Tag - tariffs

 
 

TARIFFS

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.
Daiwa Securities CEO Akihiko Ogino says mergers and acquisition deals are harder to come by this year due to uncertainties over U.S. President Donald Trump's trade policy.
BUSINESS / Companies
Jun 3, 2025
Daiwa pauses M&A hiring as tariff uncertainty chokes deal pipeline
The assessment from Japan’s second-largest brokerage indicates how changes in global trade policy are rippling through spending activity.
Trump hopes increased levies on aluminum and steel will protect margins for domestic mills and spur investment in new production capacity.
BUSINESS / Markets
Jun 3, 2025
U.S. aluminum and steel prices surge as Trump doubles tariffs
U.S. buyers could end up paying about 50% more than international competitors to get hold of aluminum.
Cranes at the Port of Los Angeles on May 13. U.S. President Donald Trump's "Liberation Day" tariffs will kick in on July 8 after 90-day pause.
WORLD / Politics
Jun 3, 2025
U.S. pushes countries for best offers as tariff deadline looms
It will evaluate the responses, to be submitted by Wednesday, within days and offer "a possible landing zone."
A mining machine at the Bayan Obo mine containing rare earth minerals in Inner Mongolia, China, in 2011
WORLD / Politics
Jun 3, 2025
China’s rare earths grip gives Xi leverage in U.S. trade duel
For years, Washington was believed to have the advantage over China in the fight for technological dominance thanks to its grip on semiconductor supply chains.
U.S. President Donald Trump shakes hands with Prime Minister Shigeru Ishiba at the White House in Washington in February.
JAPAN / Politics
Jun 2, 2025
Ishiba eyes trade meeting around Trump's birthday before G7 meet, report says
Some government officials have said a deal announced on June 14 — the U.S. president's birthday — might have special symbolic significance for him.
U.S. President Donald Trump smiles before speaking in the Tomb of the Unknown Soldier at Arlington National Cemetery in Arlington, Virginia, on Thursday.
BUSINESS / Economy / FOCUS
Jun 1, 2025
Trump tariffs face threat at top court — over rulings that blocked Biden
The court’s conservative majority ruled that federal agencies can’t decide sweeping political and economic matters without clear congressional authorization.
Ryosei Akazawa, Japan's economic revitalization minster, speaks to members of the media at the Japanese Embassy in Washington on Friday.
BUSINESS / Economy
May 31, 2025
Japan says progress made in U.S. tariff talks, but details are scarce
The two sides are eyeing the Group of Seven leaders’ summit in June as a possible setting to announce a trade deal.
The Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China.
BUSINESS / Companies
May 31, 2025
Carmakers warn China's rare-earth curbs could halt production
Auto executives are sounding the alarm on an impending shortage of rare-earth magnets from China that could force the closure of factories within weeks.
U.S. President Donald Trump at the U.S. Steel Corporation Irvin Works facility in West Mifflin, Pennsylvania, on Friday
BUSINESS / Companies
May 31, 2025
Trump to hike steel tariffs to 50% to aid Nippon-U.S. Steel
The U.S. president said the move would help protect American steelworkers during a visit to a United States Steel plant on Friday.
Ryosei Akazawa, Japan's chief tariff negotiator, is in Washington again for a fourth round of high-level negotiations with the United States.
BUSINESS / Economy
May 30, 2025
Tariff talks with U.S. a mix of slow progress, ever-present uncertainty 
Japan's chief negotiator is back in Washington for another round of high-level negotiations.

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