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
Trump-backed First Vietnam Project Displaces Thousands
Farmers in Vietnam are being forced to leave their land for a $1.5 billion golf resort linked to Trump, getting only about $12 per square meter. Officials say the compensation is fair, but many villagers worry about losing their homes and jobs. The Trump Organization is not responsible for paying
Japan’s Q4 GDP Slips: Was It The US Tariffs To Blame?
Japan’s economy expanded at a slower pace than reported in Q4 (October-December). The degradation was mainly caused by weaker consumption. GDP (Gross Domestic Product) expanded by 2.2% in the fourth quarter; however, economists forecasted 2.8% growth. At the same time, government officials and analysts shared their concerns about U.S. President
Asia FX Rally as Trump’s Tariff Relief Pressures Dollar
Asian currencies strengthened while the U.S. dollar hovered at a four-month low following tariff concessions on Canada and Mexico. However, market sentiment remained fragile as President Donald Trump maintained a 20% tariff on Chinese imports, prompting retaliation from Beijing. Investors assessed China’s pledges for additional stimulus measures announced at a
$53 Billion for Gaza: Arab Leaders Chart a New Course
In the latest turn of events, the Arab leaders proposed a $53 billion Egypt plan to counter Donald Trump’s idea of taking over Gaza and moving out 2 million Palestinians at an emergency summit in the Egyptian Capital Cairo. According to BBC, the secretary general of the Arab League, Ahmed
Japan’s Companies Worry About Trump’s Policies’ Impact
According to the Reuters survey, 9 out of 10 companies in Japan feel threatened by US President Donald Trump’s policies. Moreover, 73% of the Reuters survey respondents claimed that Trump’s second term in the white house would harm their business environment. Further, 86% of respondents believe Trump’s policy measures will
Asian Automobile Industry Struggles Under Trump Regime
Shares of Japanese automakers and South Korean battery manufacturers fell on 21-01-2025 following U.S. President Donald Trump’s statement that he could soon impose a 25% tariff on Canada and Mexico, along with his decision to revoke the previous administration’s executive order on electric vehicles. However, Chinese manufacturers saw a different
Bank of Japan Set to Create New Record with Rate Hike
In recent events, Reuters mentioned that the Bank of Japan (BOJ) is expected to increase interest rates to record-high levels in the last 17 years when US President-elect Donal Trump takes office. This move will lift the borrowing cost in Japan to record high levels since the 2008 financial crisis.
The Trump Effect! Softbank will invest $100 Bn in the US!
The newly elected president of the United States, Donald Trump, announced that Softbank will be investing $100 Bn into the future of America. According to Aljazeera, in a joint appearance with the CEO of Softbank Masayoshi Son, Donald Trump announced the investment plan to create 1,00,000 jobs focused on AI
Foxconn’s Worldwide Strategy Deflects Tariff Impact
Amid the growing concerns about Donald’s trump tariff plans, Asian chip manufacturer Foxconn stands tall with a global footprint. According to Reuters, Foxconn mentioned that they will have little impact of the US tariff plans, if any, due their global presence. Moreover, chairman of the contract manufacturer and key Apple
