President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified US tariffs on China rose to 145%.

US President Donald Trump on Thursday threatened Mexico with sanctions and tariffs in a dispute over water sharing between the two countries, accusing Mexico of breaking an 81-year-old treaty and "stealing the water from Texas Farmers".

The European Union (EU) will delay for 90 days the implementation of its counter-tariffs against the US over the 25% duties President Donald Trump imposed on the bloc’s steel and aluminium exports last month.

U.S. President Donald Trump's decision to impose reciprocal tariffs sent shockwaves through the global economy, with consequences far beyond the usual economic impacts.

Vietnam and the United States have agreed to begin negotiations on a bilateral trade agreement, which will also include tariff discussions, a key pillar of the proposed agreement.

Party General Secretary Tô Lâm's phone call on April 4 was President Donald Trump's first phone call with a foreign leader after the announcement of reciprocal tariffs.

US Trade Representative Jamieson Greer said the reciprocal trade agreement should include arrangements on tariffs and proposed that technical-level representatives from both countries start discussions immediately.

Global economy rocked again as rates on imports to the US from dozens of trading partners rose further, with China hit by 104% tariffs

USPresident Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war and spurring more widespread selling across financial markets.

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of US President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the US.