Asia, Rubio and Trump
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Kazakhstan, whose close ties with Russia and China have made it a significant regional player in Central Asia, has said it is ready to reach a compromise with the Trump administration over tariffs due to take effect next month.
Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off U.S. President Donald Trump's latest tariff salvos.
The U.S. Secretary of State wants to bolster defense ties in the Indo-Pacific, while distrust of Trump’s commitments to the region, particularly on economic issues, runs deep.
The figures apply across all online retailers for Amazon Prime Days. Tariffs and economic uncertainty are on the minds of shoppers as they prepare for Amazon's summer Prime Day sales. But at least one company is forecasting that sales for the online sales event will break records as budget-conscious shoppers look for deals.
Relying on Asian suppliers is no longer a safe bet for many factories in Mexico. Companies are racing to change, and they are being encouraged by the government.
European Commission President Ursula von der Leyen said that there needed to be a “genuine rebalancing” in the China-Europe relationship.
The total value of goods exchanged between the US and China plunged below 2020's pandemic era low in the second month of the new tariff war between two nations.
Donald Trump’s latest act of trade brinkmanship risks creating a “tariff wall” around the manufacturing hubs of south-east Asia, leading to higher prices and tough choices for US consumers and industry, analysts warn.