South Korea eyes ‘K-Steel Act’ to rescue industry from tariffs, China glut
A bipartisan bill aims to create a presidential committee for master planning, offer financial support for next-gen steelmaking tech.
US President Trump’s sharp India criticism on tariffs, Russia oil corner PM Modi as rift deepens
India defends its Russian oil imports as necessary for affordable energy, criticising US and EU for targeting India while importing from Russia.
US tariffs spur China stimulus prospects as Hong Kong gains ‘safe haven’ appeal
US tariffs on transshipped goods could negatively impact Hong Kong’s trade sector. However, in terms of investment activity, the financial center could further sharpen its edge…
South Korea, US strike last-minute tariff deal, but tough talks lie ahead
Seoul warns “devil in the details,” as specifics on $350 billion investment, digital trade barriers remain unresolved.
Japan PM Ishiba states negative view on issuing written Japan-US agreement on tariffs
While having a negative stance on a written agreement, PM Ishiba stressed his willingness to devote himself to lowering tariffs on automobiles, which were not mentioned in an…
US President Trump threatens higher tariffs on India over Russian oil trade
President Trump's latest tariff warning comes just days after he imposed a 25 percent tariff on Indian goods, along with an unspecified penalty related to its trade with Russia.
No clear winner in US tariff policy among ASEAN countries
While there are no clear winners, Laos and Myanmar can be considered losers under a US policy that is shaking up global supply chains, as manufacturers in those countries are…
Pakistan, Iran aim to boost bilateral trade to $10 billion: PM Shehbaz
Pakistan and Iran share close ties and have signed multiple agreements across sectors such as energy and trade.
Indonesian manufacturers see tough times ahead as higher US tariffs kick in
They are increasingly cautious in their outlook as business confidence has fallen to a record low amid concerns over US import tariffs, with the waning sentiment risks holding…
Bangladeshi US retailers lean on suppliers to absorb tariffs
Rather than absorbing the cost or immediately passing it on to consumers, many US apparel retailers and brands have turned to their suppliers in Bangladesh, demanding they share…