China’s Ministry of Commerce said Friday that it “firmly opposes” U.S. President Donald Trump’s latest threat to ramp up tariffs on Chinese goods and vowed retaliation, if necessary.

U.S. President Donald Trump is planning to impose new tariffs Tuesday on Canadian and Mexican exports to the United States, but Commerce Secretary Howard Lutnick said Sunday they may not be as high as the 25% figure Trump was planning.

US President Donald Trump on Saturday ordered a new trade investigation that could heap more tariffs on imported lumber, adding to existing duties on Canadian softwood lumber and 25% tariffs on all Canadian and Mexican goods due next week.

In January, blue dragon fruit became Vietnam’s biggest fruit export, raking in a revenue of US$58 million, while durian lost its “king” export status, as its revenue plummeted by 73%, down to US$31 million.

Japan, the United States, China, the Republic of Korea (RoK), and the EU were Vietnam’s five largest seafood export markets in January, with Japan being the largest consumer, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnamese tuna exports to major markets recorded a downward trajectory in January, with turnover falling by 16% to more than US$66 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.

The duties not only aim to level the playing field for local manufacturers, but have also instilled renewed confidence among investors.