Japan's government said on Monday that the economy was recovering moderately but that impact from U.S. trade policies was particularly evident in the auto industry.

South Korea Faces Additional Tariffs on Pharmaceuticals as Negotiations Stall Over $350 Billion Investment Fund.

US President Donald Trump announced Thursday punishing tariffs on pharmaceuticals, big-rig trucks, home renovation fixtures and furniture, reviving his global trade war.

The Donald Trump administration has lowered the tariff rate on European automobiles and auto parts to 15 percent, following the same move for Japanese vehicles.

The Trump administration has launched national security investigations into imports of robotics, industrial machinery and medical devices, a move that could pave the way for fresh tariffs and raise costs for consumers, hospitals and manufacturers.

The United States has cautioned that some ASEAN countries may face higher tariffs if ongoing negotiations on trade fail to produce favourable outcomes.

Vietnam will continue trade negotiations with the United States while seeking to sign free trade deals with other markets, the prime minister said in a statement on Wednesday (Sept 24), adding that the country is targeting export growth of 12% this year.

Canadian Prime Minister Mark Carney said on Tuesday that trade negotiations with the U.S. were ongoing, and a lot of the remaining issues would move to a forthcoming review of the United States-Mexico-Canada trade agreement (USMCA).

President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs, sending China toward a record $1.2 trillion trade surplus.

A 20% U.S. tax forces Vietnamese firms to restructure strategies, improve product origin traceability, and explore new markets.