Reuters Asia Business

Trump’s reciprocal tariff plan amplifies risk of ocean shipping chaos, executives say

2 Apr 2025

By Lisa Baertlein, Victoria Waldersee and Renee Maltezou LOS ANGELES/BERLIN/ATHENS (Reuters) -U.S. President Donald Trump’s new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout. The Trump administration on Wednesday is set to announce “reciprocal tariffs” …

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Analysis-US tariffs upend Japanese carmakers’ Mexico gambit – and add to Nissan’s woes

2 Apr 2025

By Daniel Leussink TOKYO (Reuters) – Japanese automakers have long relied on the “dependable and affordable” appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head. Trump has announced 25% tariffs on auto imports that …

Analysis-US tariffs upend Japanese carmakers’ Mexico gambit – and add to Nissan’s woes Read More »

Chinese firms place $16 billion in order for new Nvidia chips, the Information reports

2 Apr 2025

(Reuters) -Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least $16 billion in orders for Nvidia’s H20 server chips in the first three months of the year, the Information reported on Wednesday, citing two people with direct knowledge of the transactions. In February, Reuters first reported a surge in orders for …

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Kazakhstan says it has discovered 20 million ton rare earth metals deposit

2 Apr 2025

ALMATY, Kazakhstan (Reuters) – Kazakh geologists have discovered a rare earth metal deposit with estimated resources of more than 20 million metric tons at a depth of up to 300 metres, the country’s industry and construction ministry said in a statement on Wednesday. Kazakhstan does not currently feature in the U.S. Geological Survey’s list of …

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Doubts over CK Hutchison port deal add to concerns about China’s grip over Hong Kong

2 Apr 2025

By James Pomfret and Clare Jim HONG KONG (Reuters) – An expected delay in a key step in CK Hutchison’s planned sale of its Panama ports to a U.S. group, a deal blasted by Chinese media, highlights growing concerns about Beijing’s grip over Hong Kong and its exposure to global tensions, analysts say. Definitive documentation …

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Tesla’s China-made EV sales fall 11.5% y/y in March

2 Apr 2025

BEIJING (Reuters) -U.S. automaker Tesla sold 78,828 China-made electric vehicles in March, down 11.5% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday. Deliveries of China-made Model 3 and Model Y vehicles increased 156.9% from the previous month. Chinese rival BYD, with its Ocean and Dynasty EV and plug-in …

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China limits companies from US investments, Bloomberg News reports

2 Apr 2025

(Reuters) – China has taken measures to limit its companies from making investments in the United States in an effort to gain more leverage in potential trade talks with U.S. President Donald Trump’s administration, Bloomberg News reported on Wednesday citing people familiar with the matter. (Reporting by Ojasvi Gupta in Bengaluru; Editing by David Goodman)

Japan’s Terra Drone to boost cooperation with Saudi Aramco for inspections

2 Apr 2025

TOKYO (Reuters) – Japanese startup Terra Drone, which uses drones to survey and inspect energy infrastructure, is stepping up cooperation with Saudi Arabia’s state-owned oil company Aramco to inspect oil and gas facilities, Terra Drone told Reuters. The Japanese company has signed a memorandum of understanding with Aramco under which Terra Drone will hold test …

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China extends EU brandy probe, delays definitive penalties

2 Apr 2025

BEIJING (Reuters) -China will extend its anti-dumping investigation into European Union brandy by three months, its commerce ministry said on Wednesday, giving EU exporters, mainly French cognac suppliers, more time to try to avert painful Chinese penalties. The probe, initiated in January 2024 amid heightened trade tensions between China and the 27-state bloc, was originally …

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Ahead of US tariffs, Taiwan says it is ‘indispensable’ to global supply chain

2 Apr 2025

TAIPEI (Reuters) – Taiwan President Lai Ching-te said on Wednesday ahead of an announcement of sweeping import tariffs by the United States that the island is an “indispensable” member of the global supply chain and it would defend its companies’ interests. Officials in President Donald Trump’s administration, including Treasury Secretary Scott Bessent, have said that …

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