Vietnam has formally requested that the United States delay enforcement of a sweeping 46% tariff on Vietnamese exports, just days before the measure is set to take effect on Wednesday, April 9, 2025. In a bid to avert major disruptions to its export-driven economy, Hanoi has asked for a pause of at least 45 days…
Thailand and Indonesia are taking markedly diplomatic approaches to the Trump administration’s sweeping new trade tariffs, as Southeast Asian nations scramble to respond to U.S. import duties that could significantly impact regional exports. Thai Prime Minister Paetongtarn Shinawatra announced Sunday that Thailand will ramp up imports of U.S. energy, aircraft, and agricultural products in a…
Latin American governments and analysts are reacting to U.S. President Donald Trump’s sweeping new tariff plan, which was unveiled Tuesday under the banner of “Liberation Day.” The executive order introduces a wide range of import duties — from 10% to as high as 50% — targeting over 180 countries and dramatically altering the global trade…
Singaporean leaders are issuing stark warnings after U.S. President Donald Trump unleashed sweeping global tariffs, with Prime Minister Lawrence Wong calling it a direct threat to the city-state’s economy and a step toward a global trade war. “It will spell trouble for all nations, especially small ones like Singapore,” Wong said in a video address…
Nissan has suspended all new U.S. orders for its Mexican-built Infiniti SUVs following the implementation of sweeping new U.S. auto tariffs, marking one of the first major manufacturer pullbacks triggered by President Donald Trump’s 25% levy on foreign-made cars and trucks. In a statement Thursday, the Japanese automaker confirmed it will no longer accept U.S….
In a rare show of regional unity, Japan, China, and South Korea have agreed to accelerate economic cooperation and revive stalled free trade talks, as U.S. tariffs threaten to upend global trade flows and hit Asia’s export-reliant economies. Meeting for the first time in more than five years, trade ministers from the three nations issued…
As the impact of U.S. tariffs begins to ripple through the Japanese economy, Prime Minister Shigeru Ishiba has pledged to push back against the levies while rolling out emergency support for affected industries — but warned local businesses that relief may take time. Speaking before parliament on Monday, Ishiba said Tokyo will continue urging U.S….
As fresh U.S. tariffs send shockwaves through global and Asian markets, China’s central bank has remained to keep its currency stabile over a sharp devaluation — for now. On Monday, the People’s Bank of China (PBOC) set the yuan’s daily midpoint at 7.1980 per U.S. dollar, a four-month low, but crucially still shy of the symbolic…
Goldman Sachs has sharply raised its estimate for the likelihood of a U.S. economic downturn within the next year to 45%, citing tightening financial conditions and growing uncertainty over economic policy. The revised forecast — up from 35% — underscores the potential impact of President Donald Trump’s tariff measures, which have disrupted trade flows and…
Asian stock markets plunged on Monday as the economic shock from sweeping new U.S. tariffs sent tremors across global financial markets. Investors across the region reacted with alarm, fearing that an escalating trade war could tip the world’s largest economy into a recession — with serious fallout for export-driven nations in Asia. Markets in Tokyo,…
