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 …
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 »
On a sweltering spring day, workers at a Christmas tree factory in eastern China rhythmically assembled piles of branches, wiping away sweat as they daubed white-paint snow onto plastic pine needles.Like countless other companies in the manufacturing powerhouse of Zhejiang province, its products are geared largely towards export — a sector freshly menaced by Donald …
Chinese manufacturers in fighting spirits despite scrapped US orders Read More »
President Donald Trump insisted Friday that his tariff policy was “doing really well” despite China hiking levies on US goods to 125 percent in the spiraling trade war between the world’s two biggest economies.Investors dumped US government bonds, the dollar tumbled and stocks seesawed after Beijing’s retaliation against Trump deepened concerns on already traumatized global …
Trump defends policy after China hits US with 125% tariffs Read More »
Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump’s unpredictable tariff policy rattled market confidence.Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher duties against scores of countries.But …
Dollar plunges, stocks wobble over trade war turmoil Read More »
An onslaught of tariffs by the United States will send “shock waves” through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs.The comments come as US President Donald Trump has upended global markets by pushing — and then retracting — a slew of tariffs …
African Development Bank chief warns of tariff ‘shock wave’ Read More »
India’s gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to hit lucrative exports and tens of thousands of jobs.At manufacturing and processing hubs across India, exporters and buyers worried over how they would absorb Trump’s gruelling 26 percent tariff on a multi-billion …
Hope sparkles anew for India’s jewellers after US tariff pause Read More »
Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple’s latest smartphone went on sale following a monthslong ban in Indonesia.The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple’s failure to meet regulation requiring that 40 percent of smartphone components be made from local parts.But …
Apple’s iPhone 16 hits Indonesia stores after monthslong ban Read More »
