🌐 International Trade Bulletin – May 26, 2025

1. U.S. Postpones EU Tariff Deadline

In a move that eased transatlantic trade tensions, President Donald Trump agreed to delay the enforcement of a 50% tariff on European Union imports until July 9, 2025. The decision, made after a phone call with European Commission President Ursula von der Leyen, led to an appreciation of the euro and recovery in global equity markets.

2. ECB President Advocates Euro as USD Alternative

Christine Lagarde, head of the European Central Bank, said U.S. fiscal policy has opened the door for the euro to become a viable global trading currency, potentially challenging the long-standing dominance of the U.S. dollar.

3. Vietnam Launches National Brand Week at EXPO 2025

Vietnam inaugurated its National Brand Week at the World EXPO 2025 in Osaka, Japan, aiming to introduce Vietnamese products and services to global markets and strengthen the country’s trade identity.

4. USD Weakens Further

The U.S. dollar continued its downward trend, with Vietnam’s central bank maintaining the reference exchange rate at 24,960 VND/USD.

5. Commodity Market Trends

Domestic gold prices in Vietnam fell sharply, with SJC gold losing 2.5 million VND, settling at 119 million VND/tael. Meanwhile, Brent crude oil saw gains, trading at $65.15 per barrel as of the morning session on May 26.