Trump and Xi Strike Tariff Deal to Ease U.S.-China Tensions
U.S. President Donald Trump announced he reached a deal with President Xi Jinping to lower tariffs in exchange for China cracking down on illegal fentanyl, resuming U.S. soybean purchases, and maintaining rare earth exports. Their first face-to-face meeting since 2019 took place in Busan, South Korea, as part of Trump’s
U.S. Moves to Diversify Supply Chain with Southeast Asia
The United States recently entered into several trade and critical minerals agreements with four Southeast Asian nations: Malaysia, Cambodia, Thailand, and Vietnam. This initiative aims to address trade imbalances and diversify supply chains, particularly in light of China’s tightening export controls on rare earths. U.S. President Donald Trump, attending the
Pfizer CEO Seeks Stronger U.S.-China Biopharma Links
Pfizer CEO Albert Bourla highlighted the significant role of China in the global pharmaceutical industry during a speech at the National Committee on U.S.-China Relations Gala in New York. He emphasised that China’s rapid development in biopharma has transformed the global competitive landscape by achieving remarkable speed, lower costs, and
TSMC Q3 Profit Rise to 28% From Increased AI Spending
Taiwan Semiconductor Manufacturing Co. is expected to report a 28% increase in third-quarter profit to a record, driven by insatiable demand for AI infrastructure. However, the US could impact its outlook. TSMC, the world’s largest producer of advanced artificial intelligence chips and a main supplier to Nvidia and Apple, is
Samsung Q3 Profit Soars as AI Drives Chip Price Surge
Samsung Electronics is anticipated to record its highest third-quarter profit since 2022, driven by increased memory chip prices amid rising server demand as inventories are replenished. Analysts estimate an operating profit of around $7.11 billion for July-September, reflecting a 10% increase year-over-year. This recovery is largely attributed to improved pricing
Putin Urges Central Asian Nations to Grow Trade Ties
President Vladimir Putin on Thursday urged the leaders of five Central Asian states to strengthen their trade relations with Russia, as Moscow tries to regain influence in a region also targeted by China. Russia’s total trade volume with Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, and Tajikistan last year exceeded $45 billion, a
Bangladesh Allows US Wheat Imports to Reduce Trade Friction
Bangladesh has struck a $68 million government deal to buy 220,000 metric tons of U.S. wheat, aiming to ease trade tensions caused by U.S. import tariffs. The Cabinet Committee on Government Purchase approved the deal on Tuesday, with Singapore’s Agrocorp International, authorized by U.S. Wheat Associates, set to supply the
Sanae Takaichi Emerges as Frontrunner for Japan’s PM Role
Japan’s ruling party elected conservative Sanae Takaichi as its leader on Saturday, positioning her to become the nation’s first female prime minister potentially. The Liberal Democratic Party (LDP), which has dominated Japan’s politics since the end of World War II, chose Takaichi, 64, amid public unrest over rising prices and
BYD Builds Export Momentum, Expects 20% Sales Abroad
Chinese EV leader BYD anticipates that exports will account for about 20% of its global sales this year, driven by improved logistics and new model launches. The Shenzhen-based automaker projects to deliver between 800,000 and 1 million vehicles outside mainland China in 2025, out of an expected total of 4.6
India on Edge as Trump Unveils 100% Tariff on Pharma
US President Donald Trump announced new tariffs on pharmaceutical imports, with rates up to 100 percent starting October 1, 2025. India, a major exporter of generic and biosimilar drugs to the US, could be heavily impacted by these measures. Trump stated that branded and patented pharmaceutical products would face tariffs
