Tag - tariffs

 
 

TARIFFS

U.S. President Donald Trump speaks during an event in the Oval Office of the White House in Washington on May 28.
BUSINESS
Jun 7, 2025
Trump says China's Xi agreed to let rare earth minerals flow to U.S.
Trump's comment came one day after a rare call with Xi aimed at resolving trade tensions that have been brewing over the topic for weeks.
U.S. President Donald Trump meets with Chinese leader Xi Jinping at the Group of 20 summit in Osaka in June 2019.
BUSINESS / Economy / FOCUS
Jun 7, 2025
Xi bets Trump detente leads to future wins on chips and tariffs
The Chinese leader hopes for tangible wins in the weeks and months ahead, including tariff reductions, an easing of export controls and a generally more civil tone.
Chinese premier Li Qiang during an ASEAN-China summit in Kuala Lumpur on May 27.
ASIA PACIFIC
Jun 6, 2025
China seeks improved ties with Canada amid rising trade tensions
China is willing to work with Canada to put ties on a healthy and stable path, Premier Li Qiang told Canadian Prime Minister Mark Carney in a phone call.
Ryosei Akazawa, Japan’s chief tariff negotiator, and U.S. Commerce Secretary Howard Lutnick held a 110-minute meeting on Thursday.
BUSINESS / Economy
Jun 6, 2025
In tariff talks with the U.S., Japan may have blinked
Tokyo is backing off from its insistence that all new tariffs be removed, according to a Friday report by the Asahi Shimbun.
Japan's exports in terms of value dropped 3% in the first 20 days of May from the same period a year earlier, indicating the impact of U.S. tariffs.
BUSINESS / Economy
Jun 6, 2025
Japan’s early May exports drop as tariff woes upend commerce
Exports measured by value dropped 3% in the first 20 days of May, which compared with a 2% rise for April.
U.S. Ambassador to Japan George Glass visits the Northrop Grumman booth during the Defence and Security Equipment International Japan trade show at Makuhari Messe in the city of Chiba last month.
JAPAN / Politics
Jun 6, 2025
U.S. envoy plays down Washington-Tokyo trade row
George Glass dismissed concerns that tensions over unilateral U.S. tariffs could lead to a repeat of the trade war between the two countries in the 1980s.
A Tirtir store in Seoul on May 23
BUSINESS / Companies
Jun 5, 2025
South Korean beauty brands bet boom in U.S. demand outlasts tariff pain
The startups are expanding their bricks-and-mortar presence in the world's biggest consumer market, confident their mass appeal will offset tariff costs.
Japan's top tariff negotiator, Ryosei Akazawa, left Tokyo for Washington on Thursday for the fifth round of trade negotiations with the United States.
BUSINESS
Jun 5, 2025
Japan to continue to seek tariff removal in latest negotiations ahead of G7
Prime Minister Shigeru Ishiba and U.S. President Donald Trump are expected to meet on the sidelines of the summit, with anticipation mounting for a trade deal announcement.
U.S. President Donald Trump and Chinese President Xi Jinping
WORLD / Politics
Jun 5, 2025
Trump’s late-night lament over Xi deepens impasse in trade fight
Exactly what the Chinese are asking the White House to relinquish in order to secure a phone call with their leader remains unclear.
The draft also expresses strong concern about China's attempts to unilaterally change the status quo by force in the East China Sea and the South China Sea.
JAPAN / Politics
Jun 5, 2025
Japan to name China as its biggest strategic challenge
It is unusual for the annual economic and fiscal policy guidelines to criticize China for its coercive behavior toward neighboring countries.
Japan and the United States are aiming for a meeting between Prime Minister Shigeru Ishiba and President Donald Trump at the Group of Seven leaders summit on June 16 and 17.
BUSINESS / Economy
Jun 4, 2025
U.S. doubles steel and aluminum tariffs as Japan counts on a breakthrough
The United Kingdom is exempt from the higher rates because it struck an early trade deal with the United States.
South Korean President Lee Jae-myung waves with his his wife, Kim Hye-gyeong, following his inauguration ceremony at the National Assembly in Seoul on Wednesday.
ASIA PACIFIC / Politics / ANALYSIS
Jun 4, 2025
South Korea’s Lee pledges to heal deep wounds as ‘president for everyone’
Lee Jae-myung, in his inauguration speech, said his government would continue his predecessor’s policy of strengthening cooperation with Japan.
U.S. President Donald Trump at the U.S. Steel Corporation Irvin Works facility in West Mifflin, Pennsylvania, on Friday
BUSINESS / Markets
Jun 4, 2025
U.K. avoids doubled U.S. steel and aluminium tariffs as countries eye trade pact
The U.S. announcement, which exempts British steel and aluminum from a doubling of tariffs to 50%, came in a proclamation that will raise metals tariffs for other countries.
Elon Musk looks on during a news conference with U.S. President Donald Trump in the Oval Office of the White House in Washington on Saturday. Musk has dubbed Trump's sweeping tax and spending bill as a "disgusting abomination."
WORLD / Politics
Jun 4, 2025
Trump's 'big, beautiful bill?' Musk calls it a 'disgusting abomination.'
The Tesla and SpaceX CEO says the U.S. president's sweeping tax and spending bill will increase the federal deficit.
Former House of Representatives Speaker Yohei Kono (left) speaks with Chinese Premier Li Qiang in Beijing on Tuesday.
JAPAN / Politics
Jun 4, 2025
Chinese Premier Li Qiang urges Japan to stand with China against Trump's tariffs
A Japanese delegation of around 100 members headed by former House of Representatives Speaker Yohei Kono is visiting China for seven days until Sunday.
Business and household sentiments "have deteriorated recently," Bank of Japan Gov. Kazuo Ueda said Tuesday at an event in Tokyo.
BUSINESS / Economy
Jun 4, 2025
Uncertainties over Trump tariffs extremely strong, BOJ chief says
The Bank of Japan will continue to raise interest rates if the Japanese economy and prices move in line with the central bank's outlook, Gov. Kazuo Ueda added.
TSMC’s plan to build a second factory in Kumamoto Prefecture is key to Japan’s ambitions to regain leadership in semiconductors.
BUSINESS / Companies
Jun 4, 2025
TSMC flags delays in Japan expansion while U.S. plans advance
The sudden influx of workers from TSMC’s first plant is already bogging down rural infrastructure in Japan.
OECD Secretary-General Mathias Cormann delivers a speech at OECD headquarters in Paris on Tuesday.
BUSINESS / Economy
Jun 3, 2025
Trade war cuts global economic growth outlook: OECD
After 3.3% growth last year, the world economy is now expected to expand by a "modest" 2.9% in 2025 and 2026, the OECD said.
Willie Walsh, director general of the International Air Transport Association, speaks at the press briefing in New Delhi on Monday.
BUSINESS / Companies
Jun 3, 2025
Trade barriers and plane delivery delays challenge global airline growth
More people are flying than ever before after a post-pandemic passenger market recovery, but airline growth is being hampered.
U.S. President Donald Trump holds a chart listing tariffs described as reciprocal during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington on April 2.
BUSINESS / Economy
Jun 3, 2025
For volatile Trump, trade pacts with China and Europe prove elusive
So far, there has been few signs of a breakthrough with either of America's two biggest trading partners.

Longform

Rock group The Yellow Monkey played K-Arena Yokohama in June as part of a nationwide tour. Concerts are increasingly popular in the age of social media as users value in-person experiences.
Inside Japan’s arena boom: Sports, sound and city-building