Trump says Indonesia trade deal features 19% tariff; Jakarta yet to confirm Traffic moves through the buildings in downtown Jakarta, Indonesia. Bloomberg | Bloomberg | Getty Images President Donald Trump on Tuesday said he reached a preliminary trade deal with Indonesia, which will set a 19% tariff on the Southeast Asian country’s U.S. exports. “We will pay…
China’s second-quarter GDP grows 5.2%, topping market expectations China’s economy grew at a slower clip in the second quarter, slightly beating expectations as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn. China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National…
Oslo Taxi’s NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drives through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — China is hoovering up market share in electric vehicle-friendly Norway, posing significant competition to Elon Musk‘s Tesla and other Western…
Singapore’s economy grows 4.3% in second quarter, beating expectations Singapore’s economy grew at 4.3% year over year in the second quarter of the year, accelerating from 3.9% in the first quarter and beating expectations. The advance figure was higher than the 3.5% forecasted by Reuters. On a quarter-on-quarter basis, Singapore’s GDP grew by 1.4%, a…
Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at up to $10 billion, three people familiar with the deal process told CNBC. Almost 30 domestic and foreign private equity firms in China have submitted non-binding offers, the sources said, adding that proposals on the table value the business between…
WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew…
Global stocks have surged to unprecedented levels in the first half of 2025, even as U.S. President Donald Trump’s tariff salvos ripple across the globe. Here are the top winners and losers globally, as well as where they’re headed. The MSCI All Country World Index, which measures the performance of over 2,500 stocks from both…
Shigeru Ishiba, Japan’s prime minister, speaks during a news conference at the prime minister’s official residence in Tokyo, Japan, on Monday, Nov. 11, 2024. Kiyoshi Ota | Via Reuters U.S. President Donald Trump’s tariff letters that threaten steep duties on several countries, including key allies, have led to “shock” and “regret” even as nations expressed…
Jackal Pan | Moment | Getty Images Asia-Pacific markets rose after U.S. President Donald Trump announced steep tariffs on 14 trading partners, including Japan and South Korea. Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are now set to face 25% tariffs starting Aug. 1, according to the letters Trump posted on…
U.S. President Donald Trump has threatened an additional 10% tariff on countries that orient themselves along the “Anti-American policies of BRICS.” Trump’s announcement, which did not elaborate on any specific policy of BRICS, came as the group’s meeting is underway in Rio de Janeiro. The bloc’s leaders appeared to take aim at Trump’s sweeping tariff…