-
Tuesday, August 05, 2025Trump says US and China nearing a ‘good deal’, links agreement to meeting with Xi
US President Donald Trump, hailing his “good relationship” with his Chinese counterpart Xi Jinping, said on Tuesday that a deal with China was taking shape, a week after officials from both countries concluded talks on tariffs in Sweden. “It’s not imperative, but I think we’re going to make a good deal … I won’t meet with China if we don’t make a deal. We are getting along with China very well … I have a very good relationship with President Xi,” Trump told CNBC. He also said in the interview that
Tuesday, August 05, 2025Indonesian manufacturers see tough times ahead as higher US tariffs kick in
Workers assemble electric motorbikes at the Alva Manufacturing Facility in Cikarang, West Java, in this undated handout photograph. PHOTO: ALVA AUTO/THE JAKARTA POSTJAKARTA – Indonesian manufacturers are increasingly cautious in their outlook as business confidence has fallen to a record low amid concerns over United States import tariffs. Experts warn that waning sentiment risks holding back investment. The latest manufacturing Purchasing Managers’ Index (PMI) report from S&P Global shows that producers’
Tuesday, August 05, 2025Vietnam’s free trade zones hoped to give boost to economic growth
A corner of Da Nang City. PHOTO: VNA/ VIET NAM NEWSHANOI – Many Vietnamese localities are now ambitiously planning to form free trade zones (FTZs), with the aim of creating breakthroughs in economic growth. Khánh Hòa is among the latest provinces to announce plans for establishing an FTZ. At a recent meeting with enterprises and investors, Chairman of the provincial People’s Committee Trần Quốc Nam said that the province was studying the model for the Khánh Hòa Free Trade Zone, with a desire to create a
Tuesday, August 05, 2025US President Trump threatens higher tariffs on India over Russian oil trade
President Donald Trump walks toward members of the media as he departs the White House on August 01, 2025 in Washington, DC. PHOTO: GETTY IMAGES VIA AFPNEW DELHI – United States President Donald Trump on Monday threatened to substantially raise tariffs on India for buying Russian oil, alleging that New Delhi is reselling it on the open market for significant profits. In a social media post on Truth Social, Trump said, “India is not only buying massive amounts of Russian oil, they are then, for much of the
Tuesday, August 05, 2025No clear winner in US tariff policy among ASEAN countries
Discounting Singapore, ASEAN’s largest economies are subject to more or less the same rate, even though each played a different hand in the negotiations with President Trump based on local economic characteristics and priorities. PHOTO: AFPJAKARTA – The competition landscape in Southeast Asia has become clearer as the Aug. 1 tariff deadline set by the United States President Donald Trump passed with most countries in the region facing the same hurdle in exporting goods to the world’s largest consumer
Monday, August 04, 2025Thai govt pushes US tariff deal to parliament, prepares origin rule negotiations
The Thai Cabinet convened a special meeting on August 1 to approve a draft trade statement between Thailand and the US. The agreement will allow Thai imports into the US under a 19% tariff, while Thailand commits to lowering import tariffs for US goods. This move follows the United States’ announcement on July 31 to impose a 19% reciprocal tariff on imports from Thailand, Malaysia, and Cambodia—after previously declaring similar rates for Indonesia (19%) and Vietnam (20%). Finance Minister Pichai
Friday, August 01, 2025The Heart of American Exports: Making Small Businesses Great Again
Small businesses make up 99.9% of all U.S. companies. This overwhelming majority reinforces that nearly every community across America – from rural towns to urban neighborhoods – rely on small businesses to power job creation, advance innovation, and sustain livelihoods. When it comes to trade, their presence is equally powerful. Among U.S. exporters, 97% are small businesses. These companies are the backbone of the U.S. economy, with outsized contributions to our manufacturing base, job growth, and
Thursday, July 31, 2025Ford Reports Record Q2 Revenue but a Net Loss Due to Tariffs, a Recall, and Canceling an EV Program
Ford Motor Co. Q2 revenue of $50.2 billion but took a net loss of $36 million due to several factors. // Photo courtesy of Ford Ford Motor Co. in Dearborn has reported record second-quarter 2025 revenue of $50.2 billion, but took a net loss of $36 million due to tariffs, cancellation of an electric vehicle program, a recall, and other factors. “We recorded our fourth consecutive quarter of year-over-year cost improvement, excluding the impact of tariffs, building on progress we made last year when we
Wednesday, July 30, 2025Study: Metro Detroit Shifts to Innovation Ecosystem From Manufacturing Heritage
Michigan is shifting to an innovation ecosystem from a manufacturing ecosystem as the advanced mobility industry grows, according to a study from Social Network Analysis. // Stock photo A new study that maps relationships and connections across southeast Michigan’s advanced mobility industry shows the region is shifting from a manufacturing ecosystem to an innovation ecosystem that encourages the free flow of ideas and the creation of new partnerships and collaborations. The Social Network Analysis study
Tuesday, July 29, 2025Report: Michigan’s Tourism Industry Generates $54.8B in Economic Impact
Escanaba in the Upper Peninsula is one of many potential starting points for boating adventures in Michigan. // Photo courtesy of Pure Michigan Michigan’s tourism industry contributed a total of $54.8 billion in economic impact to the state’s economy in 2024, according to a new study from Tourism Economics released today by Travel Michigan, part of the Michigan Economic Development Corp. (MEDC) in Lansing. The study found 131.2 million visitors traveled to Michigan in 2024, spending $30.7 billion in
