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Economy 1 year ago
Top US, Indonesian diplomats discuss tariffs, defense in meeting
Rubio and Indonesian Foreign Minister Sugiono "discussed ways to deepen defense and security cooperation, including efforts to uphold freedom of navigation and overflight in the South China Sea in accordance with international law," the State Department said in a statement.
Economy 1 year ago
PREMIUM
Businesses fret over rising shipping costs amid US-China trade war
If China exports fewer goods to the US, he said, there will be fewer containers in the trade path between the two countries, which would reduce the availability of containers for shipments to other destinations.
Economy 1 year ago
PREMIUM
US tariffs spark layoff concerns, risk expanding informal sector
Before the world felt the blow from US tariffs, there were an estimated 80,000 layoffs in Indonesia last year, according to official data from the Manpower Ministry. The ministry also estimated another 18,610 workers were laid off during the first two months of this year
Asia & Pacific 1 year ago
Xi warns protectionism 'leads nowhere' as starts SE Asia tour
Xi's first overseas trip of the year will see him visit Vietnam, Malaysia and Cambodia as Beijing seeks to tighten regional trade ties and offset the impact of huge tariffs unleashed by his US counterpart Donald Trump.
Asia & Pacific 1 year ago
Xi to visit Southeast Asia as ASEAN seeks to negotiate tariffs with Trump
The rare bilateral visits to Southeast Asian nations mark a high-profile personal diplomatic outreach for Xi. Earlier this week, the Chinese president pledged to deepen "all-round cooperation" with China's neighboring countries.
Regulations 1 year ago
EU countries set to approve first retaliation against US tariffs
The approval will come on the day that Trump's "reciprocal" tariffs on the EU and dozens of countries took effect, including massive 104 percent duties on China, extending his tariff onslaught and spurring more widespread selling across financial markets.
Americas 1 year ago
Musk brands Trump aide 'dumber than a sack of bricks' in tariff spat
The extraordinary public spat came after Navarro described the Tesla boss and so-called Department of Government Efficiency (DOGE) chief as "not a car manufacturer" but "a car assembler" who relies on imported parts.
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