While Japan won’t walk away from its alliance with the United States, the linchpin of the Asian country’s diplomacy and security policies, “it’s also true that the tariffs and uncertainty that Trump has created for Japan is really shaking things up in Tokyo,” Goodman said.

Delegations will meet this weekend in Switzerland for the first major talks between the world’s two biggest economies since Trump sparked a tariff war in his second term.

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will both travel to Geneva, Switzerlandare scheduled to meet later this week with Chinese representatives on trade and economic matters,

Shares have advanced in Asia after the U.S. and China said they are planning trade talks in Switzerland later this week.

China has cut interest rates and bank reserve requirements as part of a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump’s trade war

US and Chinese officials are set to start talks this week to try to deescalate a trade war between the world's two biggest economies. Chinese Vice Premier He Lifeng will attend the talks in Switzerland from 9 to 12 May,