Japan recorded a trade deficit for the fiscal year that just ended but racked up a $63 billion surplus with the United States

Japan is "deeply concerned" about global economic fallout from U.S. President Donald Trump's trade tariffs, Finance Minister Katsunobu Kato said on Thursday in the government's strongest warning yet as the two nations began trade talks.

The new 26% reciprocal tariffs imposed by the US on Indian imports have taken effect. India plans to respond cautiously, avoiding immediate retaliation while engaging in ongoing trade negotiations. The tariff,

US President Donald Trump's 26% tariffs on imports from India came into full effect on Wednesday morning. Donald Trump announced the reciprocal tariffs on April 3 in the Rose Garden of the White House as part of his ‘Liberation Day’ announcement event.

With Donald Trump putting a 90-day pause to his global tariffs on all countries, except China, CAIT feels that the situation poses challenges and provides opportunties for India. Here's