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Indonesian shoemakers fear Trump tariffs despite lower levy
At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump’s tariffs hit exports.The United States is Indonesia’s biggest market for footwear exports and the American president announced Tuesday he would impose a 19 percent …
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Indonesia hails ‘new era’ with US after Trump trade pact
Indonesia’s president on Wednesday hailed a “new era” of trade relations with the United States, after Donald Trump said he would slash tariffs faced by Southeast Asia’s biggest economy from 32 percent to 19 percent.The Trump administration has been under pressure to wrap up trade pacts after promising a flurry of deals, as countries sought …
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Nvidia’s Huang says ‘doing our best’ to serve Chinese market
Nvidia CEO Jensen Huang said on Wednesday his firm was “doing our best” to serve China’s vast market for semiconductors after it secured permission from the United States to sell chips to the world’s second-largest economy.Nvidia last week became the first company to hit $4 trillion in market value — a new milestone in Wall Street’s …
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Britain lifts ban on Pakistani airlines
Britain has lifted restrictions on Pakistani airlines, the UK embassy in Islamabad said on Wednesday, ending a five-year ban on the country’s beleaguered national carrier.Flag carrier Pakistan International Airlines was barred from flying to Britain in June 2020, a month after one of its aircraft plunged into a Karachi street, killing nearly 100 people.The disaster …