Reuters Asia Business

Taiwan says US tariffs unreasonable, partly blames Trump policies for trade surplus

3 Apr 2025

By Ben Blanchard TAIPEI (Reuters) -Taiwan said on Thursday that U.S. tariffs levied on the island were unreasonable and it would discuss them with Washington, partly blaming U.S. tech curbs on China in President Donald Trump’s first term for driving the trade imbalance. Trump on Wednesday announced across the board import tariffs, with much higher …

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Trump tariff shock stings Bangladesh, Sri Lanka garment giants, may help India

3 Apr 2025

By Ruma Paul, Uditha Jayasinghe and Dhwani Pandya DHAKA/COLOMBO/MUMBAI (Reuters) – Bangladeshi garment exporter Shahidullah Azim woke up on Thursday to the shock of U.S. President Donald Trump slapping a 37% tariff on his country’s exports, endangering an apparel hub already reeling from domestic political upheaval. “We knew something was coming, but we never expected …

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Trump’s trade policies triggered largest Asian equity outflows in at least 15 years in Q1

3 Apr 2025

(Reuters) – Foreign investors withdrew the largest amount of money from Asian equities in about 15 years in the quarter to March ahead of U.S. President Donald Trump’s major tariff announcement – and some say the region may see more selling as investors head for safe-haven assets. Overseas investors divested stocks worth a net $43.73 …

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Pakistan to cut power prices in a sign economy stabilising

3 Apr 2025

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan will cut power prices for domestic and industrial users, Prime Minister Shehbaz Sharif said on Thursday, in a sign of the economy’s recovery from the brink of default. The International Monetary Fund stepped in to stabilise the Asian country’s finances with a standby arrangement in 2023 and then a …

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Dabeinong says biotech unit’s GM soybean products approved by Uruguay for planting

3 Apr 2025

BEIJING (Reuters) – Beijing-based feed group Dabeinong said on Thursday that three genetically modified soybean varieties developed by its biotech unit have been approved for planting by Uruguay’s authorities. The three varieties have already received approval for planting in Argentina, and two of them in Brazil. While the product will be commercially promoted in Uruguay, …

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Japan’s Mitsubishi may consider investing in Alaska LNG project, CEO says

3 Apr 2025

By Yuka Obayashi TOKYO (Reuters) -Japanese trading house Mitsubishi Corp may consider investing in an LNG project in Alaska, though any decision will require careful review, Chief Executive Katsuya Nakanishi said on Thursday. An Alaskan delegation visited Japan last week to brief policymakers and meet possible backers of the $44 billion natural gas project in …

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Trump signs order ending duty-free treatment for cheap shipments from China

3 Apr 2025

By Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as “de minimis” that has allowed low-value packages from China and Hong Kong to enter the United States free of duties. Trump signed the order, which takes effect at 12:01 a.m. Eastern Time (0401 …

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Vietnam maintains 8% growth goal amid US tariff challenge

3 Apr 2025

By Khanh Vu and Phuong Nguyen HANOI (Reuters) -Vietnam’s Prime Minister, Pham Minh Chinh, pledged on Thursday to maintain the country’s economic growth target of at least 8% for this year, despite the U.S. imposing a hefty 46% tariff on the Southeast Asian nation’s exports. The announcement came during an emergency cabinet meeting, which included …

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Factbox-The tariff levels Southeast Asia faces under Trump plan

3 Apr 2025

(Reuters) – Countries in the export-driven region of Southeast Asia have been hit with particularly high tariffs in the global round of levies announced by U.S. President Donald Trump.Six of the 10 Southeast Asian countries listed had tariff levels of between 32% to 49%. By comparison, the European Union’s tariff level was 20%. Global and …

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Japan’s Mitsubishi may consider investing in Alaska LNG project, CEO says

3 Apr 2025

TOKYO (Reuters) – Japanese trading house Mitsubishi Corp may consider investing in the Alaska LNG project in the United States, Chief Executive Katsuya Nakanishi said on Thursday, adding that careful due diligence would be needed before any decision. An Alaskan delegation visited Japan last week to brief policymakers and meet possible backers of the $44 …

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