International Trade & Economic News – April 18, 2025

U.S.–Japan Tariff Talks Yield “Big Progress”

New Ambassador George Glass, arriving in Tokyo on April 18, voiced optimism that the U.S. and Japan will finalize auto, steel, and aluminum tariff rollbacks. President Trump termed the dialogue “very promising.”

Port Fees on Chinese Ships

In an escalation, the U.S. Trade Representative will impose fees on all Chinese‑built vessels docking at American ports, aiming to curb China’s maritime dominance and revive the domestic shipbuilding sector. The policy launches October 14, 2025, with exemptions for empty return voyages and certain domestic routes.

IMF & WTO Align on Trade Deficits

For the first time, IMF Managing Director Kristalina Georgieva and WTO Director‑General Ngozi Okonjo‑Iweala publicly endorse concerns over global trade imbalances, echoing arguments long used by the U.S. administration. They urge a reformed, rules‑based system to mitigate economic uncertainty.

Japan’s Economic Outlook

Japan’s April economic report warns that U.S. tariff measures are spawning volatility risks for both domestic markets and global supply chains. While private consumption and corporate demand remain resilient, the report notes declining business sentiment among major manufacturers.

100% EU Deal?

At a White House meeting, President Trump told Italy’s Prime Minister Giorgia Meloni he was “100%” confident of clinching a comprehensive trade deal with the EU before the tariff pause expires. Meloni signaled readiness to mediate talks between Washington and Brussels.

China’s Non‑Tariff Retaliation

Beijing has extended its suspension of U.S. sorghum and poultry imports, citing safety concerns—a move seen as part of its broader strategy to counteract U.S. tariffs without formal duties.

Xi’s Southeast Asia Tour

President Xi Jinping wrapped up a three‑nation swing through Vietnam, Malaysia, and Cambodia, signing dozens of bilateral cooperation agreements. The tour underlined China’s appeal as a stable partner amid U.S. protectionism.

Community & Sector Impacts

• U.S. Chinatowns: Merchants report steep price hikes on cultural staples like herbal medicines and specialty groceries, straining small businesses and immigrant communities.

• Farm Belt: U.S. sorghum exports to China plunged sharply year‑on‑year, though some farmers plan expanded plantings in expectation of market recovery—underscoring the need for stable, predictable trade policies.