Asian economies are scrambling to address escalating tariff threats from US President Donald Trump, who has vowed to impose new trade barriers if re-elected. Trump’s recent comments have sparked concerns across the region, with leaders in China, Japan, and South Korea exploring diplomatic and economic measures to mitigate potential impacts.

Trump’s proposed tariffs, which could target key exports such as electronics, automobiles, and steel, have raised fears of a renewed trade war. “We are in close dialogue with our American partners to find a mutually beneficial solution,” said a spokesperson for the Chinese Ministry of Commerce. Meanwhile, Japan and South Korea are reportedly considering concessions on agricultural and automotive trade to avoid punitive measures.

Analysts warn that the uncertainty could disrupt supply chains and dampen economic growth in the region. “The threat of tariffs is already affecting business confidence,” said an economist. “A prolonged trade dispute could have serious consequences for the global economy.”