President Trump's new tariffs on imports from various countries, ranging up to 41%, have sparked mixed reactions. Some nations, like Cambodia and Thailand, expressed relief after negotiating lower rates than initially proposed. Others, including Canada and Switzerland, voiced disappointment. China remains uncertain after recent talks yielded no deal. The impact on financial markets was muted, although some Asian benchmarks fell. Several countries continue to lobby for further tariff reductions.

Prepared by Christopher Adams and reviewed by editorial team.