Hyundai sales surge in Europe despite tariff woes in US
SEOUL: Sales of Hyundai Motor Co. have been expanding in the European market in recent months, even as the company struggles in the United States due to tariffs, data showed Sunday, Yonhap News Agency reported. In Austria, Hyundai Motor sold 1,966 passenger cars in September, up 102 per cent from a year earlier, ranking third […]
Mexico seeks relief as US slaps 25% tariff on heavy vehicle imports
MEXICO CITY: Mexican President Claudia Sheinbaum on Monday said she hoped the United States would show “consideration” toward Mexico following the US decision to impose new tariffs on heavy vehicle imports, reported Xinhua. “We are already in talks, hoping there will be consideration toward Mexico,” Sheinbaum said during her daily press conference, adding the tariffs […]
US 50% steel, aluminium tariffs cover 407 new products
ISTANBUL, Turkiye: The United States (US) Commerce Department on Tuesday announced it has expanded the scope of its 50 per cent tariffs on steel and aluminium imports to cover 407 new product categories, Anadolu Ajansi (AA) reported. The additional tariffs, effective Monday, extend the charges first imposed by US President Donald Trump. Items containing steel or […]
US slaps tariffs on one-kilo and 100-ounce gold bars
WASHINGTON: The United States has imposed tariffs on one-kilo and 100-ounce gold bars after the Customs and Border Protection (CBP) ruled in a July 31 letter that they fall under a tariff-eligible customs code, reported Sputnik/RIA Novosti quoting a Financial Times report, citing the letter on Thursday. The newspaper explained that Washington issues ruling letters to […]
US stocks mixed as Trump tariffs hit global trade partners
NEW YORK: US stocks ended mixed on Thursday as markets reacted to a sweeping new round of tariffs imposed by US President Donald Trump on a broad range of US trade partners, reported Xinhua. The Dow Jones Industrial Average declined by 224.48 points, or 0.51 per cent, closing at 43,968.64. The S&P 500 also edged […]
Sarawak eyes gains from US tariff
KUCHING: The announcement of reduction of import tariffs by the United States from 25 per cent to 19 per cent on selected Malaysian goods has been described as a turning point for Malaysia’s export-oriented manufacturing sector. In a press statement today, Kuching South City Council (MBKS) councillor and entrepreneur Eric Tay Tze Kok said the […]
US lowers tariff on Malaysian imports to 19%
KUALA LUMPUR: The United States (US) is imposing a reduced 19 per cent tariff on Malaysian imports, effective August 1, 2025. On July 7, Washington announced it would impose a 25 per cent tariff on all Malaysian products entering the country, separate from sectoral tariffs, effective August 1 this year – one percentage point higher […]
Trump imposes 50% tariff on copper from Aug 1
WASHINGTON, United States (US): US President, Donald J. Trump, said on Wednesday that the 50 per cent tariff on copper, which he announced earlier this week, will start on August 1, reported Xinhua. “I am announcing a 50 per cent TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump wrote […]
Australia alarmed by US threat of 200% tariffs on pharmaceuticals
CANBERRA: The Australian government is very concerned about US threats to impose increased tariffs on pharmaceutical and copper imports, Treasurer Jim Chalmers said on Wednesday, reported Xinhua. Chalmers told Australian Broadcasting Corporation (ABC) radio that the federal government is urgently seeking clarification from the US after President Donald Trump flagged new tariffs of 200 per […]
China opposes any tariff deal made at its expense
BEIJING, China: China firmly opposes any country making trade deals with the United States (US) at the expense of Chinese interests in exchange for so-called ‘tariff relief’, a spokesperson for the Ministry of Commerce said on Saturday, according to Xinhua. “If such a situation arises, China will not accept it and will take resolute countermeasures […]