Vietnam Plans Talks with U.S. Over New Steel Tariffs

Taiwan is facing potential new tariffs proposed by the U.S., which could significantly impact its economy, particularly its semiconductor industry. President Trump has indicated a willingness to impose reciprocal tariffs on countries taxing U.S. imports, and he criticized Taiwan for taking U.S. chip business away, highlighting a growing trade surplus in Taiwan's favor. Meanwhile, Japan is negotiating for an exemption from the newly announced 25% tariffs on imported steel and aluminum, which poses challenges amid Trump's focus on reversing trade deficits. Japan's government seeks to underscore the importance of global free trade as they navigate these tough negotiations. In Vietnam, officials are also preparing for discussions with the U.S. to address the newly imposed steel tariffs and prevent further duties, emphasizing a constructive dialogue to protect their economy. The situation reflects a broader trend of escalating trade tensions involving multiple countries amidst U.S. tariff policies.