Thailand will increase U.S. imports, lower some of the higher taxes on American goods and address non-tariff barriers, the finance minister said on Tuesday, as the government seeks to negotiate a better deal on new U.S. tariffs, Reuters reported. The tariff of 36% imposed on Southeast Asia's second-largest economy is among the higher rates imposed by the administration of U.S. President Donald Trump, greater than officials had anticipated.

Indonesia announced a raft of concessions on U.S. imports Tuesday, including reducing taxes on electronic goods and steel, ahead of trade negotiations with Washington over President Donald Trump's sweeping tariffs, Reuters reported. Southeast Asia's biggest economy will send a high-level delegation to the United States next week in hopes of securing a deal to ease the impact of a 32% tariff due to take effect on Wednesday. Indonesia plans to buy U.S.

China's regulatory body for state assets said on Tuesday it would support central government-owned companies to increase their stock holdings and share buybacks to mitigate the impact of an escalating global trade war on the country's stock market, Reuters reported. Several Chinese state-owned companies, including oil giant Sinopec have already announced plans to buy back shares to bolster investor confidence.

The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment, the Economic Times of India reported. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender's plea to initiate insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL).

IL&FS has requested an extension from the National Company Law Appellate Tribunal (NCLAT) to resolve 57 out of the 108 entities still in limbo, citing substantial progress in its ongoing restructuring, the Times of India reported. In its affidavit, the company reported that it has successfully resolved 197 of its 302 subsidiaries, which are no longer part of the insolvency process. To date, lenders have recovered Rs 45,000 crore of the Rs 99,000 crore owed, while the recovery target has been increased to Rs 61,000 crore.

President Donald Trump on Monday threatened to impose an additional 50 percent tariff on China, escalating the tit-for-tat retaliation with Beijing that followed the White House’s sweeping import tax rollout last week, Politico reported. “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump said in a Truth Social post. China was a primary target of Trump’s sweeping “Liberation Day” tariffs announced last week.

First Digital Trust (FDT) has redeemed almost $26 million in stablecoin withdrawals after its FDUSD token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun, CoinTelegraph.com reported. First Digital USD briefly depegged on April 2, falling as low as $0.87 after Sun claimed that First Digital was insolvent. On April 4, Sun doubled down on his allegations, claiming the firm had transferred over $450 million of customer funds to a Dubai-based entity and that it violated Hong Kong securities regulations.

Japan’s households cut back on spending as inflation remained elevated, in a sign of vulnerability in a key pocket of the economy before sweeping U.S. tariffs hit the country, Bloomberg News reported. Household outlays, adjusted for inflation, declined 0.5% in February from a year earlier, the internal affairs ministry reported Friday. The result compared with the median economist estimate of a 0.8% decline. The drop was led by falling outlays on clothes and footwear, housing and food.

Sri Lanka is ready to engage with the United States in strengthening trade relations, the island nation said on Friday, committing to substantially reduce tariff and non-tariff barriers that hinder trade and investment. U.S. President Donald Trump's government imposed a 44% tariff, which will affect about $3 billion of exports, Sri Lanka's finance ministry said in a statement. Sri Lanka is concerned the tariffs will hurt its economy, which is recovering from a severe financial crisis triggered by a shortfall of dollars three years ago.