Last week, the Trump administration announced that it reached a deal with Vietnam that would allow U.S. goods to enter the country duty-free, while Vietnamese exports to the U.S. would face a 20% levy. That was a decline from the 46% tax on Vietnamese imports he proposed in April.

Asian shares are mostly higher after stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect.

Stocks are slightly higher on Wall Street as the Trump administration seeks to win more deals with global trading partners

Tesla Stock Falls as Trump, Musk Clash Again. Why Feud Could Drag Shares Even Lower. Tesla stock tumbled early Tuesday after President Donald Trump suggested DOGE, the government department driving efficiencies, review subsidies given to Elon Musk’s companies as the pair reignited their public feud.

Major stock indexes declined while the dollar strengthened against major currencies on Monday as President Donald Trump unveiled 25% tariffs on goods from Japan and South Korea and investors awaited further announcements in the White House's trade negotiations.