The United States will impose a 200% tariff on aluminum and derivatives produced in Russia from March 10, the White House said on Friday, effectively a ban as it announced sanctions on the anniversary of Russia's invasion of Ukraine.

The involved HS code includes 7213.10.00.42, 7214.20.00.47, 7227.90.10.69, 7227.90.90.01, 7227.90.90.02, 7227.90.90.04, 7227.90.90.42, 7228.30.10.70, 7228.30.90.40, and 7228.60.10.72.

The Mexican government announced that it concluded the antidumping (AD) investigation on steel girders produced in Germany, Spain and the United Kingdom.

Vietnam expects to rake in between 800,000 to 1 billion USD worth of seaculture product exports by 2025, according to a development project of the sector towards 2030 with a vision to 2045.

The Department of Trade and Industry (DTI) has issued a new Department Administrative Order (DAO) adjusting the earlier imposition of definitive anti-dumping duty on imported cement from Vietnam following the filing of motion for reconsideration by affected parties.  

In order to achieve the export growth target of 6% and continue to maintain a trade surplus, the effective implementation of free trade agreements (FTAs) commitments whilst accelerating the negotiation of new FTAs, as well as expanding and diversifying export markets, is a key solution that must be conducted.

There are plenty of opportunities for local goods, especially agricultural products, to enter foreign distribution channels, with Vietnamese firms advised to focus on advantageous products, according to industry insiders.

The distribution systems of foreign retailers have become an effective and sustainable export channel, and the Ministry of Industry and Trade (MoIT) will continue to support domestic firms to make the most of this channel.