The U.S. set new duties as high as 3,521% on solar imports from four Southeast Asian countries, delivering a win for domestic manufacturers while intensifying headwinds already threatening the country’s renewable power development, Bloomberg News reported. The duties announced Monday are the culmination of a yearlong trade probe that found solar manufacturers in Cambodia, Vietnam, Malaysia and Thailand were unfairly benefiting from government subsidies and selling exports to the US at rates lower than the cost of production.

The United States sells more soybeans to China, by value, than any other single product. Last year, that amounted to more than 27 million metric tons, worth $12.8 billion, or about 9 cents of every dollar of goods the United States sold to China, the New York Times reported. But with the enormous tariffs erected between the two countries over the past two weeks, those sales are likely to suffer soon. That is bad news for the American farmers who grow soybeans and the Chinese chicken and hog farmers who buy them — and potentially very good news for the nation ready to step in: Brazil.

China has warned countries against making trade deals with the U.S. that could hurt Beijing’s interests, the Wall Street Journal reported. “China firmly opposes any party reaching a deal at the expense of China’s interests,” the Ministry of Commerce said Monday, adding that it would respond “resolutely” with reciprocal countermeasures should such a situation arise. The ministry also said China is willing to strengthen solidarity and coordination with all parties, work together to respond to challenges, and oppose unilateral bullying.

China's state-backed funds are pulling back from investing in the funds of U.S.-headquartered private capital firms amid an escalating trade war between the world's two biggest economies, the Financial Times reported. Some of the Chinese funds are also seeking to be excluded from investments in U.S. companies made by private equity firms based elsewhere, the report, which cited seven private equity executives with knowledge of the matter, said.

U.S. Vice President JD Vance is holding talks with Indian Prime Minister Narendra Modi in New Delhi on Monday as the South Asian nation looks to strike an early trade deal with Washington that spares it from President Donald Trump’s additional tariff hikes, Bloomberg News reported. Vance arrived at Modi’s private residence in the capital just before 7 p.m. local time for bilateral talks with the prime minister, followed by another discussion that will include members of their respective delegations. Modi is then expected to host Vance, his wife Usha and their three children for dinner.

Mexico’s President Claudia Sheinbaum said there’s no agreement yet with her US counterpart Donald Trump after the two spoke last week about lifting US tariffs, Bloomberg News reported. The Mexican head of state said on Monday that they had discussed an existing 25% tariff on imported vehicles and an equivalent one on steel and aluminum. “We didn’t reach an agreement but we did establish our arguments. In the case of steel and aluminum, we established that we have a deficit.

The effects of President Trump’s new tariffs are starting to be felt across the world, preliminary South Korean trade data suggest, as Seoul prepares to begin negotiations with Washington, D.C., the Wall Street Journal reported. Exports from Asia’s fourth-largest economy fell 5.2% from a year earlier in the first 20 days of April, according to data from South Korea’s customs office released Monday ahead of full monthly trade figures due next week. Imports plunged 12%, leading to a trade deficit, the preliminary numbers showed.

A Boeing jet earmarked for China was returning to the U.S. on Friday, flight tracking data showed, as the planemaker’s flagship delivery plant outside Shanghai was drawn into a deepening tariff war between Beijing and Washington, CNBC reported. The return of one of several jets waiting for final work and handover to a Chinese carrier at the completion center in Zhoushan is the latest sign of disruption to deliveries from a breakdown in the industry’s decades-old duty-free status. In a sign that Boeing was preparing for normal business just weeks before U.S.

Fisker filed for bankruptcy, leaving Ocean owners high and dry. However, Fisker dealers were in an even worse situation. In England, a Fisker dealer was forced to abandon the Ocean SUVs on the side of a road, Autospies.com reported. Several days later, an auction house collected them and will auction them off alongside other abandoned Fisker Oceans. However, it's unclear who'd want them. Fisker filed for bankruptcy in the U.S. last June, leaving owners holding the bag. While creditors and founders will see some of their money back, owners will not have the same luck.

The new U.S. ambassador to Japan arrived in Tokyo on Friday and said he is optimistic that his country and its key Asian ally will reach a deal in their ongoing tariff negotiations, the Associated Press reported. George Glass, a prominent businessperson known for his background in finance, investment banking and technology, arrives as Washington and Tokyo are negotiating President Donald Trump’s tariff measures, which have triggered worldwide concern about their impact on the economy and global trade. “I’m extremely optimistic ...