Reuters Asia Business

By David Lawder and Trevor Hunnicutt WASHINGTON/JUPITER, Florida (Reuters) -U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week. The initial 10% “baseline” tariff paid by U.S. importers took effect at …

US starts collecting Trump’s 10% tariff, smashing global trade norms Read More »

By Antoni Slodkowski BEIJING (Reuters) -China said on Saturday “the market has spoken” in rejecting U.S. President Donald Trump’s tariffs, and called on Washington for “equal-footed consultation” after global markets plunged in reaction to the trade levies that drew Chinese retaliation. State-run Xinhua news agency also published the Chinese government’s stance, saying the U.S. should …

China to US: ‘Market has spoken’ after tariffs spur selloff Read More »

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence products but said it would need to closely watch global politics. Revenue for Apple’s biggest iPhone assembler jumped 24.2% year-on-year to T$1.64 trillion ($49.5 billion), Foxconn said in a statement on Saturday, just …

Foxconn reports record Q1 revenue, says it must closely watch global politics Read More »

(Reuters) -Nissan Motor said on Thursday it will not take new orders from the U.S. for two Mexican-built Infiniti SUVs, following auto tariffs levied by President Donald Trump, in a drastic scale-back of its operations at a joint venture plant. The Japanese automaker said it would now maintain two shifts of production of the Rogue …

Nissan says it will not take new US orders for Mexican-built Infiniti SUVs Read More »

By Dawn Chmielewski, David Shepardson and Antoni Slodkowski WASHINGTON/BEIJING (Reuters) -A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump’s tariffs announcement this week, according to two sources familiar with the matter. Trump on Friday extended by 75 …

TikTok deal put on hold after China objects over tariffs, sources say Read More »

By Jeffrey Dastin REDMOND, Washington (Reuters) – As Microsoft CEOs past and present gathered here to celebrate the company’s 50th birthday, one leader said he is targeting a particular metric’s improvement to guide his strategy on artificial intelligence. Mustafa Suleyman, chief executive of Microsoft AI, said his consumer and research division is tracking the usual …

How Microsoft’s AI chief measures consumer inroads for Copilot Read More »

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE (Reuters) – China’s retaliation on Friday against new U.S. tariffs is poised to accelerate Beijing’s move towards alternative suppliers for agricultural goods including Brazil, a shift that began during the trade war of U.S. President Donald Trump’s first term. Beijing unveiled a slew of countermeasures, including additional duties …

China retaliation on US farm goods hits soybeans, bolstering Brazil Read More »

(Reuters) -Intel and Taiwan Semiconductor Manufacturing Co have recently discussed a preliminary agreement to form a joint venture to operate the U.S. chipmaker’s factories, the Information reported on Thursday, citing two people involved in the discussions. TSMC, the world’s largest contract chipmaker, will take a 20% stake in the new company, the report said. The …

Intel, TSMC recently discussed chipmaking joint venture, the Information reports Read More »