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BANGKOK: Thailand and several other countries have until August 1, 2025, to finalise trade proposals under the United States' new "Reciprocal Tariff" policy, after Washington confirmed a 36 per cent retaliatory tariff rate on Thai exports.

Vietnam is moving swiftly to diversify its export markets and reduce economic dependence on the US after the US-Vietnam trade agreement announced on July 4, 2025, imposed steep new tariffs.

Foreign investors are expected to flock back to Vietnam’s stock market after the country received a lower-than-expected US tariff, said Thu Nguyen, deputy chief executive officer of VinaCapital Fund Management.

Vietnam will devise measures to improve product quality to cope with potential risks from U.S. tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country's deputy trade minister said on Wednesday.

The U.S. trade deficit with Vietnam is about $123.5 billion, putting the country near the top of Trump’s list for “reciprocal” tariffs. This would have been unimaginable a generation ago.

Vietnam’s central bank stands ready to take steps to curb inflation and support growth, as it warns about the impact of higher US tariffs on the economy and its currency.

SAO PAULO (AP) — President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there’s no agreement by Aug. 1.