Asian equities edged lower as tariff concerns resurfaced after President Donald Trump threatened to raise levies on South Korean goods. The yen held its gains. The Kospi Index, one of the world’s best-performing benchmarks this year, fell 0.9%, while the South Korean won weakened after four days of gains. Japanese shares fell for a second […]
National Foreign Trade Council president Jake Colvin discusses foreign relations under the Trump administration on ‘The Claman Countdown.’ President Donald Trump said Monday that he was increasing tariffs on South Korean imports of autos, lumber and pharmaceuticals to 25%, accusing Seoul of “not living up” to its trade deal. “Our trade deals are very important […]
A market rebound is likely early in the shortened trading week after US Treasury Secretary Scott Bessent on Friday signalled the potential removal of an additional 25% tariff on India. Though the market looks oversold after last week’s sell-off, any possible bounce would depend on a decline in foreign institutional selling. Markets are shut today […]
Gold’s rally to an all-time high cooled after US President Donald Trump said he’d refrain from imposing tariffs on goods from European nations that oppose his effort to take possession of Greenland, adding he reached a “framework of a future deal” regarding the island. Silver fell. Gold prices saw a roughly 75% surge in India […]
Julian Scot-Smith was window shopping at a Porsche dealership with his wife in London’s fancy Mayfair district before Christmas, sizing up the SUVs. Performers drawing attention to a BYD Sealion 7 electric vehicle at the Singapore motor show in Singapore last year. Then the couple peeked into another dealership around the corner. “We were thinking […]
NEW DELHI: Bangladesh is mulling tariffs on Indian cotton yarn imports, with the Bangladesh Trade and Tariff Commission discussing this on January 5, Indian yarn industry executives said on Wednesday, citing Bangladeshi trade reports, against the backdrop of deteriorating bilateral relations. Bangladesh tariffs on Indian yarn could hit domestic prices, mills, and farmers, analysts said. (FILE) Levies […]
For toymakers, Christmas starts early. As the world is grouching through dry January, toy firms are finalising festive designs and signing deals with factories. By the start of summer, containers packed with play-sets and dolls must be crossing the ocean, so that shelves in America can be stocked by autumn. Co-ordinating the global supply chain […]
WHEN THE European Union increased tariffs on Chinese battery electric vehicles (EVs) in 2024, the logic was straightforward: raise prices and imports will fall. A study published by the Kiel Institute, a think-tank, estimated that higher levies would cause Chinese car exports to plunge by 25%. After more than a year, that forecast is wrong. […]
India’s trade deficit widened to a record in October 2025 as imports rose due to higher domestic demand after a cut in consumption tax, while exports fell due to US tariffs on the world’s fourth largest economy. India’s exports fell 11.8% year-on-year to $34.38 billion in October, while imports stood at $76.06 billion, rising 16.6% […]
The global economy stands at a crucial juncture as protectionist impulses, monetary tightening, and changing consumption patterns converge. We are witnessing tectonic shifts in the global power equation and currency hegemony. Recent tariff escalations, particularly between the U.S. and key Asian exporters, have reignited concerns over global trade flows and inflationary pressures. At the same […]