AFP

Asian stocks rose Monday as trade war fears were tempered by Donald Trump’s announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived.After the wild gyrations witnessed last week, markets got off to a relatively stable start following news Friday that …

Asian stocks rise on electronics tariffs exemption, gold hits new high Read More »

US President Donald Trump warned Sunday that no country would be “getting off the hook” on tariffs, as his administration suggested exemptions seen as favoring China would be short-lived.The world’s two largest economies have been locked in a fast-moving, high-stakes game of brinkmanship since Trump launched a global tariff assault that particularly targeted Chinese imports.Tit-for-tat …

Trump warns no country ‘off the hook’ on tariffs Read More »

Chinese leader Xi Jinping warned Monday that protectionism “leads nowhere” and that a trade war would have “no winners”, state media said, as he was due to kick off a tour of Southeast Asia with a visit to Vietnam.Xi’s first overseas trip of the year will see him visit Vietnam, Malaysia and Cambodia as Beijing …

Xi warns protectionism ‘leads nowhere’ as starts SE Asia tour Read More »

Chinese President Xi Jinping will kick off a five-day, three-nation Southeast Asia tour on Monday as Beijing seeks to tighten regional trade ties and offset the impact of huge tariffs unleashed by his US counterpart Donald Trump.Xi will visit Vietnam, Malaysia and Cambodia in his first overseas trip of the year, China’s foreign ministry said.He …

China’s Xi courts Southeast Asia as Trump tariffs bite Read More »

Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump’s trade war, a top industry executive told AFP.Indonesia is the world’s biggest producer of the edible oil — used in making foods such as cakes, chocolate, and margarine …

Indonesia palm oil firms eye new markets as US trade war casts shadow Read More »

The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs — offering relief to US tech firms and partially dialling down a trade war with China.A notice late Friday by the US Customs and Border Protection office said smartphones, laptops, memory chips and other products would be excluded from the …

US exempts tech imports in tariff step back Read More »

The UK government said it was taking control of Chinese-owned British Steel on Saturday after rushing an emergency law through parliament to avert the shutdown of the country’s last factory that can make steel from scratch.The struggling plant in northern England had faced imminent closure and Prime Minister Keir Starmer said his government “stepped in …

UK government to take control of British Steel under emergency law Read More »