Reuters Asia Business

Thai Finance Minister says U.S. auto tariffs to impact Thai auto parts exports

BANGKOK (Reuters) – Thailand’s exports of auto parts will be affected by newly imposed U.S. tariffs, the finance minister said on Thursday, adding he hoped to negotiate to send parts directly to America rather than via manufacturers in other countries. Thailand is Southeast Asia’s biggest autos production centre and an export base for some of …

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Indian alloy steel producers plan anti-dumping plea against Chinese steel, executive says

By Neha Arora NEW DELHI (Reuters) – The Indian alloy steel producers’ association plans to soon file an anti-dumping petition with the federal trade ministry against cheap imports from China, its senior executive told Reuters on Thursday. India, the world’s second-biggest producer of crude steel, has the capacity to make around 18-20 million metric tons …

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Factbox-Automakers and countries most vulnerable to US auto tariff increase

(Reuters) – U.S. President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week. Nearly half of all cars sold in the U.S. last year were imported, according to industry data. Below …

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Myanmar rebel group allows export of rare earth inventories to China, sources say

By Amy Lv and Lewis Jackson BEIJING (Reuters) – A Myanmar rebel group that controls one of the world’s largest rare earth zones has told miners there it will allow shipments of existing rare earth inventories to China from Thursday, according to two sources and a statement reviewed by Reuters. Rare earth mining in Myanmar …

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Thai cabinet approves draft law for casinos, with limits for local gamblers 

By Panarat Thepgumpanat and Orathai Sriring BANGKOK (Reuters) – Thailand’s cabinet on Thursday approved a draft law for casinos and entertainment complexes, as the government looks to attract more tourists and build a major gaming industry. Gambling is mostly banned in Thailand apart from state-controlled horse racing, the lottery and on some sports but successive …

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South Korea plans emergency response over US tariffs on autos

SEOUL (Reuters) -South Korea’s auto sector is expected to face “considerable difficulties” when U.S. import tariffs on cars announced by President Donald Trump take effect and the government plans an emergency response by April, the industry minister said. South Korea will also actively engage the U.S. government to explore measures to minimise the negative impact …

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Taiwan plans response to Trump tariffs with energy imports, tariff cuts

By Jeanny Kao and Faith Hung TAIPEI (Reuters) – Taiwan is considering a variety of responses to potential new tariffs from the United States including increasing energy imports and reducing the island’s own tariffs to balance bilateral trade, government officials said on Thursday. Trump administration officials, including Treasury Secretary Scott Bessent, have said that much …

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SK Hynix says some customers brought forward orders ahead of US tariffs

By Heekyong Yang and Hyunjoo Jin ICHEON, South Korea (Reuters) -South Korea’s SK Hynix, the world’s second-largest memory chipmaker, said on Thursday that some customers have brought forward orders in preparation for new U.S. tariffs on semiconductors. Speaking at the company’s annual shareholder meeting, SK Hynix’s Head of Global Sales and Marketing, Lee Sang-rak, said …

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Foxconn plans EV event in Japan to woo manufacturers, sources say

By Wen-Yee Lee, Maki Shiraki and Yimou Lee TAIPEI/TOKYO (Reuters) – Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of the matter said, as it courts more Japanese automakers after winning a deal from Mitsubishi Motors. The Taiwan contract …

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