Tag - tariffs

 
 

TARIFFS

Japan’s trade balance swung into a deficit in April after two months in the black as growth in its exports slowed.
BUSINESS / Economy
May 21, 2025
Japan’s exports slow as U.S. tariffs bite, risking a recession
Exports measured by value gained 2% in April from a year earlier, slowing from March’s 4% as cars and steel dragged on shipments.
A worker handles photovoltaic cells at Irex Energy JSC's manufacturing facility in Vung Tau, Vietnam, on July 15, 2019. The U.S. International Trade Commission has concluded that solar cells and modules imported from Cambodia, Malaysia, Thailand and Vietnam injure the domestic industry.
BUSINESS / Tech
May 21, 2025
U.S. clears way for tariffs on $13 billion of solar imports
The U.S. International Trade Commission has concluded that solar cells and modules imported from Cambodia, Malaysia, Thailand and Vietnam injure the domestic industry.
Indian Prime Minister Narendra Modi meets with U.S. President Donald Trump at the White House on Feb. 13. Trump’s coercive use of trade threats against India during the Pakistan military crisis has undermined trust in the U.S.-India partnership and exposed Washington as an unreliable security ally.
COMMENTARY / Japan
May 21, 2025
Trump’s wake-up call for India’s foreign policy
Trump may have done India a favor. His actions have exposed an uncomfortable truth: Under his leadership, the U.S. is not a dependable partner in matters of security.
A RAV4 model in 2018. The latest generation of the compact crossover available later this year comes equipped with a standard or plug-in hybrid powertrain, dropping the gas-powered option that makes up the bulk of current sales in the U.S.
BUSINESS / Companies
May 21, 2025
Toyota takes all-hybrid plunge with its bestselling U.S. vehicle
Toyota has long been skeptical of the industry push to go all-in on fully electric vehicles, opting instead for a multipronged approach.
A branch of Danish jewelry maker Pandora in central Copenhagen on Feb. 6, 2024. Pandora CEO Alexander Lacik said the company is debating whether to raise prices globally or more in the U.S.
BUSINESS / Economy
May 21, 2025
Global retailers' tariff strategy risks spreading pain beyond U.S. consumer
Raising prices elsewhere to avoid big hikes in the U.S. risks fueling inflation in those other markets.
Elon Musk boards Air Force One at Joint Base Andrews in Maryland on March 21
BUSINESS / Tech
May 21, 2025
Musk commits to Tesla CEO role and plans political pullback
"If I see a reason to do political spending in the future, I will do it,” Musk said. "I do not currently see a reason.”
Honda CEO Toshihiro Mibe says the company's investment plans for electric vehicles have been scaled back during a news conference in Tokyo Tuesday.
BUSINESS / Companies
May 20, 2025
Honda walks back EV investment and sales targets on poor demand
Honda now sees hybrids accounting for 2.2 million of 3.6 million in global sales by 2030, up from the 2 million it previously saw.
Ryosei Akazawa, Japan’s chief tariff negotiator, at a news conference on Tuesday. He said that when Japan states it wants the tariffs reviewed, it means Tokyo wants them removed.
BUSINESS / Economy
May 20, 2025
Japan confirms hard-line position ahead of possible tariff talks in Washington
Tokyo wants all new levies put into place by the administration of U.S. President Donald Trump completely removed.
Shipping containers in Oakland, California, on May 12
WORLD
May 20, 2025
Even on nontariff issues G7 finance leaders may still face U.S. pushback
A source briefed on U.S. positions in the talks in Canada has said that any consensus needs to align with Trump administration priorities.
Wendy McMahon, CEO of CBS News, speaks during the Axios BFD event in New York on Oct. 12, 2023.
BUSINESS / Companies
May 20, 2025
CBS News boss resigns amid tensions with Trump admin
"The past few months have been challenging," CEO Wendy McMahon wrote in a goodbye letter to staff. "It's become clear that the company and I do not agree on the path forward."
