Cars
Auto Industry: Germany Faces Industrial Jobs Crisis as 125,000 Cuts Shake Economy
Germany faces industrial crisis with 125,000 layoffs in six weeks, led by auto sector cuts, weak exports, and tariff pressures.
Category: Trade wars
Tariffs
Economist Shreds Trump’s $4 Trillion Tariff Claim: ‘It’s a Tax on Americans’
The CBO's tariff forecast is questioned by economist Wolfers, emphasizing higher consumer costs and shifting tax burdens onto ordinary Americans.
Countries
India to Suspend Postal Deliveries to US Amid Tariff Confusion
India will suspend postal deliveries to the US due to unclear customs rules and new tariff regulations affecting small parcels.
Stocks and Markets
Trump’s Tariffs Test U.S. Economy’s Resilience Amid Rising Inflation Fears
Trump's 2025 tariffs push U.S. inflation to 2.7%, slowing GDP and jobs, yet economy holds resilient amid trade tensions.
Semiconductors
Malaysia Seeks Clarity as Trump’s 100% Chip Tariff Sparks Industry Concern
Malaysia seeks clarification from the U.S. regarding President Trump's 100% tariff on non-investing semiconductor firms, emphasizing the need for policy negotiation and strategic partnerships.
Air Travel
What’s with the MAG’s Boeing Aircraft Deal?
Malaysia Aviation Group plans to acquire 85 Boeing 737 MAX aircraft to modernize its fleet, enhance safety, and support job growth.
Business News
Malaysia Grants US Trade Concessions but Upholds Halal Standards and Excise Duties
Malaysia has made trade concessions to strengthen ties with the US, including reducing import duties and maintaining halal standards for imports.
Business News
Sluggish Job Growth and Rising Prices Signal Economic Strain Under Trump Policies
Under Trump, economic indicators show weakness: job growth slows, inflation rises, GDP growth slows, raising concerns about future disruptions.
Airlines
Malaysia Reaffirms US$19 Billion Boeing Deal to Boost Trade, Aviation Sector
Malaysia will buy 26 Boeing aircraft in two phases, strengthening bilateral trade and enhancing its aviation sectors.
Business News
US Lowers Tariff on Malaysian Imports to 19% After Negotiations
The US reduced tariffs on Malaysian imports to 19% after negotiations, avoiding a planned increase to 25%.
Retail Trade
Australia Will Buy So Much US Beef Says Trump
Australia relaxes US beef import restrictions; Trump hails move as proof of America’s “safest and best” beef, warns other nations.
Malaysia
Malaysia Resists US Tariff Demands to Protect Core Policies and Economic Sovereignty
Malaysia seeks to limit US tariffs to 20%, prioritizing domestic policies and avoiding foreign ownership easing.
Countries
US Reaches Trade Deal with Indonesia. Trump: “they pay tariffs here’
Donald Trump announced a trade deal with Indonesia, reducing tariffs and increasing US exports, establishing a mutually beneficial partnership.
Business News
Trump’s Tariffs Generate Record Revenues as Trading Partners Hold Back Retaliation
Former President Trump's tariffs generated $50 billion in customs revenue with limited retaliation, indicating a strategic international response.
Business News
China’s Exports Surge as Firms Race to Beat Trump’s August Tariff Deadline
China’s exports rose 5.8% in June as firms rushed orders ahead of Trump’s looming August tariff deadline
ASEAN
China, ASEAN Finalise Free Trade Upgrade Amid Regional Tensions and Trump Tariff Shock
China and ASEAN finalized their upgraded free trade agreement for approval in October, enhancing regional cooperation.