Daily SumUp

Among the governments already signalling a willingness to engage with the US to avoid Trump’s tariffs, Taiwan’s president has offered zero tariffs as the basis for negotiations.

On Sunday Lai Ching-te pledged to remove trade barriers and said Taiwanese companies would raise their US investments.

The Israeli prime minister, Benjamin Netanyahu, said he would seek a reprieve from a 17% tariff on the country’s goods during a planned meeting with Trump on Monday, Reuters reports.

An Indian government official said the country did not plan to retaliate against a 26% tariff and that talks were under way with the US over a possible deal.

In Italy, the prime minister, Giorgia Meloni – a Trump ally – pledged on Sunday to shield businesses that suffered damage from a planned 20% tariff on goods from the European Union.

Italian wine producers and US importers at a wine fair in Verona on Sunday said business had already slowed and feared more lasting damage.