A Huawei Ascend AI chip. The U.S. Commerce Department had said in a statement last week that it was issuing guidance to make clear that the use of the Huawei chips is a breach of the U.S. government’s export controls.
WORLD / Politics
May 20, 2025
China says U.S. warnings on Huawei chips undermine their recent trade talks
The U.S. Commerce Department's warnings specify that the use of Huawei Ascend chips amounts to a breach of the U.S. government’s export controls.
U.S. President Donald Trump (right) listens as Indian Prime Minister Narendra Modi speaks during a news conference in February.
BUSINESS / Economy
May 20, 2025
India sees multi-phase trade deal with U.S. as talks proceed
Officials in New Delhi familiar with the matter expect an interim agreement before July, when U.S. President Donald Trump’s reciprocal tariffs are set to kick in.
Employees work on the production line of American infant product and toy manufacturer Kids II at a factory in Jiujiang, in China's Jiangxi province, in June 2021.
BUSINESS / Economy
May 19, 2025
China consumption miss overshadows factory strength amid tariffs
Despite the resilience of factories, weaker consumption for April points to the need for more supportive policies as economists warn of complacency after a 90-day pause on tariffs.
Kim Moon-soo, the presidential candidate for South Korea's conservative People Power Party, attends an election campaign rally in Seoul on Monday.
ASIA PACIFIC / Politics
May 19, 2025
South Korean conservative presidential candidate open to discussing U.S. troop costs
South Korea's conservative presidential candidate Kim Moon-soo said on Monday he was willing to discuss sharing more of the cost of stationing the U.S. military in the country.
China slapped antidumping duties on imports of engineering plastic, including 35.5% duties on shipments from Japan.
BUSINESS
May 19, 2025
China slaps antidumping duties on plastics from U.S., EU, Japan and Taiwan
POM copolymers can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics and medical equipment.
U.S. Treasury Secretary Scott Bessent testifies before a House Financial Services Committee hearing on Capitol Hill in Washington on May 7.
BUSINESS / Economy
May 19, 2025
U.S. Treasury chief to focus on imbalances at G7 finance meeting
U.S. Treasury Secretary Scott Bessent will seek to refocus the group on addressing trade imbalances and nonmarket economic practices.
U.S. Trade Representative Jamieson Greer (left) U.S. Commerce Secretary Howard Lutnick (second from left), U.S. Treasury Secretary Scott Bessent (second from right) and Ryosei Akazawa, Japan's economic revitalization minster, pose for a photo ahead of a meeting in Washington on May 1.
BUSINESS / Economy / FOCUS
May 19, 2025
China-U.S. trade truce prompts nations to consider tougher tactics
After China’s tough negotiating tactics earned it a favorable deal, nations taking a more diplomatic and expedited approach are questioning whether that’s the right path.
Nissan's Oppama plant in Yokosuka, Kanagawa Prefecture, may be closed as part of the struggling carmaker's streamlining efforts.
BUSINESS / Companies
May 18, 2025
Nissan to solicit early retirements while eyeing plant closures in Japan
The move comes after sources said a day earlier that the carmaker was considering closing two plants in Kanagawa Prefecture.
U.S. President Donald Trump arrives to deliver a speech marking his 100th day in office at Macomb County Community College Sports Expo Center in Warren, Michigan, on April 29.
BUSINESS / Economy / FOCUS
May 18, 2025
Trump’s deals cast China both as foe and prize, blurring signals
Pick through the details of recent U.S. trade negotiations and an outline of Donald Trump’s vision for the global economy starts to come into focus. As do its contradictions.
Chief tariff negotiator Ryosei Akazawa and his delegation in the Oval Office of the White House in April. Since then, Japan's trade negotiations with the U.S. have produced no tangible results.
BUSINESS / Economy / FOCUS
May 16, 2025
Akazawa's dilemma: no tariff deal or a half-baked deal
Japan has realized the U.S. has no intention of seriously talking about duties on automobiles now.

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