28 m. ago ‘Truly regrettable’: Trump slaps 25% tariffs on South Korea and Japan. What now?

US President Donald Trump’s surprise announcement of 25 per cent tariffs on imports from key trade partners including South Korea and Japan has been viewed less as a final blow and more as a high-stakes bargaining tactic. The move highlights Trump’s preference for brinkmanship-style deal-making and leaves room for diplomacy, as Seoul races to craft its response ahead of the new August 1 deadline, according to analysts. South Korea’s presidential office convened an emergency meeting of cabinet...

Politics

93 m. ago Malaysia seeks urgent trade talks with US after 25% tariff blow

Malaysia will press ahead with talks towards a “comprehensive” trade agreement with the United States, its trade ministry has said, as Kuala Lumpur races to soften the blow of a newly imposed 25 per cent tariff on its exports unveiled by US President Donald Trump. On Monday, Trump revealed he had sent letters to leaders of 14 countries announcing tariffs ranging from 25 to 40 per cent, in an apparent gambit to accelerate trade negotiations. The new 25 per cent tariff on Malaysian goods is one...

Politics

2 h. ago China warns Trump on tariffs, threatens retaliation on supply chain deals By Reuters

China warns Trump on tariffs, threatens retaliation on supply chain deals By Reuters  Investing.com

Events

2 h. ago China warns Trump on tariffs, threatens retaliation on supply chain deals

China warns Trump on tariffs, threatens retaliation on supply chain deals  Reuters

Events

8 h. ago Apparently impatient Trump slaps 25% tariffs on Japan, South Korea

US President Donald Trump, apparently impatient with the slow progress of negotiations, on Monday slapped 25 per cent unilateral tariffs on Japan and South Korea and equal or higher import taxes on several other nations ahead of a self-imposed Wednesday deadline. Analysts said the move shows that the mercurial American leader is using threats to jump-start negotiations. Trump sent two-page letters to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung saying the new...

Politics

9 h. ago Trump tariffs live updates: Trump sets August tariff rates on Japan, South Korea, and more in 14

Trump tariffs live updates: Trump sets August tariff rates on Japan, South Korea, and more in 14-letter spree  Yahoo Finance

Politics

10 h. ago China Reroutes Exports Through Southeast Asia to Evade Trump Tariffs

China Reroutes Exports Through Southeast Asia to Evade Trump Tariffs  AgWeb

Politics

12 h. ago Trump tariffs live updates: Trump tells Japan, South Korea he's imposing 25% tariffs, beginning letter barrage

Trump tariffs live updates: Trump tells Japan, South Korea he's imposing 25% tariffs, beginning letter barrage  Yahoo Finance

Politics

14 h. ago Brics leaders silent about Trump’s threat of more US tariffs on member nations

The leaders of Brics nations remained silent on Monday in the face of US President Donald Trump’s latest tariff threat against the bloc, offering no public response to what critics called an alarming act of economic intimidation. Trump said on Sunday that he would impose an additional 10 per cent tariffs on imports from Brics members and aligned countries that pursue what he called the group’s “anti-American policies” after Brics issued a leaders’ declaration condemning tariffs, unilateralism...

Politics

14 h. ago Brazil’s Lula rebukes Trump on tariff threat as Brics bloc remains silent

Brazilian President Luiz Inácio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. “I don’t think it’s very responsible and serious for a president of a country the size of the US to threaten the world over the internet – it’s not right,” Lula said during a news conference at the conclusion of the Brics leaders’ summit...

Politics

14 h. ago ‘We don’t want an emperor’: Brazil’s Lula speaks up as Brics silent on tariffs

Brazilian President Luiz Inacio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. “I don’t think it’s very responsible and serious for a president of a country the size of the US to threaten the world over the internet – it’s not right,” Lula said during a news conference at the conclusion of the Brics leaders’ summit...

Politics

17 h. ago Chinese AI scientists, Beijing’s message to Brics: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump vows tariff boost for ‘anti-American’ policies as China urges Brics action US President Donald Trump has threatened to slam an additional 10 per cent tariffs on countries supporting what he calls “anti-American policies” after the leaders of Brics nations condemned unilateral tariffs. 2. Australia’s Albanese to address Darwin Port sale on China...

Politics

21 h. ago Beijing rejects Trump’s tariff warning, says Brics promotes ‘win

Beijing rejects Trump’s tariff warning, says Brics promotes ‘win-win cooperation’  Malay Mail

Events

21 h. ago Trump tariffs live updates: Trump eyes 70% tariffs, warns extra 10% for BRICS 'anti

Trump tariffs live updates: Trump eyes 70% tariffs, warns extra 10% for BRICS 'anti-US' stance  Yahoo Finance

Events

23 h. ago Trump’s Vietnam tariff pact challenges Asean unity in key summit

Southeast Asian nations are scrambling to recalibrate their approach to US tariffs ahead of a key diplomatic gathering that starts in Kuala Lumpur on Tuesday, as Washington’s preference for one-on-one trade deals casts doubt over Asean’s collective bargaining power. US President Donald Trump on Sunday announced a delay to the next round of his sweeping “Liberation Day” tariffs – pushing the deadline from July 9 to August 1 – to give time for finalising deals with 18 major trade partners,...

Politics

23 h. ago 'We do not seek confrontation': China responds to Trump’s threat to Brics; opposes 'tariffs being used as

'We do not seek confrontation': China responds to Trump’s threat to Brics; opposes 'tariffs being used as  Times of India

Politics

24 h. ago Li Qiang urges Brics collective action as Trump tariff deadline looms

Chinese Premier Li Qiang has urged Brics nations to lead reforms of global governance, calling on member states to uphold independence and act collectively amid the threat of higher tariffs from the United States. “As the leading bloc of the Global South, Brics countries should strive to be a pioneering force in advancing the reform of global governance,” Li said in a speech at the Brics summit on Sunday. At an event widely seen as a direct challenge to the Western-led world order, the premier...

Politics

24 h. ago As tariff truce deadline nears, China’s premier has a message for Brics nations

Chinese Premier Li Qiang has urged Brics nations to lead reforms of global governance, calling on member states to uphold independence and act collectively amid the threat of higher tariffs from the United States. “As the leading bloc of the Global South, Brics countries should strive to be a pioneering force in advancing the reform of global governance,” Li said in a speech at the Brics summit on Sunday. At an event widely seen as a direct challenge to the Western-led world order, the premier...

Politics

31 h. ago Hong Kong manufacturers brace for higher costs as end of trade truce looms

A recent surge in Hong Kong’s exports masks a grim reality for frontline manufacturers, with some facing a sharp drop-off in new orders and bracing for renewed pressure on costs as a 90-day tariff truce between Washington and Beijing ends on Tuesday. Bryant Chan Wan-sing, president of toymaker the Wynnewood Corporation, said the sharp increase in orders during the truce was essentially a reinstatement of ones put on hold or cancelled when tariffs were introduced on US President Donald Trump’s...

Economics

38 h. ago Brics leaders condemn strikes on Iran and tariffs, but avoid direct mention of US, Israel

Brics leaders meeting in Rio de Janeiro condemned recent bombing campaigns against Iran in their final summit statement, calling the strikes a “violation of international law” and “deliberate attacks” on civilian infrastructure, but avoided direct mentions of the US and Israel. The joint declaration, coming against the backdrop of US President Donald Trump’s threats to impose tariffs of 100 per cent on imports from Brics countries, underscores an apparent effort to state the members’ position...

Politics