Japan, South Korea and China agreed on Sunday to continue trilateral economic and trade cooperation to address “emerging challenges,” a partnership that has become more crucial than ever as the U.S. trade war shatters the global order. Trade minister Yoji Muto, his South Korean counterpart, Ahn Duk-geun, and Chinese Commerce Minister Wang Wentao met in Seoul for the first trilateral meeting among the three countries’ trade ministers in over five years, the Japan Times reported.

The U.S. State Department said on Friday it was "not surprised" that China would be upset by Hong Kong conglomerate CK Hutchison's deal to sell its two port operations near the Panama Canal to a BlackRock-led group, after China's market regulator said it would conduct an antitrust review of the deal, Reuters reported. "We are aware of the comments made by China.

India has offered tariff cuts on imports of U.S. farm products like almonds and cranberries as a further concession to the United States, two government sources said, hoping to avert President Donald Trump's reciprocal tariffs set for next week, Reuters reported. Unlike China, Canada and the European Union, India is actively seeking to appease the Trump administration and is open to cutting tariffs on over half of U.S. imports worth $23 billion, Reuters reported earlier this week. In a series of meeting in New Delhi with Brendan Lynch, the assistant U.S.

European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said, fearing any first-movers could risk a backlash from U.S. President Donald Trump, Reuters reported. The United States late on Wednesday announced 25% duties on imports of finished cars and certain components from April 3, dashing hopes for lower rates or exemptions after several short-term policy changes suggested there might be wiggle room.

Canada’s economic growth came to a halt after a solid start to the year as tariff threats mounted, Bloomberg News reported. Advance data showed gross domestic product was unchanged in February, Statistics Canada said Friday. That followed a robust 0.4% expansion in January, the strongest monthly pace since April last year and beating the median estimate of economists. Assuming there’s also no growth in March, the industry-based numbers point to annualized 2.1% growth in the first quarter, versus the Bank of Canada’s forecast of 2% and the 1.6% expected by economists in a Bloomberg survey.

The onslaught of contested policies and language by the Trump administration in recent weeks is causing tourists around the globe to either cancel or reconsider travel to the United States, the New York Times reported. A growing number of visitors say they feel unwelcome or unsafe and are reluctant to support the economy of a country that some foreign officials say is waging trade wars and destabilizing its allies. A draft of a new travel ban circulating through the administration could restrict citizens from up to 43 countries, including Belarus, Cambodia and St.

President Trump said he would impose 25% tariffs on all vehicles imported to the U.S., acting on a promise that could further pressure car and truck prices that have been rising for years, the Wall Street Journal reported. Trump posted Thursday on Truth Social that the tariffs, to take effect on April 3, amounted to a “liberation day” for the U.S. The auto tariffs would begin a day after Trump is set to announce a broader slate of trade actions. Trump’s so-called reciprocal tariffs, slated for April 2, were originally planned to equalize U.S.

Liberal Party Leader Mark Carney promised a C$2 billion ($1.4 billion) “strategic response fund” to help Canadian auto manufacturing and strengthen a supply chain that’s under threat from US tariffs, Bloomberg News reported. Carney, who became prime minister less than two weeks ago, said a government led by him would try to build an “all-in-Canada” network for auto parts, working with industry to make more parts in the country and limit the number that have to cross the Canada-US border during production. But he gave few details on how that would work.

Canadians have long been the top international travelers to the U.S. Now, they are staying home, the Wall Street Journal reported. After President Trump said that he would impose tariffs on Canada, then-Prime Minister Justin Trudeau encouraged Canadians to change their vacation plans to focus on exploring sites within the country. It worked. Canadian residents returned from 13% fewer trips by air to the U.S. in February than they did a year ago, according to preliminary data from Statistics Canada.

India will scrap a tax of 6% on digital advertisements online, the finance minister said on Tuesday, easing costs for U.S. tech giants such as Alphabet's Google, Meta and Amazon as a way of soothing U.S. trade concerns, Reuters reported. The move responds to concerns raised by Washington after President Donald Trump threatened reciprocal tariffs from April 2 on trading partners, including India, that fuelled alarm among exporters.