AFP
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Where things stand in the US-China trade war
China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods. - Trump's new tariffs slap 10 percent levies on imports from around the world.
Taiwan earmarks $2.7 bn to help industries hit by US tariffs
Taiwan has earmarked $2.7 billion to help industries affected by US President Donald Trump's new tariffs, the government said Friday. Announcing the NT$88 billion ($2.7 billion) assistance package, Premier Cho Jung-tai said the plan was to "address various needs of industries and society in the future."
BP chairman to step down after energy strategy reset
BP on Friday said chairman Helge Lund will step down after a major reset at the British energy giant that saw it recently shelve carbon-reduction targets to focus on fossil fuel output. BP in February launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.
Pacific nations perplexed, worried by Trump tariffs
Pacific island nations hit hardest by US President Donald Trump's trade tariffs are querying the "unfair" impost, and they are fearful of the impact. Papua New Guinea, the most populous Pacific island country, said it had no plans to retaliate against the US decision to impose a 10-percent tariff.
TikTok must find non-Chinese owner by Saturday to avert US ban
TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States. In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.
Trump tariffs to test resiliency of US consumers
In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns. Brusuelas said the United States has been the "big winner" under globalization, but predicted growth "won't be as exceptional."
Japan PM says Trump tariffs a 'national crisis'
US President Donald Trump's tariffs on Japanese goods are a "national crisis", Prime Minister Shigeru Ishiba said Friday ahead of cross-party talks on mitigating the impact. The measures "can be called a national crisis and the government is doing its best with all parties" to lessen the impact, Ishiba said in parliament.
EU leaders push for influence at Central Asia summit
Top EU leaders were in Uzbekistan on Friday for a major summit with the heads of five Central Asian states, seeking to press their influence and boost ties in the face of Russian and Chinese competition.
Asian stocks extend global rout after Trump's shock tariff blitz
Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears. Oil also extended losses, having tanked more than six percent the day before on fears about the impact of a possible recession on demand.
AFP
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