US President has implemented a series of tariffs, including a 20% tariff on China, a 25% tax on imported cars and trucks, increased taxes on foreign steel and aluminum, and levies on goods from Canada and Mexico, with potential expansion to additional Canadian and Mexican products.
https://www.khou.com/article/news/nation-world/trumps-reciprocal-tariffs-trade-policy/507-e0b3e57a-06ec-43e2-8dfe-9a10a2753a54US President Donald Trump is set to announce new tariffs on Wednesday, which could significantly impact global trade. The tariffs, expected to be around 20% of imports from nearly every country, are part of a plan aimed at restoring the "golden age" of America. The move has raised tensions with major trading partners, including Canada, where Prime Minister Mark Carney has vowed to respond with tariffs of its own.
https://channelnewsasia.com/world/white-house-says-trump-will-go-ahead-tariffs-nervous-world-awaits-trade-war-5038236US President Donald Trump is set to unveil country-based tariffs on April 2 in the Rose Garden, a move that could significantly impact global trade. The announcement comes amid rising tensions between the US and several countries, including India, which has been a major trading partner for the US. The decision is expected to have far-reaching consequences for businesses and investors worldwide.
https://www.livemint.com/economy/trump-to-unveil-country-based-tariffs-april-2-in-rose-garden-11743445356558.htmlChinese President Xi Jinping suggested that China and India should work more closely together, likening their relationship to a "Dragon-Elephant tango" dance. The exchange came as tensions eased after a 2020 clash between troops along their shared border in the Himalayas. Indian President Droupadi Murmu congratulated Xi on the 75th anniversary of their diplomatic ties, and Xi expressed his readiness to deepen communication and coordination in major international affairs to jointly safeguard peace in border areas.
https://www.ndtv.com/world-news/india-china-ties-should-take-form-of-elephant-dragon-tango-xi-jinping-8061509Chinese President Xi Jinping has expressed his readiness to work with Indian President Droupadi Murmu to promote strategic mutual trust and deepen communication on major international affairs between China and India. The two countries are at a critical stage in their modernization drive, and people-to-people exchanges have increased significantly, with over 70,000 visas issued to Indian citizens by the Chinese Embassy and Consulate-Generals in India in the first quarter of this year, a 15% increase from last year. Xi noted that these exchanges demonstrate strong motivation for cooperation between the two countries, which are also at a critical stage in their modernization drive.
https://www.thehindu.com/news/national/india-china-should-realise-cooperative-pas-de-deux-of-dragon-and-elephant-says-xi-jinping-on-75th-anniversary-of-bilateral-ties/article69401294.eceChinese President Xi Jinping is planning a three-day visit to Malaysia in mid-April, following a meeting with Prime Minister Anwar Ibrahim in Beijing last November. The visit aims to boost bilateral ties and comes as Malaysia seeks Chinese investment amid high trade volumes between the two countries. This tour, also including Vietnam and Cambodia, marks Xi's first foreign trip of 2025, as China seeks to establish itself as a reliable regional partner amidst US uncertainty in Southeast Asia.
https://www.malaymail.com/news/malaysia/2025/04/01/xi-jinping-expected-to-visit-malaysia-mid-april-focus-on-trade-and-asean-ties/171533Canadian Prime Minister Mark Carney spoke with Mexican President Claudia Sheinbaum about Canada's plan to counter unjustified trade actions by the US, emphasizing the importance of safeguarding North American competitiveness while respecting each nation's sovereignty. The conversation came as US President Donald Trump has announced and delayed tariffs on Canada and Mexico since returning to the White House in January, and proposed hitting global trading partners with reciprocal tariffs.
https://www.ndtv.com/world-news/leaders-of-canada-mexico-discuss-plan-to-fight-trade-actions-by-us-8064959China has retaliated against US tariffs by imposing duties on coal, liquefied natural gas, and agricultural products with up to 15%. China, Japan, and South Korea have agreed to jointly respond to the US move, according to a Chinese state media account. The three countries discussed strengthening supply chain cooperation and export controls during their first economic dialogue in five years. Beijing, Seoul, and Tokyo are major US trading partners, but tensions between them over territorial disputes and issues like Japan's Fukushima nuclear power plant wastewater release have hindered cooperation.
https://www.firstpost.com/world/while-world-braces-for-reciprocal-tariffs-china-awaits-trump-report-for-trade-deal-13876351.htmlUS President's proposed tariffs on European goods have caused market volatility, with the euro dropping 0.1 per cent against the US dollar. The European Union is open to negotiations but would retaliate strongly if necessary, according to EU President Ursula von der Leyen. Market analysts expect a one-month delay in tariff implementation to allow for negotiation, citing concerns that high tariffs could disrupt trade and economic activity.
https://www.businesstimes.com.sg/companies-markets/banking-finance/us-dollar-struggles-direction-trumps-reciprocal-tariffs-awaits-data