While Malaysia can take some comfort in the United States and China reaching a temporary ceasefire of sorts in the trade war by slashing sweeping tariffs on each other for 90 days, economists believe the 10% baseline US tariffs will stay.

The landscape of U.S. foreign trade has undergone significant changes under Trump's second term, particularly with the imposition of new tariffs on imports. These policies have elevated the nation's average effective tariff rate to levels not seen in decades.

Economists believe the US will skirt a recession as lower tariffs than initially announced by the Trump administration are set to handicap consumer spending less than previously feared.

The US agreed on Thursday to reduce tariffs to 10% on 100,000 units of British luxury exports annually. While Ishiba acknowledged it as a favorable deal for the U.K., he believes Japan can and should pursue better terms, preferably a 0% tariff deal.

The new measure would slap duties of 25% on U.S. imports amounting to $23.5 billion, which includes motorcycles and other powersports commodities.

Following discussions in Geneva, China and the US have agreed to a trade war truce, effective Wednesday, which will reverse most tariffs and other retaliatory measures.

Asia-Pacific trade envoys will gather this week in South Korea for discussions on multilateral cooperation, with talks taking place at a time when countries are scrambling to respond to U.S. President Donald Trump's sweeping tariffs.

The first trade deal struck following Donald Trump's tariff regime has drawn criticism from Beijing, which experts say is also a warning to other countries.

When it comes to this year’s hot potato topic of Donald Trump’s tariffs on movie imports, Cannes Film Festival director Thierry Fremaux would like to table the discussion. For at least a year. Of Trump’s declarations over the last three months,