🌍 International Trade Bulletin – June 2, 2025

1. U.S.–China Trade Tensions Escalate

On June 2, both Washington and Beijing exchanged accusations of violating last month’s Geneva trade agreement. The Chinese Ministry of Commerce denied U.S. claims, criticizing discriminatory trade restrictions imposed by the U.S.

2. Trump Raises Tariffs on Steel and Aluminum to 50%

President Donald Trump has announced a significant increase in import tariffs on steel and aluminum, effective June 4. The move, intended to protect U.S. industries, faces strong opposition from major trade partners, especially the European Union.

3. Airlines Cut Profit Forecasts for 2025

At the IATA annual meeting in New Delhi, global airlines lowered their 2025 profit outlooks due to trade tensions and a sharp drop in aircraft deliveries—expected to fall 26% below original commitments.

4. Global Markets React to Trade Uncertainty

Stock markets and the U.S. dollar declined, with steel industry stocks hit hardest following the tariff hike announcement.

5. Gold Prices Surge to $3,325/oz

Gold soared to nearly $3,325 per ounce after the tariff hike news. Experts caution investors as the opportunity for quick profit may have passed amid rising volatility.

6. Vietnam Maintains 2nd Place in Global Footwear Exports

Vietnam continues to rank second in the world for footwear exports, leveraging multiple free trade agreements to expand and sustain global market share.

7. VN-Index Falls Slightly

Vietnam’s VN-Index fell 0.69% to 1,332.60 on June 2, with net foreign outflows exceeding VND 1,100 billion, mainly from bank stocks such as VPB, TCB, and MBB.

8. EU Pressures U.S. to Lower Import Tariffs

The European Union is preparing a strong case this week urging the United States to reduce or eliminate current import duties, in an effort to defuse trade tensions and boost economic growth.

📌 Conclusion:
As global trade volatility increases, exporters should closely monitor policy changes and currency shifts. Proactive strategy, risk mitigation, and adapting to regulatory landscapes are key to maintaining resilience in 2025.