Vietnam, Spain commit to enhance economic, defense ties amid US tariff pressures

Vietnam and Spain have committed to strengthening their economic and defense ties while advocating for free trade amidst significant tariffs imposed by the U.S. on both countries, with a 46% tariff on Vietnamese goods and a 25% tariff on EU products. During a visit by Spanish Prime Minister Pedro Sanchez to Hanoi, both leaders expressed their intention to elevate their relationship to a comprehensive strategic partnership, highlighting cooperation in areas such as railway infrastructure. Sanchez underscored Spain's commitment to a rules-based international trade order, while Vietnam aims to leverage Spain as a bridge to enhance its relations with the EU and Latin America. The discussions included signing five memoranda of understanding covering various sectors, as both nations navigate the challenges posed by U.S. trade policies. Additionally, regional leaders, including Malaysia's Prime Minister Anwar Ibrahim, are also seeking to address the impact of U.S. tariffs collectively within ASEAN, emphasizing the necessity for regional unity in these uncertain economic times.