The US imposed new tariffs on several countries, prompting varied responses. Malaysia secured a revised rate without compromising sovereignty. New Zealand's trade minister seeks talks to overturn its 15% tariff. Australia avoided increased tariffs, maintaining its 10% rate. Cambodia's 19% tariff, down from a potential 49%, protects its garment industry. India anticipates a weaker rupee due to tariffs, while Asian markets reacted with modest declines, expecting renegotiations.

Prepared by Christopher Adams and reviewed by editorial team.