Beijing said Tuesday it had filed a complaint with the World Trade Organization against the United States over President Donald Trump's tariff increases on Chinese goods.

China on Tuesday swiftly retaliated against fresh US tariffs, announcing hikes to import levies covering US$21 billion (RM93.8 billion) worth of American agricultural and food products, moving the world's top two economies a step closer towards an all-out trade war.

The Canadian government announced a sweeping package of counter-tariffs against US-made products, after US President Donald Trump confirmed that his administration will go ahead with levies against Canada and Mexico on Tuesday. 

Asia remained the dominant market for Vietnam’s agro-forestry-fisheries products in the first two months of 2025, accounting for 42.2% of the total export value.

In 2025, the Ministry of Industry and Trade aims for a 12% increase in import-export turnover compared to 2024. According to many economic experts, this is an ambitious yet achievable goal, especially as trade activities have been gradually rebounding following the Lunar New Year 2025 holiday.

US President Donald Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three US trading partners.

Record high coffee export prices help Vietnam's coffee industry bring in US$1.08 billion in February alone.

The Vietnam Steel Association (VSA) is urging the Ministry of Industry and Trade to accelerate an anti-dumping investigation into coated steel imports from China and South Korea, warning that the continued influx of low-cost Chinese steel is placing significant pressure on domestic manufacturers.