Reuters Asia Business

US appeals court scrutinizes Trump’s use of tariffs as trade deadline looms

31 Jul 2025

By Jan Wolfe, Dietrich Knauth and Luc Cohen WASHINGTON (Reuters) -U.S. appeals court judges sharply questioned on Thursday whether President Donald Trump’s tariffs were justified by the president’s emergency powers, as lawyers for states and businesses challenging the measures argued he exceeded his authority. The U.S. Court of Appeals for the Federal Circuit in Washington, …

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Nvidia says its chips have no ‘backdoors’ after China flags H20 security concerns

31 Jul 2025

BEIJING/SAN FRANCISCO (Reuters) -Nvidia said on Thursday its products have no “backdoors” that would allow remote access or control after China raised concerns over potential security risks in the firm’s H20 artificial intelligence chip. The Cyberspace Administration of China, the country’s internet regulator, said it was concerned by a U.S. proposal for advanced chips sold …

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Explainer-What impact will US plans to restrict copper scrap exports have?

31 Jul 2025

By Pratima Desai LONDON (Reuters) -The United States is planning to restrict scrap copper exports from 2027, requiring that at least 25% of so-called “high-quality” scrap be retained for domestic use. In the near-term the measure is unlikely to have much impact as the U.S. already consumes more than 40% of the copper scrap it …

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Taiwan Q2 GDP grew fastest in four years on strong tech demand

31 Jul 2025

By Faith Hung and Jeanny Kao TAIPEI (Reuters) -Taiwan’s export-driven economy grew in the second quarter of 2025 at its highest rate in four years as tech demand remained robust despite the looming threat of U.S. tariffs. The island is awaiting more clarity on the outcome of just-concluded trade negotiations with U.S. President Donald Trump’s …

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Pakistan says it wins US tariff deal; Trump cites oil reserves pact

31 Jul 2025

By Ariba Shahid, Asif Shahzad and Kanishka Singh ISLAMABAD/WASHINGTON (Reuters) -The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports. “This deal marks the beginning of a new era of …

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Trump’s tariff on India to do little to upset iPhone manufacturing plans

31 Jul 2025

(Corrects spelling of ‘brakes’ in paragraph 13) By Munsif Vengattil BENGALURU (Reuters) -President Donald Trump’s 25% tariffs on Indian goods will do little to slow the role of the Asian country as a key hub for manufacturing iPhones, even when it means more expensive smartphones for U.S. consumers, analysts and industry executives said. Apple has …

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Tariffs pose a risk to Taiwan’s economic outlook, central bank minutes show

31 Jul 2025

TAIPEI (Reuters) -Taiwan’s central bank cautioned that U.S. tariffs are clouding the economic outlook for the second half of 2025, despite easing inflation, and called for more flexibility in monetary policy, minutes from the latest board meeting showed on Thursday. “Domestic inflation has continued easing and the economic conditions remain stable, heightened uncertainty in the …

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