China's Stance and Global Reactions
vows to counteract U.S. tariff threats, with its Commerce Ministry criticizing the U.S. for "blackmailing" and rejecting further negotiations unless based on equality and mutual respect.
Amidst the trade tension, global leaders, including those from , , and , are seeking ways to mitigate the impact or negotiate favorable terms, with Japan and Malaysia proposing diplomatic engagements and India pushing for trade deal concessions.
Diplomatic Efforts and Economic Impact
Japanese Prime Minister Ishiba and Malaysian Prime Minister have taken proactive steps, with Japan forming a task force to support affected industries and Malaysia advocating for a unified ASEAN response through soft diplomacy.
India's negotiations focus on overcoming significant tariffs on exports to the , with efforts aimed at achieving a fair and balanced trade relationship that considers the workforce-dependent agricultural sector.