Reuters Asia Business

By Karen Freifeld NEW YORK (Reuters) -The Trump administration is working on changes to a Biden-era rule that would limit global access to AI chips, including possibly doing away with its splitting the world into tiers that help determine how many advanced semiconductors a country can obtain, three sources familiar with the matter said. The …

Exclusive-Trump officials eye changes to Biden’s AI chip export rule, sources say Read More »

By Maggie Fick and Pushkala Aripaka (Reuters) – AstraZeneca expects only limited impact from potential U.S. tariffs on pharmaceutical imports, the drugmaker said on Tuesday, asserting it would maintain its 2025 forecasts if the levies end up being in line with other sectors. The tariffs and their erratic rollout by President Donald Trump have heightened …

AstraZeneca says potential US tariffs manageable, faces another China fine Read More »

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent predicted on Tuesday that China could lose 10 million jobs quickly due to tariffs and that Beijing will see over time that Chinese tariffs are not sustainable. (Reporting by Andrea Shalal and Steve Holland; Editing by Chizu Nomiyama)

By Siyi Liu, Florence Tan SINGAPORE (Reuters) -China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been granted exemptions. The move will ease pressure on Chinese firms that import U.S. …

China waives tariffs on US ethane imports, sources say Read More »

By Shivangi Acharya and Manoj Kumar NEW DELHI -New Delhi is prepared to include a sweetener in trade talks with Washington that would “future-proof” a deal by ensuring no other trade partners could have superior terms, as it pushes for a quick agreement with the Trump administration, Indian government officials said. The “forward most-favoured-nation” clause, …

Exclusive-India prepared to ‘future-proof’ trade deal as sweetener in US talks, sources say Read More »

By Lisa Barrington and Sophie Yu BEIJING (Reuters) -China’s three biggest airlines reported deeper first-quarter losses on Tuesday from the same period a year ago, amid intensifying competition and economic pressures on consumers, and a worsening trade war with the United States. State-owned China Southern Airlines, Air China, and China Eastern have struggled to return …

China’s largest airlines deepen losses in first quarter as competition, US tariffs to weigh Read More »