The decision by US President Donald Trump to ban Chinese companies from using a US tariff loophole will hit tens of billions of dollars of trade, and reduce China’s economic growth this year, according to new estimates by economists at Nomura Holdings Inc.

Many businesses are concerned that the US-China trade war and potential global trade conflicts could hinder Vietnam's exports of goods and agricultural products in 2025.

According to data from the General Department of Vietnam Customs, Vietnam exported US$410 million worth of seafood in the first half of January 2025, a 29 percent increase compared to the same period last year. This is also the highest figure for the period from 2013 to 2025.

The Ministry of Industry and Trade (MoIT) has drafted scenarios in response to a possible global trade war following the Prime Minister’s recent warnings.

U.S. President Donald Trump has suspended tariffs on goods from Canada and Mexico but continues to impose them on China, raising concerns about similar measures against other trade-surplus countries, such as Vietnam.

Statistics from the Việt Nam Coffee-Cocoa Association show that in January 2025, Việt Nam exported 154,635 tonnes of coffee, generating revenues of US$799.5 million.

Deputy Head of the Management Board of Dong Dang - Lang Son Border Gate Economic Zone Hoang Khanh Duy on February 5 indicated that the export of Vietnamese durian to China is still proceeding normally.

China imposed targeted tariffs on US imports on Tuesday and put several companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.