HANOI (Reuters) -Vietnam and the United States held their first direct ministerial-level negotiations on Friday against the backdrop of an impending U.S. tariff of 46% on imports from the Southeast Asian nation, which could significantly impact its growth. The Vietnamese trade ministry said in a statement released on Saturday that the meeting, which occurred in Jeju, South Korea, following the 31st APEC Ministerial Meeting on Trade, symbolised both nations' commitment to fostering a stable economic, trade, and investment relationship. The talks follow a phone call last month between Vietnamese trade minister Nguyen Hong Dien and U.S. Trade Representative Jamieson Greer that officially started negotiations.
US consumer sentiment drops to near record low in May on inflation worries, tariff uncertainty
The University of Michigan's Consumer Sentiment Index fell again in May after economists expected a modest increase. Consumer sentiment is at its lowest level in nearly three years.
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Businesses argue south-east Asian country has become vital part of ‘China plus one’ strategy
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WASHINGTON (Reuters) -U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the…
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If anyone wanted a snapshot of the tight spot the U.S. economy and policymakers are in right now, they got it on Friday via the…
