US President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the US leader’s tariffs policy.In 2020, the United States had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump told reporters aboard Air Force One.Asked about the comments, …
Vietnam approved plans on Wednesday for a multi-billion-dollar railway with China, boosting links between the two communist countries.Around the region, China has been financing railways under its Belt and Road Initiative, which funds infrastructure projects globally, but has come under fire with a number of plans stalled or mired in controversy. Here are some of the …
Japan’s trade minister is arranging a visit to the United States in coming weeks to seek exemptions from President Donald Trump’s tariffs, local media said Thursday.This month Trump said he was “simplifying our tariffs on steel and aluminum” as he signed off on a fresh round of import duties, which take effect on March 12.”It’s …
Japan’s trade minister arranging US trip: reports Read More »
From office lights switched off to out-of-service lifts, Indonesian civil servants are feeling the pinch after President Prabowo Subianto ordered sweeping budget cuts across government that he said will fund his big-ticket campaign pledges.Many government offices in the capital Jakarta are now turning their lights and air conditioners off immediately when the work day ends …
Lights out for Indonesia civil servants as Prabowo cuts budgets Read More »
Asian markets turned negative Thursday amid Federal Reserve concerns that US President Donald Trump’s tariffs and immigration measures could reignite inflation.The losses come despite a second-straight record close on Wall Street and follow a recent rally as traders have rolled with the president’s latest tariff salvos, betting they are being used as negotiating tactics.Minutes from …
Asian markets drop as Fed flags concern over Trump policies Read More »
Myanmar on Thursday handed over the first batch of hundreds of Chinese scam centre workers who are set to be repatriated through Thailand in the coming days.Thousands of foreigners are expected to be freed and returned from scam compounds in Myanmar in the coming weeks, starting with 600 Chinese over the next three days.The compounds …
Myanmar returns first batch of Chinese scam workers to Thailand Read More »
A failing Australian metals plant will be transformed into a hub for making “green iron and steel”, Prime Minister Anthony Albanese said Thursday as the government stepped in with a billion-dollar rescue package. More than 1,000 workers faced losing their jobs after the Whyalla steelworks in South Australia was swamped by mounting debts. Albanese on Thursday pledged …
Australia seeks to turn failing steel plant into ‘green’ hub Read More »
Global stocks were under pressure Wednesday after US President Donald Trump broadened his tariff threats, leaving European bourses lower even as the S&P 500 notched a fresh record.Trump warned the previous day that he would impose tariffs “in the neighborhood of 25 percent” on auto imports and a similar amount or higher on semiconductors and …
Stock markets pressured by Trump auto tariff threat Read More »
Germany’s car lobby on Wednesday warned that tariffs threatened by US President Donald Trump would raise prices for American drivers after Trump said he might hike taxes on imports of cars, pharmaceuticals and semiconductors.Speaking at his Mar-a-Lago resort in Florida on Tuesday, Trump told reporters that tariffs on the automobile industry will “be in the neighbourhood …
Trump auto tariff threat prompts pushback in Germany Read More »
Vietnam’s parliament approved plans on Wednesday for an $8 billion rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries and making trade easier.The new rail line will run through some of Vietnam’s key manufacturing hubs, home to Samsung, Foxconn, Pegatron and other global giants, …
Vietnam parliament approves $8 billion rail link to China Read More »
