U.S. President Donald Trump has announced plans for tariffs that could hit virtually all of Vietnam's goods exports to its top market, worth last year more than $142 billion, according to UN data, about 30% of Vietnam's gross domestic product.

Hanoi is trying to avoid US duties on its ballooning exports, which contributed to a record trade surplus with Washington last year, making the Southeast Asian nation vulnerable to reciprocal tariffs threatened by President Donald Trump.

Vietnam is trying to ease potential trade tensions with the U.S. by considering an increase in imports of American farm products. This move comes as President Donald Trump pushes for reciprocal tariffs to level the playing field in global trade.

Vietnam plans to adopt rules that would allow Elon Musk's Starlink to provide satellite internet services in the country while maintaining full ownership of any local subsidiary, a draft of the regulations shows.

Most U.S. manufacturers surveyed by the American Chamber of Commerce in Vietnam said they would be likely forced to lay off workers if the Trump administration imposed tariffs on the export-reliant Southeast Asian country.

Vietnam, as with many other countries, is also highly exposed to Trump’s threats of reciprocal tariffs on US trading partners. He has also threatened to levy 25 per cent tariffs on steel imports, which could also hit Vietnam, the US’s fifth-biggest supplier of the metal.

But prices have risen and I don't know how far they will increase in the future." Students sit on the stairs of the University of Pennsylvania in Philadelphia, Pennsylvania, U.S., Aug. 24, 2021.

President Donald Trump’s shift in policy to reciprocal tariffs is a relief to markets, U.S. consumers and most trading partners.

Shares in mainland China and a gauge of technology stocks in Hong Kong fell Monday, breaking a blistering rally in technology stocks after President Donald Trump targeted China with the biggest salvo so far in his second term.

U.S. President Donald Trump has announced plans for tariffs that could virtually hit all Vietnam's goods exports to its top market, worth last year more than $142 billion, according to UN data, about 30% of Vietnam's gross domestic product.

Vietnamese Prime Minister Pham Minh Chinh told US businesses in Hanoi that Vietnam is working to rebalance its trade surplus with the US amid tariff threats from President Donald Trump, the government said.