Indonesia and U.S. Reach “New Era” Trade Deal
JAKARTA – In an unexpected breakthrough, Indonesia and the United States have struck a trade deal that reduces U.S. tariffs on Indonesian exports from a threatened 32% to 19%, following intense negotiations. The pact was announced by President Donald Trump … Continue reading Indonesia and U.S. Reach “New Era” Trade Deal
U.S. Tightens AI Chip Export Rules Amid Security Concerns
WASHINGTON, DC – The U.S. government is preparing to expand its AI export controls, planning to restrict the shipment of advanced AI chips to Malaysia and Thailand, according to a Bloomberg report and additional sources in Washington and Asia. The … Continue reading U.S. Tightens AI Chip Export Rules Amid Security Concerns
US and Vietnam Reach Landmark Tariff Agreement
HANOI/WASHINGTON – In a significant diplomatic breakthrough, President Trump announced on July 2, that the United States and Vietnam have agreed to a preliminary tariff deal. Under this framework, U.S. tariffs on Vietnamese exports will be temporarily set at 20%, … Continue reading US and Vietnam Reach Landmark Tariff Agreement
ASEAN Foreign Ministers Call for De-escalation
JAKARTA – The foreign ministers of the Association of Southeast Asian Nations (ASEAN) have issued a formal joint statement expressing deep concern over the rapidly escalating tensions in the Middle East since June 13. The statement was released on Thursday, … Continue reading ASEAN Foreign Ministers Call for De-escalation
Thailand Presses for Tariff Relief in U.S. Trade Talks
BANGKOK – Thailand’s Finance Minister, Pichai Chunhavajira, confirmed on Friday that he will lead a high-level delegation to the United States next week for critical trade talks. The negotiations aim to avert the imposition of a 36% U.S. tariff on … Continue reading Thailand Presses for Tariff Relief in U.S. Trade Talks