News
OCBC warns of greater challenges in H2 as ‘chain reaction’ from US tariffs unfolds
While OCBC posted “stronger than anticipated” results in the first half of 2025, the lender will likely face more challenges in the second…
Tag
Tariffs
News
Trump raises tariffs on slew of U.S. trading partners
President Trump imposed tariffs ranging between 15% and 41% on more than 67 countries Thursday evening, raising tariffs to their highest…
Culture
US tariffs’ direct impact on Singapore ‘contained’, but semiconductors and pharmaceuticals still under threat: analysts
The direct downside impact of US tariffs on Singapore’s economy should be “contained”, but threats from sectoral tariffs against…
News
Britain says EU is removing tariffs on steel under quota
Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and…
Business
Europe: Stocks end at over one-week low; beverage makers hurt by US tariffs
EUROPEAN shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the…
News
Shoe Firms Producing in Mexico Get 90-Day Tariff Extension
As the clock ticks down to the 12:01 Aug. 1 deadline, shoe firms that produce in Mexico get a last-minute reprieve — but only for another…
News
Mexico tariffs paused for 90 days in order to strike trade deal
Mexican President Claudia Sheinbaum said on Thursday that she secured a pause on new tariffs coming into effect and a 90-day period to…
News
Appeals court skeptical of Trump's tariffs
Federal appeals court judges challenged President Trump's claim of expansive emergency powers to slap tariffs on the rest of the globe,…
News
Mexican President Gets Trump to Cave Yet Again on Tariffs Deadline
Lawyers alleged that the department’s new rule violated Section 527 of the 2024 DHS appropriations bill, as incorporated by the fiscal…
News
How Trump is justifying an executive order for 50% tariffs on Brazil
President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that…
Business
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the…
News
The Hidden Costs of Trump’s Tariffs
Imposing tariffs diverts resources to lobbying efforts that could have been used for productive purposes. Source link
Business
BMW profits slump on China woes, US tariffs
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling…
Business
Asia: Most markets down as Fed holds and Trump announces fresh tariffs
Asian markets mostly fell on Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong…
Business
China promises to help companies hit by tariffs after inconclusive trade talks
China’s top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the…
Business
Adidas to raise prices as US tariffs cost €200m
Adidas has warned that US tariffs will cost the German sportswear giant a further €200m (£173m) and confirmed that it will raise prices…
News
Adidas reports hit from US tariffs
German sportswear giant Adidas said on Wednesday (Jul 30) it took a hit from US tariffs in the second quarter but did not indicate whether…
Fashion
Porsche cuts outlook as US tariffs, model revamp eat into profit
Porsche cut its outlook for the third time this year, with US President Donald Trump’s 15 per cent tariffs on European autos piling…
News
Tariffs Hurt Footwear, Apparel Growth, Says Moody’s
Unresolved U.S. tariff policy keeps outlook for the global retail and apparel sector at negative, said credit ratings firm Moody’s…
News
Trump’s Tariffs Give CEOs New Ways to Swindle Americans
America’s business class is openly admitting to using the president’s tariffs as “great cover” for its rising prices. A report published…
News
Foes of Trump's tariffs get their day in court and a shot at unraveling his trade deals
President Trump's unilateral power to impose tariffs on other nations will be hotly debated before a federal appeals court on Thursday, a…
News
IMF upgrades global growth forecast as tariffs ease
The International Monetary Fund (IMF) has predicted stronger global economic growth than it forecast in April in part due to some US…
Business
Tariffs hit Inchcape’s Asia-Pacific sales, shares drop 10%
British car distributor Inchcape reported weaker first-half results on Tuesday (Jul 29) as US tariffs dampened demand for high-end…
News
Cambodia Is a Growing Footwear Production Hub — A Trade Deal Could Be on the Way
U.S. President Donald Trump is pushing for trade deals with Cambodia and Thailand, and he’s using their border conflict to effect peace…