forestry products.

Fruit and vegetable exports to China in the first two months of this year fell by nearly half compared to the same period last year, as the country tightened inspections of chemical residues in durian, jackfruit, and dragon fruit.

Though simpler and less costly, exporting goods via unofficial channels poses risks for businesses, such as violating import laws or facing high dispute rates. In contrast, formal exports are more complex and high cost but bring about greater benefits for businesses, including state support and easier market access. For a large and demanding market like the European Union (EU), the later practice is a sustainable path for businesses.

China has just introduced a series of solutions to strive to achieve ambitious economic growth targets in the context of the Donald Trump administration escalating trade tensions.

The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners.

The Southeast Asian country is expected to be affected by several of the new US tariffs, but not as severely as many other nations, said Deputy Minister of Trade and Industry Nguyễn Sinh Nhật Tân.

As new tariffs on imported goods may create significant impacts on domestic enterprises and foreign-invested enterprises (FIEs), legal reform is increasingly important for Vietnam to maintain its attractiveness and competitiveness.

The US's imposition of an additional 10% tax on Chinese imports from early March continues to raise concerns about global trade and new challenges, but not without opportunities.