Commerce Secretary Howard Lutnick said the Trump administration’s decision on Friday to exempt electronic devices — like smartphones, iPhones and laptops — from tariffs was only a temporary reprieve but those products will face separate levies, adding more confusion to an already chaotic rollout of tariffs on Chinese goods.

US President Donald Trump said he could offer some exemptions to his 10% tariff on most US trading partners — even as he insisted that it is “pretty close” to a floor for nations seeking to negotiate trade deals.

Japanese Prime Minister Shigeru Ishiba said on Monday that US tariffs have the potential to disrupt the global economic order, issuing his strongest warning to date about the damage President Donald Trump's decisions could inflict on the world economy.

Taiwanese officials held their first tariff talks with US officials on Friday, with both sides looking forward to further discussions soon, the island's government said on Saturday.

US President Donald Trump has — for now — backed off of his steepest tariff increases. But with other duties still in place, doing business in the US is about to get costlier for European Union (EU) companies.

US President Donald Trump’s April 2025 reciprocal tariffs aim to boost US manufacturing but will likely provoke considerable risks for the United States and the global economy. The tariffs will disrupt global supply chains, provoke retaliation and weaken US competitiveness. Enforcement is complex and contradicts goals like reducing bureaucracy and immigration while financial instability, asset losses and political backlash from retirees will undermine domestic support. Global trade may also shift away from the United States, diminishing its leadership. With tightening credit and delayed economic benefits, the policy’s internal contradictions and timing mismatch threaten its sustainability before any intended gains can materialise.

Prime Minister Datuk Seri Anwar Ibrahim said the US move to impose retaliatory import tariffs on several countries, including Malaysia, could strain Malaysia’s trade and investment relations with China.

Economists and trade experts call for a national-level trade risk management system to help the government and enterprises cope with economic turbulence.

China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump's escalation of US tariffs on imported Chinese goods, though analysts say the impact is likely to be minimal.

Japan will continue to urge the US to rethink its tariff plans in hopes of winning a longer-term reprieve, even after US President Donald Trump put a portion of the duties on hold, the nation’s top trade representative said.