Chinese Auto Shipments Breeze Through Suez
HONG KONG / CAIRO — Ships loaded with thousands of Chinese-made vehicles are steadily transiting the Suez Canal en route to Europe—while competing automakers in Asia are forced into slower, more costly circuits around the African continent. Analysts suggest this stark … Continue reading Chinese Auto Shipments Breeze Through Suez
Indonesia Turns to China as U.S. Shrimp Tariffs Bite
JAKARTA/GUANGZHOU — Indonesia’s shrimp industry is racing to find new markets after the United States imposed a 19% import tariff on Indonesian shrimp, disrupting a critical export sector that employs over a million workers. The move, part of Washington’s broader trade … Continue reading Indonesia Turns to China as U.S. Shrimp Tariffs Bite
ASEAN countries Face Higher Duties than neighbors
HANOI/JAKARTA/MANILA/KUALA LUMPUR – The recent conclusion of tariff negotiations between the United States and several Asian countries has revealed a stark disparity: while South Korea and Japan secured a reduced 15% import tariff into the U.S., ASEAN countries such as … Continue reading ASEAN countries Face Higher Duties than neighbors
Trump and South Korea Seal Tariff Deal: 15 percent
WASHINGTON/SEOUL — The United States and South Korea have reached a high-stakes trade agreement that defuses a potential tariff escalation and opens the door to significant South Korean investments in the U.S. economy. The deal, announced by former U.S. President … Continue reading Trump and South Korea Seal Tariff Deal: 15 percent
Malaysia: High-Value Goods Tax Scrapped
KUALA LUMPUR — Malaysia has formally abandoned its earlier plan to introduce a high-value goods tax (HVGT), Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim confirmed in a written reply to Parliament. Instead, the government has integrated its core principles … Continue reading Malaysia: High-Value Goods Tax Scrapped