Donald Trump, Asia and Tariffs
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Reuters |
That will slam Chinese exporters which had grown to rely on re-routing goods through Southeast Asia, and were investing in factories there, all the more.
BBC |
Donald Trump took to Truth Social to announce even tougher tariffs on China and a 90-day pause on higher tariffs for dozens of countries.
Wall Street Journal |
“Trump’s objectives suggest the global trade war can persist,” CBA’s Carol Kong says in a research report.
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6don MSN
Asia has become one of the hardest-hit regions from sweeping tariffs unleashed by US President Donald Trump, with an average rate of nearly 30 per cent levies on exports to America slapped onto countries in the region.
The shock was felt across markets with the US president set to impose a barrage of tariffs on all goods from overseas from Wednesday – a day he has dubbed America's "Liberation Day". Mr Trump has suggested that the tariffs will apply to all nations and not just a select group of 10 to 15 countries that he has accused of enjoying the widest trade imbalances with America.
Chinese companies that shifted operations to South-East Asia to save costs while getting around Trump tariffs during his first mandate are back in the firing line.
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China staged military drills off Taiwan’s north, south and east coasts on Tuesday as a “stern warning” against separatism and called Taiwanese President Lai Ching-te a
Shimla is set to become home to Asia's longest ropeway, spanning 60 km with 15 boarding points and 660 cabins. The INR 1,734 crore project aims to alleviate traffic congestion, boost tourism, and support local businesses.
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After winning Cannes' Grand Prix, earning a Golden Globe nomination and taking home best picture at the Asia Film Awards, Kapadia gives The Hollywood Reporter a few updates on the next two films she has in the works.
The White House is sending mixed messages on tariffs as it pursues conflicting goals, and Senators on Capitol Hill are responding to concerns over tariffs and volatile markets.