China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries.

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

Vietnamese ministries and sectors stand ready to address the US’s concerns and work together to find mutually beneficial solutions based on the principle of harmonised interests and shared risks, said Minister of Industry and Trade Nguyen Hong Dien.

Speaking at the forum, Czech Minister of Finance Zbyněk Stanjura highlighted Việt Nam as their most important trade partner in the ASEAN region, with bilateral trade exceeding US$4 billion in 2024.

Asean has reiterated its commitment to multilateral trade principles and does not plan to retaliate against US tariff actions.

China has urged the United States to fully remove all unilateral tariffs imposed on its exporters, emphasising that a genuine resolution can only be achieved through equal and constructive dialogue, the Ministry of Commerce said on Thursday (April 24).

Japan's Prime Minister Shigeru Ishiba said on Friday that the government has compiled an emergency economic package to alleviate any impact on industries and households from the United States' new import tariffs.

The Malaysian delegation, led by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, told US trade representatives that Malaysia is open to talks on reducing the trade deficit, addressing non-tariff barriers, improving technological security, and exploring a potential trade agreement.

In March 2025, Vietnamese pangasius exports continued to withness a 16% rise, valued at 182 million USD, according to data from Vietnam Customs. This brought the total export value for the first quarter of 2025 to over 465 million USD, up 13% compared to the same period in 2024.

South Korea and the United States agreed to craft a trade package aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation in Washington said after a first round of trade talks.