With its misguided tariff wars, the Trump administration is not only disrupting historical trade ties with the world’s largest economies, but waging war against economic development in the Global South.

Rather than being fixated on its trade dispute with the United States (US), China is refocusing its efforts towards bolstering ties with non-confrontational partners, including developing nations, to boost trade and investments.

The Lee Jae Myung administration is spurring its tariff negotiations with the United States as the July 8 deadline for the so-called "July package" fast approaches.

Auto sales plunge as consumers brace for higher prices amid trade uncertainty

Export controls which cause collateral damage, deliberate targeting of Indian industry by China and the overarching problem of securitization of cross-border trade pose problems.

Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.

Canada could increase counter-tariffs on U.S.-produced steel and aluminum if it does not reach a broader trade deal with President Donald Trump within 30 days, Prime Minister Mark Carney said on Thursday.

European officials are increasingly resigned to a 10% rate on "reciprocal" tariffs being the baseline in any trade deal between the United States and the European Union, five sources familiar with the negotiations said.

Vietnam wants, together with the U.S., to develop a set of practical and harmonious rules on goods origin that is suitable to global supply chains, said Vietnam’s Minister of Industry and Trade Nguyen Hong Dien.

Japan won’t fixate on the looming date for so-called reciprocal tariffs to go back to higher levels, Tokyo’s top trade negotiator said, signalling that the Asian nation stands ready for the possibility that talks will drag on.