Indonesia signs energy, grain deals with US
By AFP and published by CNA Jakarta – Indonesia’s state oil company and agricultural firms have signed deals to increase their purchases of United States goods, the country’s chief economic minister told AFP on Wednesday (July 9), as Jakarta lays the groundwork to avoid the worst of President Donald Trump’s tariffs. Southeast Asia’s biggest […]
Read MoreThai exports could take $27 billion hit from US tariffs, industry group says
By Reuters and published by CNA THE Federation of Thai Industries on Tuesday (July 8) estimated that damage to Thai exports could reach 800 billion to 900 billion baht ($24.5 billion to $27.6 billion) from US tariffs of 36 percent, slated to start in August. Meanwhile, Asian economies prepared on Tuesday to step up […]
Read MoreThailand faces 36% hike as Trump unveils first wave of steeper US tariffs in push for deals
By Reuters and published by CNA Washington – US President Donald Trump on Monday (July 7) began telling trade partners – among them Thailand – that sharply higher US tariffs will start Aug. 1, marking a new phase in the trade war he launched earlier this year. The 14 countries sent letters so far, […]
Read MoreThailand has submitted latest trade proposal to United States, finance minister says
By Reuters and published by Yahoo!Finance THAILAND has submitted its latest trade proposal to the United States, its finance minister Pichai Chunhavajira said on Monday (July 7), as it tries to head off steep tariffs from its largest export market. Washington has threatened to impose a 36% levy on imports from Thailand if a […]
Read MoreThailand still negotiating Trump tariff
THAILAND is still negotiating the tariff rate US will impose on Thai products while concerned about the outcome and hoping that the hiked rate of 36%, which was paused for 90 days with a 10% rate applied to allow time for negotiation, will be postponed further on July 9, Naewna newspaper said this morning […]
Read MoreThai May exports jump 18.4% y/y, well above forecast
By Reuters and published by CNA THAILAND’S customs-cleared exports jumped 18.4 percent in May from a year earlier, the commerce ministry said on Wednesday (June 18), beating analysts’ expectations. The reading compared with a forecast 6.7 percent year-on-year increase for May in a Reuters poll, and followed April’s 10.2 percent rise. In the first […]
Read MoreFederal court blocks Trump from imposing sweeping tariffs under emergency powers law
By AP and published by Yahoo!News and BBC Washington – A federal court on Wednesday (May 28) blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears […]
Read MoreSoutheast Asian nations want to discuss tariffs with Trump as a unified bloc, Malaysia PM says
By AP and published by Yahoo!News Kuala Lumpur, Malaysia – Southeast Asian nations will forge a common front to face challenges including economic headwinds from US tariffs and a four-year civil war in Myanmar, Malaysian Prime Minister Anwar Ibrahim said today (May 26). Opening an annual summit of the Association of Southeast Asian Nations, […]
Read MoreUS and China take a step back from sky-high tariffs, agree to pause for 90 days
By AP and published by Yahoo!Finance Geneva – US and Chinese officials said on Monday (May 12) they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s […]
Read MoreTrump says ordering ‘100% tariff’ on all movies produced abroad
By Reuters and published by CNA Washington – US President Donald Trump on Sunday (May 4) announced a 100 percent tariff on movies produced outside the country, saying the American movie industry was dying a “very fast death” due to the incentives that other countries were offering to lure filmmakers. “This is a concerted […]
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