More than 50 countries have contacted Trump to try to negotiate after he announced sweeping tariffs this week, the US's National Economic Council director, Kevin Hassett, says
Indonesia and Taiwan said they won't impose retaliatory tariffs while Israeli President Benjamin Netanyahu is heading to Washington DC to meet Trump for trade talks.
All of this action comes after a 10 percent "baseline" tariff on most US imports kicked in yesterday.
UK Prime Minister Keir Starmer warns "the world as we knew it has gone" and says the government is ready to step in to protect the British economy.
Vietnam's top leader, To Lam, has asked President Donald Trump to delay new tariffs on Vietnamese exports to the US by "at least 45 days", according to a letter seen by AFP and the New York Times.
Taiwan has joined the group of countries saying they won’t impose retaliatory tariffs on the US, President Lai Ching-te has announced.
But Taipei will remove trade barriers, gradually boost its investments in the US and "deepen" industrial cooperation with the White House, Lai tells a meeting of executives at his residence.
The Indonesian government says it won't retaliate against Donald Trump's tariffs, after the US president announced an additional 32% levy on its exports on Wednesday.
In a statement, chief economic minister Airlangga Hartarto says Jakarta will pursue negotiations to find a solution.
Trump's Tariff Spree In 2025
Right after assuming the office for his second tenure as the US president, Trump said that he could put 25 percent trade tariffs on Canada and Mexico starting on February. For products from China, Trump announced a levy of 60 percent levy.
In his inaugural address, Trump pledged that tariffs would be imposed and said foreign countries would be paying the trade penalties, even though those taxes are currently paid by domestic importers and often passed along to consumers.
