South Korean exports to the US were down 8.1 per cent for the month of May compared to the same month last year, weighed down by US President Donald Trump's tariff, which took a toll on the automobile sector, the Korea Herald reported on Sunday, citing the government of Korea's data.
A surge of "origin washing" advertisements has emerged on Chinese social media platforms, presenting exporters with methods to evade hefty US tariffs by re-exporting goods and using freight forwarding services or by misrepresenting their manufacturing locations, according to a report from Ra
Amid evolving tariff policies and the potential trade wars, manufacturing sectors reliant on US exports face heightened risks; however, ongoing supply chain diversification is benefiting industrial hubs and commercial real estate in India and Southeast Asia, according to a report by global r
"We are the first country to take such a pro-active initiative," he said in his letter, citing the visit of High Representative Dr Khalilur Rahman to Washington DC in February.
India could see a decline of USD 5.76 billion or 6.41 per cent in exports to the United States (US) because of the tariffs, in 2025 says a research report by the Global Trade Research Initiative (GTRI).
Trading partners of the US, particularly those emerging market economies where the tariff rates faced by US exporters exceed those charged on US imports, are at risk due to the Trump administration's impending reciprocity plans, Fitch Ratings said in a report.
One of the major announcements was "Mission 500," an ambitious goal to double bilateral trade to $500 billion by 2030. This initiative underscores the commitment of both nations to enhancing economic cooperation and leveraging mutual strengths to drive trade growth.
US Secretary of State Marco Rubio has vowed to counteract any schemes aimed at evading US sanctions following the seizure of a Venezuelan aircraft involved in violating US export control and sanctions laws.
The new tariffs, set to take effect on February 10, provide a short window for potential negotiations between the two countries says a report by S&P Global Market Intelligence.
Howard Lutnick, the nominee for US Commerce Secretary, has accused DeepSeek, a newly launched artificial intelligence model from China, of stealing US technology and getting around US export controls to obtain Nvidia chips, the Asia Times reported.