As President Donald Trump’s tariff turmoil continues, it becomes increasingly clear that this unpredictability in the US will create economic stress for American businesses and residents. But as with other types of commercial turbulence, the people who will be hit the hardest are those with lower incomes. Trump’s tariff policyContinue Reading
SINGAPORE: As global uncertainties persist, concerns over the economy and job security have emerged as key issues in the upcoming General Election. The International Monetary Fund this week lowered its global growth forecast for this year to 3.3 per cent from 2.8 per cent amid rising trade tensions. Singapore, on its part,Continue Reading
Earlier this month, U.S. President Donald Trump signed an executive order to close the de minimis loophole (under which shipments valued at or below $800 avoid tariffs and taxes) for imports from China and Hong Kong. The change will officially take effect in early May. Not long after, in response toContinue Reading
Kicking them while they are down: the phrase aptly illustrates what U.S. President Donald Trump’s tariff bomb does, or is about to do, to Indonesia’s economy, which has been down for quite some time. In 2024, according to the Ministry of Manpower, as many as 77,965 workers were laid off.Continue Reading
Last week, U.S. President Donald Trump signaled a shift in his approach to tariffs, pausing his “reciprocal” tariffs for a 90-day period to seek a negotiated path to rebalance trade while doubling down on tariffs on China and maintaining a 10 percent universal tariff on all other trading partners. ThisContinue Reading
The ongoing trade conflict between China and the United States is not merely a matter of intergovernmental policy confrontation or macroeconomic adjustment; it has also served as a catalyst for internal transformation within Chinese enterprises. Under the pressure of U.S. tariffs since 2018, Chinese firms have been forced to chooseContinue Reading
On April 8, 2025, the Russian Ministry of Transport announced the start of the practical implementation of the Trans-Afghan Railway. The ministry’s release noted that specialists of both countries will soon begin preparing a feasibility study for the project. Two routes have been agreed upon: Mazar-i-Sharif-Herat-Dilaram-Kandahar-Chaman and Termez-Naibabad-Logar-Kharlachi. Everything isContinue Reading
Reporting on April 9 suggested that the Trump administration in the United States had reversed course on restricting the export to China of H20 chips – Nvidia’s most advanced offering to remain outside U.S. export controls. Reportedly, the White House’s change of heart followed President Donald Trump’s dinner with NvidiaContinue Reading
India still relies on the labor-intensive coal sector and coal-based thermal power plants to meet most of its electricity demand for sustaining its economic growth. In 2023-24, 997.826 million tonnes of raw coal was mined in India. Out of 973 MT dispatched raw coal, 859.336 MT went to the powerContinue Reading
When U.S. President Donald Trump unveiled his tariff plan to the world a few weeks ago, Southeast Asian countries were especially hard hit, with tariffs ranging from 18 percent on the Philippines to nearly 50 percent on Cambodia. Malaysia, Indonesia, Thailand, Vietnam, and Laos were looking at tariffs of betweenContinue Reading
