US Vice President JD Vance has expressed hope that India will respond to the Pahalgam terrorist attack in a way that does not lead to a broader regional conflict, and expects Pakistan to cooperate with New Delhi to hunt down militants operating from their soil.
https://www.deccanchronicle.com/world/us-hopes-pakistan-cooperates-with-india-against-terrorists-vance-on-pahalgam-attack-1876425In northern Vietnam's city of Bac Ninh, Chinese-owned businesses like hardware store owner Shi Xinchuan are bracing for impact from US President Donald Trump's trade policies. Many have cancelled orders and scrapped expansion plans due to the threat of tariffs, which could lead to closure if they resume. Shi, who has made a living supplying goods such as adhesives and electronic components, is anxious about the future of Vietnam's export sector.
https://www.scmp.com/economy/china-economy/article/3308705/chinese-firms-vietnam-halt-new-investment-face-closure-if-trumps-tariffs-return?module=top_story&pgtype=sectionChina will host the fourth ministerial meeting of the China-CELAC Forum in Beijing, marking an important diplomatic effort to strengthen ties with Central and Eastern European countries. In a recent video address, Chinese President Xi Jinping discussed climate change and sustainable development during the Leaders Meeting on Climate and the Just Transition on April 23, highlighting China's commitment to global cooperation and environmental protection.
https://www.globaltimes.cn/page/202505/1333283.shtmlBASF, a German chemical company, has warned that it needs more time to assess the impact of tariffs on its outlook due to ongoing trade tensions between the US and China. The company's CEO, Martin Brueckner, stated that BASF is closely monitoring the situation and will provide an update once the uncertainty subsides. This comes as global trade tensions continue to affect various industries, including chemicals and manufacturing.
https://www.livemint.com/companies/news/basf-warns-it-needs-more-time-to-assess-tariff-impact-on-outlook-11746172106219.htmlChina has acknowledged that its economy, heavily reliant on exports, is facing difficulties due to global economic shifts. The country blamed a "sharp shift" in the global economy for the decline in factory activity in April. US tariffs triggered by Donald Trump have led to an unexpected contraction of the US economy in the first three months of the year. China ended tariff exemptions on goods worth less than $800, which could impact consumer purchasing habits. Analysts, including Ja-Ian Chong and Stephen Innes, note that while Beijing's comments represent a "first olive branch," significant challenges remain in reaching a deal, with both sides hesitant to appear weak.
https://www.victoriaadvocate.com/news/nation/china-says-open-to-us-trade-talks-offer-but-wants-tariffs-scrapped/article_baa66e64-5ba2-5ea0-a66b-5783e8ba9de2.htmlAsian markets rose Friday as China considered a US offer to negotiate steep tariffs, following strong results from tech giants Microsoft and Meta that offset economic worries. China's commerce ministry said it was evaluating a US proposal for negotiations on tariffs, but wanted Washington to show "sincerity" in scrapping levies that have disrupted global markets and supply chains. The US has imposed 145% tariffs on many Chinese products, while Beijing has responded with fresh 125% duties on imports from the US. Japan's envoy for US tariff talks said a second round of negotiations had been "frank and constructive", but warned that the path to an agreement was littered with landmines. The Bank of Japan revised down its growth forecasts due to tariffs, while traders await US jobs data for April for indications of the US central bank's interest rate path.
https://www.victoriaadvocate.com/news/nation/asian-stocks-gain-after-china-teases-us-tariff-talks/article_985410c6-0aaa-55d1-97ba-0d6d8ba9f045.htmlChina's commerce ministry is evaluating a US offer for negotiations on tariffs, but wants Washington to demonstrate sincerity and be willing to scrap levies that have disrupted global markets and supply chains. The deadline for countries to strike an agreement with the US is July, with dozens of nations facing higher country-specific rates if they fail to comply. US President Donald Trump claims China has reached out for talks on tariffs, but Beijing's demand for sincerity suggests a need to reconsider the 145% rate before holding serious negotiations.
https://channelnewsasia.com/asia/asian-stocks-gain-china-teases-us-tariff-talks-5104086China's commerce ministry is evaluating a US offer to negotiate steep tariffs, but wants Washington to show "sincerity" and be ready to scrap levies that have disrupted global markets and supply chains. The US has imposed 145% duties on many Chinese products in April, while China has responded with fresh 125% duties on imports from the US. Asian markets rose today, tracking Wall Street gains, as tech giants Microsoft and Meta reported strong first-quarter results.
https://www.malaymail.com/news/money/2025/05/02/us-china-tariff-talks-back-on-table-asian-markets-climb-on-trade-detente-hopes/175289China has called for the US to show sincerity and take concrete actions to address trade issues, including correcting wrong practices and canceling unilateral tariffs.
https://www.ocregister.com/2025/05/02/china-us-tariffs-2/