Asia Business

Vietnam seeks US tariff delay as economic growth slows in first quarter

Vietnam has asked for a last-minute delay to colossal tariffs imposed by Washington as government figures showed on Sunday that its economy grew at a slightly slower pace in the first quarter.The Southeast Asian manufacturing powerhouse counted the United States as its biggest export market in the first three months of the year but its …

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Leading garment producer Bangladesh holds crisis talks on US tariffs

Bangladesh’s interim leader called an emergency meeting on Saturday after textile leaders in the world’s second-largest garment manufacturing nation said US tariffs were a “massive blow” to the key industry.Textile and garment production accounts for about 80 percent of exports in the South Asian country, and the industry has been rebuilding after it was hard …

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‘Hang tough, it won’t be easy’: Trump defiant on tariffs

US President Donald Trump doubled down Saturday on sweeping tariffs he unleashed on countries around the world, warning Americans of pain ahead, but promising historic investment and prosperity.The comments came as Trump’s widest-ranging trade measures took effect in a move that could trigger retaliation and escalating economic tensions, with the British and French leaders saying …

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Stocks, oil slump as China retaliates and Trump digs in heels

Equities and oil prices extended a global rout for markets Friday after China hit back over President Donald Trump’s tariff blitz with its own mammoth levy on US goods, inflaming international trade war fears.The Chinese government said Friday it would impose an additional 34 percent tariffs on all imports of US goods, making it the …

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California to defy Trump’s tariffs to allay global trade fears

California Governor Gavin Newsom said Friday that he will seek agreements with the rest of the world to avoid the expected retaliations against US President Donald Trump’s tariffs.”California is not Washington, DC,” Newsom said in a video posted to social media.”Donald Trump’s tariffs do not represent all Americans, particularly those that I represent here in …

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Trump’s tariff Big Bang puts global economy under threat

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China’s countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.The Wednesday White House event, billed by Trump as “Liberation Day”, unveiled levies on dozens of countries including all major …

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