Asian automaker shares hit as Trump threatens Mexico with tariffs
Shares in Asia’s major automakers and their suppliers sank on Friday after U.S. President Donald Trump threatened to slap tariffs on Mexican imports next month, potentially affecting vehicles made in Mexico and sold north of the border.
Mexico central bank board member says this is ‘game changer’ after U.S. tariff threat
Mexican central bank board member Jonathan Heath said on Twitter Thursday night “this is a game changer,” after U.S. President Donald Trump vowed to impose a tariff on all goods coming from Mexico if the flow of illegal immigrants across the southern b…
Hard for Xi, Trump to make progress on trade: former China central bank chief
China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday…
Burning tires: the murky oil business polluting parts of Asia
When local investigators scoured a riverbed in southern Malaysia for clues in a chemical dumping case that hospitalized over one thousand people earlier this year, they found a cocktail of toxins, including a colorless liquid commonly secreted when tir…
Ex-China central bank chief says progress at Xi-Trump Japan meet ‘difficult’
China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former Chinese central bank chief said on …
Tesla promotes lower priced China-made Model 3 in sales push
U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan ($47,529), 13% cheaper than those it currently imports as it pushes sales in the fast growing market.
‘America First is a fallacy,’ Mexico’s president responds to Trump tariff
“America First is a fallacy,” Mexican President Andres Manuel Lopez Obrador told U.S. President Donald Trump in a letter on Thursday, responding to a White House announcement it was imposing a blanket 5% tariff on all goods from Mexico from June 10.
Shares shaken, bonds surge as Trump stirs recession risk
U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
Ex-China central bank chief says no major trade breakthrough seen at China-U.S. meeting
Former Chinese central bank governor Dai Xianglong said on Friday he expected no major breakthrough over trade at an anticipated meeting between Chinese and U.S. leaders in Japan at the end of June.
Trump vows rapid increase in tariffs on Mexico unless illegal immigration ends
President Donald Trump, incensed by a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting higher until the flow of people ceases.
