Both countries should prioritise regular consultations and practical solutions to improve labour productivity, competitiveness, digital and green economies, logistics, and maritime cooperation.

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.

China’s steel exports are a primary concern, as its producers offload surplus supply amid weak domestic demand, potentially undermining local industry and employment.

The agriculture industry is required to clearly identify difficulties and advantages in an effort to devise proper solutions aimed at achieving its growth target of 4% this year, according to industry insiders.

Brazilian Finance Minister Fernando Haddad said on Thursday his government expects lengthy tariff negotiations with the United States, and suggested they would include trade discussions involving sugar and ethanol.

The U.S. mission told China and Canada it was ready to confer with its officials in Geneva after those two countries filed trade disputes in response to new tariffs, World Trade Organization documents showed on Tuesday.

President Trump expects India to lower tariffs on American goods, but starting April 2, the U.S. will impose reciprocal tariffs. Prime Minister Modi praised Trump's America First approach, highlighting their strong personal bond. India is considering reducing tariffs on diverse products to appease Trump, demonstrating the growing geopolitical partnership and economic strategy adaptations between the two nations.

The two-month trade reached over 6.57 billion SGD (approximately 4.91 billion USD), solidifying Vietnam’s position as Singapore’s ninth largest trading partner.