Vietnam's foreign ministry on Friday said it regrets the U.S. decision to impose reciprocal tariffs on its exports.

HANOI (Reuters) - China's President Xi Jinping and European Union leaders are set to visit Vietnam in the next few weeks in a swirl of diplomatic activity amid growing risks from U.S. trade tariffs, officials said.

Wayfair (W) rebounds from a 52-week low after trade-positive talks with Vietnam. Discover how evolving tariffs and short interest may impact its stock.

Vietnam will impose a temporary anti-dumping levy of up to 37.13% on some galvanised steel products originating from China, and up to 15.67% for some products from South Korea, showed a trade ministry statement dated April 1.

European stocks continued to drop shortly after the market open today, albeit at a much slower rate than yesterday’s huge losses, as investors around the world continue to reassess their trades in the wake of the Trump administration’s announcement of sweeping global tariffs.

From home goods and furniture to soft toys, sneakers and athletic apparel, a slew of U.S. companies have tapped into Vietnam in recent years in an attempt to reduce their reliance on China. They’re now taking a hit after Trump hit the Southeast Asian country with a hefty 46% tariff in his “liberation day” announcement that targeted nations around the world.

The Vietnamese government said on Friday it had asked the United States to postpone by one to three months its reciprocal tariff rate of 46% on imports from Vietnam to allow time for negotiations. Vietnam will also take steps to import more American goods,