Worries about President Donald Trump’s tariffs are hurting U.S. stocks Monday as financial markets worldwide drop on concerns about a potential trade war.The S&P 500 was down 1.4% in early trading following similar losses for stock markets across Asia and Europe. The Dow Jones Industrial Average was down 435 points, or 1%, as of 9:35…
President Donald Trump’s decision to impose new tariffs on imports from Canada, Mexico, and China has triggered strong reactions from US trading partners, with Canada and Mexico outlining potential countermeasures and China warning of retaliation. The tariffs, which take effect Saturday (February 1), include a 25% levy on Canadian and Mexican imports and a 10%…
“At the moment, we are artificially creating a barrier between the US and mainland China, and that will stifle the development of technology,” Lawrence Cheung Chi-chong, HKPC’s chief technology officer, said in an interview on the sidelines of an AI conference organised by the council on Tuesday. “A lot of times for us, we don’t…
By Mei Mei Chu China’s October soy imports from US climb for seventh month BEIJING, – China’s soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the…
By Francesco Guarascio HANOI (Reuters) – Foreign companies are expanding capacity in Vietnam for testing and packaging chips while domestic firms are eyeing investments, as a shifting of industrial activity away from China gathers pace due to trade tensions with the West, executives said. The semiconductor back-end manufacturing sector, which is less capital-intensive than more…
Malaysia must navigate global trade tensions carefully as it seeks to sustain competition in its electric-vehicle sector through incentives for local manufacturers and lure investment, according to its Investment, Trade and Industry Minister Tengku Zafrul Aziz. In an exclusive interview with This Week in Asia, Zafrul warned that if tensions between the United States and…