APEC warns of stalling trade due to tariffs as China, US officials meet
World 18:40 15/05/2025SEOGWIPO, South Korea - The Asia-Pacific Economic Cooperation (APEC) grouping warned on Thursday that exports from a region that accounts for around half of world trade will slow sharply this year, and barely grow at all, in the wake of U.S. tariff announcements.
US slashes 'de minimis' tariff on small China parcels to as low as 30%
World 09:19 14/05/2025HONG KONG/SHANGHAI/LOS ANGELES - The U.S. will cut the "de minimis" tariff for low-value shipments from China to as low as 30%, according to a White House executive order and industry experts, further de-escalating a potentially damaging trade war between the world's two largest economies.
Fed survey finds global trade fight, policy uncertainty top financial stability risks
World 14:29 27/04/2025WASHINGTON - Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday.
Asian countries look to buy more US energy to offset trade imbalance
World 10:41 21/04/2025SINGAPORE - Asian governments are looking to buy more U.S. oil and gas as they scramble to lower their trade surplus with Washington in hopes of easing their tariff burdens under President Donald Trump's sweeping new import duties.
In China, whispers of change as some companies tell staff to work less
World 10:25 09/04/2025HONG KONG/BEIJING -- A handful of major Chinese companies like home appliance maker Midea have new badges of honour this year: mandatory clock-off times for staff and bans on after-hours meetings.
US unlikely to slap tariffs on Vietnam: official
Economy 17:14 27/06/2019Vietnam does not have a one-sided intervention in foreign exchange markets, one of the criteria the U.S. usually considers before imposing tariffs on a country
