Category: Tariffs

Indonesian President Prabowo Subianto has thrown his support behind Chinese President Xi Jinping’s proposals at a BRICS virtual leaders’ meeting last night. The statement is aligning Southeast Asia’s largest economy more closely with Beijing’s call to defend multilateralism and reject ...

Leaders of the 11-member BRICS bloc railed against economic protectionism and "tariff blackmail" during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump. The group of emerging economies met via videoconference at the initiative of ...

China confirmed President Xi Jinping will attend today’s BRICS leaders’ online summit, hosted by Brazil, and deliver a speech. The meeting reportedly will focus on U.S. tariff actions and the future of multilateral trade rules. Russia’s Vladimir Putin will ...

China is redirecting billions of dollars’ worth of exports into Thailand as new U.S. tariffs make access to the American market more difficult, raising concerns about widening trade deficits and the future of Thai industries. Thailand could face the highest ...

Chinese Foreign Minister Wang Yi said China would support Brazil “in defending its right to development and opposing the bullying practices of arbitrary tariffs,” according to China Daily. He made the comments during a phone call with Celso Amorim, chief advisor to the president of Brazil.

South Africa is scrambling to soften the blow of 30% tariffs imposed by the Trump administration. The measure, scheduled to come into effect on August 7, endangers 30,000 jobs. The government said it is preparing a package to shield businesses from the impact, which will be unveiled ...

By Beiyi Seow As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used -- by Chinese companies or others -- to circumvent them.

A Chinese scholar argues that the sacred status of milk in India was a key reason the U.S.–India tariff negotiations fell apart. In India, milk is not just food but a symbol of purity and divinity, deeply tied to Hindu rituals and identity. According to Wang ...

The Trump administration’s tariffs are undoing an economic model that has driven development across Southeast Asia. The last few years have seen the rapid expansion of Chinese companies to neighboring countries, as anti-Chinese trade barriers rose across the Global North. Now, crackdowns on transshipment are forcing ...

Two gatherings in Beijing on Wednesday set the scene for China’s response to ongoing global economic disruptions. A meeting of the CPC’s Politburo pledged to maintain current macroeconomic policy, to “stabilize the fundamentals of foreign trade and investment,” and to support companies impacted by economic shocks. Chinese President ...

As Brazil stares down the barrel of 50% tariffs on its exports to the United States, China signaled a willingness to expand ties. On Monday, Foreign Ministry spokesperson Guo Jiakun was asked by a Brazilian journalist to respond to the Trump administration’s threat of tariffs and its ...

Indonesia will avoid the incoming 19 percent U.S. tariff hike on exports scheduled for August 1, as negotiations over the underlying bilateral trade agreement remain ongoing, said Coordinating Minister for Economic Affairs Airlangga Hartarto on Monday. Speaking on Monday, Airlangga ...