#tariff

US President Donald Trump’s decision to temporarily pause reciprocal tariffs on imports from over 75 countries, including Vietnam, is a positive step, Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang said on April 10.

The nation spent US$5 billion on importing 4.8 million m3 of petroleum during the first half of this year, an increase of 18% in volume and up nearly two fold in value compared to the same period from last year.

China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, with its chief negotiator in Washington for two days of talks hoping to stave off U.S. tariff increases set to be triggered on Friday.

China said on Tuesday that it had no choice but to retaliate against new U.S. trade tariffs, raising the risk that U.S. President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys.

Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after the central bank’s liquidity moves had the effect of supporting the currency.

Canada struck back at the Trump administration over U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.

China's Commerce Ministry commented on the latest import tariffs introduced by the US, saying that "the Chinese side had no choice."

China blamed U.S. export restrictions for its record trade surplus with the United States, but expressed hope that a solution can be found to settle trade issues between the world’s two biggest economies as U.S. tariffs loom.