The US and China will hold their first trade talks later this week since Donald Trump launched his tariff tirade. US treasury secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China’s economic tsar He Lifeng in Switzerland in the first steps towards de-escalating the dispute between the world’s two largest economies.

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.