South Korea's automobile exports declined in April year on year, largely due to a sharp drop in shipments to the United States following Washington's imposition of steep tariffs on foreign-made cars, reports the Korean Herald, quoting government data.
The Asia-Pacific Economic Cooperation (APEC) on Thursday, warned across its 21 member nations that the region would not witness much growth in trade this year owing to the US trade tariff drama, reports Reuters.
China on Tuesday criticised the US tariffs linked to the fentanyl issue, arguing that the US is unfairly targeting Chinese imports. The Chinese Foreign Ministry spokesperson emphasised that the fentanyl crisis is a domestic issue for the United States to address, stating that despite China's
India has officially informed the World Trade Organization (WTO) that it plans to impose retaliatory tariffs on imports from the United States. This move comes as a response to the US extending its safeguard duties on steel, aluminium, and related products.
India and the United Kingdom FTA is seen as a part of a new global trade strategy that aims to reduce dependence on China, manage trade challenges from US tariffs, and help the UK reshape its economy after Brexit, according to a report by SBI Research.
Indian primary aluminium manufacturers are projected to remain in a healthy profitable state for this fiscal year, countering global trade headwinds, including the recent hike in US tariffs on aluminium imports, according to a report by Crisil Ratings.
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
Filmmaker Vikram Bhatt has weighed in on US President Donald Trump's recent announcement of a 100 per cent tariff on all films produced outside the United States, calling it a "knee-jerk reaction" by the US government, as this imposition includes many things that are not in the "interests" o
China's Ministry of Commerce on Friday said that the country is currently evaluating the situation after the United States made multiple recent attempts to initiate dialogue over tariffs through various official channels, according to a report by Xinhua.
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade worries following the reciprocal tariffs announced by the US.
From Dao county in Hunan province to Suining city in Sichuan and Tongliao city in Inner Mongolia, numerous frustrated workers have taken to the streets to voice their grievances about overdue wages and to contest unfair layoffs at factories forced to shut down due to US tariffs.
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