US President Donald Trump congratulated Canada's Prime Minister Mark Carney after his Liberal party won the election on Tuesday, with the leaders discussing their nations' relationship amid trade tensions, including US tariffs impacting Canadian economy.
The rating agency estimates that the tariff-related impact could erode operating profits by Rs2,700-4,500 crore, equivalent to 10-15 per cent of the operating profits of auto component exporters and 3-6 per cent of the overall industry's operating profits.
The investors in the upcoming week will closely monitor key economic data, geopolitical tensions, foreign institutional investor (FII) moves and discussions around the new trade agreement between the US and its trade partners.
Facing US tariffs and rising risks in China, more than 25 per cent of Taiwanese businesses operating in China are considering ending their operations, while 50 per cent plan to expand investments into non-Chinese supply chains, according to the Straits Exchange Foundation.
The Uttar Pradesh (UP) government has set an ambitious target of tripling its export by 2030, as the ongoing tariff war between the United States and China has provided an opportunity for the state, an official statement by the state said on Saturday.
Exporters eyeing new opportunities in the U.S. market amid high tariffs of up to 245 per cent on China must proceed with caution, warns a new report by the Global Trade Research Initiative (GTRI).
Taiwan President William Lai Ching-te assured farmers and fishers that Taiwan's tariff talks with the US would not sacrifice the interests of its agriculture and aquaculture sectors, amid concerns over new US duties prompted by trade tensions with China.
Malaysian PM Anwar Ibrahim urged swift implementation of economic plans to shield the country from global uncertainties, following recent US tariff announcements, during a Special Sarawak State Development Meeting.
Taiwan's government is ramping up efforts to combat origin fraud, which has led to nearly 800 cases since 2020 and fines of NTD 29.58 million. The issue has become a key concern in tariff negotiations with the United States, particularly for Taiwanese semiconductor firms facing higher duties
The administration of US President Donald Trump is preparing to urge countries to reduce trade with China as part of negotiations over US tariffs, according to a report from The Japan Times.
India's port sector, especially the container volume, is likely to be impacted significantly by the US tariff and the potential global growth slowdown, according to a report by Jefferies.