Trump administration faces pressure to clinch more trade deals, with a temporary tariff freeze on dozens of countries set to expire.

President Donald Trump's second term economic plan can be summed up in one word: tariffs. As his barrage of import taxes went into overdrive in recent months, markets trembled and business leaders sounded alarms about the economic damage they would cause.

President Donald Trump’s new trade deal with Vietnam sends a clear signal about where US tariffs on Chinese goods might ultimately land, as talks between Washington and Beijing continue following their recent truce.

The so-called “deal,” which has the character of the unequal treaties imposed on colonies in the heyday of imperialist rule in the late 19th and early 20th centuries, has implications that go far beyond Vietnam.

At the heart of Trump’s latest trade deal with Vietnam and talks with other trading partners is an effort to counter what he sees as China’s unfair practices to circumvent U.S. tariffs.

China spared major cognac producers Pernod Ricard, LVMH and Remy Cointreau from hefty duties on EU brandy on Friday, a rare bright spot at a time of trade tensions between Brussels and Beijing as the two sides row over tariffs on Chinese-made EVs.

The move comes as China’s foreign minister is touring Belgium, France and Germany in an effort to bolster ties with the bloc amid a trade spat with Washington.