Vietnam will cut its tariffs on several U.S. products including LNG and cars, the head of the Finance Ministry's tax policy department said, as the country tries to avoid being hit with U.S. tariffs because of its large bilateral trade surplus.

Vietnam’s seafood industry faces potential export bans to the U.S. due to the United States’ Marine Mammal Protection Act (MMPA), requiring urgent changes in fishing practices and negotiations to avoid severe economic impact.

For a symbol of the chaos engulfing world trade since the Trump administration walked into the White House, look no further than a pile of 16,000 metric tonnes of steel pipes. Stevedores in Germany should be preparing to load the first batch on a container ship bound for a massive energy project in Louisiana. Instead, the cargo is sitting in a German warehouse after Washington proposed putting million-dollar levies on Chinese ships docking in the US.

Chinese Premier Li Qiang said the country is prepared for “shocks that exceed expectations” as the world braces for US President Donald Trump to announce more tariffs on its trading partners next month.

Prime Minister Mark Carney on Friday said Canada could offset the effects of any U.S. tariffs by removing internal trade barriers and that he aimed for free trade within the country by July 1, after meeting provincial and territorial leaders.

If the trade-to-GDP ratio starts to fall, there will be "serious economic and strategic implications", says Senior Minister Lee Hsien Loong at the Singapore Maritime Week.

Donald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the U.S. president said on Friday amid an escalating tariff war.

President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.

China's giant steel industry is facing mounting pressure on exports this year as it faces another wave of trade frictions from U.S. President Donald Trump's new tariffs.

The European Union has delayed its first counter-measures against the United States over President Donald Trump's metals tariffs until mid-April, allowing it to re-think which US goods to hit and offering extra weeks for negotiations.