AFP Asia Business
Vietnam, Spain pledge to upgrade ties after tariff shock
The leaders of Spain and Vietnam pledged on Wednesday to upgrade ties to the highest level, as the two countries attempt to manage the fallout from enormous tariffs imposed by Washington.During a visit by Spanish Prime Minister Pedro Sanchez to Hanoi, he and counterpart Pham Minh Chinh signed a joint declaration aiming to elevate ties …
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India central bank cuts interest rates as Trump tariffs kick in
India’s central bank cut interest rates in the world’s fifth-largest economy on Wednesday as US President Donald Trump’s tariffs kicked in and policymakers warned of “challenging global economic conditions”.The cut, the second this year, aims to boost a slowing economy grappling with the impact Trump’s sweeping tariffs.The Reserve Bank of India (RBI) said the benchmark …
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Taiwan exporters count the cost of Trump’s ‘ridiculous’ tariffs
Taiwanese exporters are crunching numbers and talking to American clients as they scramble to figure out how to respond to US President Donald Trump’s tariff blitz that threatens to derail their businesses.While the final impact is not yet known, factory owners on the island are clear eyed on one thing: moving operations to the United …
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