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BMW upbeat on riding out US tariff chaos
BMW upbeat on riding out US tariff chaos
by  AFP

German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact. In a statement, BMW said it expects "some of the tariff increases to be temporary, with reductions from July 2025."

Asian stocks rise as China-US trade talks boost optimism
Asian stocks rise as China-US trade talks boost optimism
by  AFP

Asian equities rose Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have heightened recession fears.

Taiwan bicycle makers in limbo as US tariff threat looms
Taiwan bicycle makers in limbo as US tariff threat looms
by  AFP

Weeks after Donald Trump's global tariff bombshell, Jeff Chen's factory in Taiwan is as busy as ever turning out carbon and alloy wheels for high-end bicycles bound for US and European markets. Taiwan bicycle industry expert Michelle Hsieh said the island's success in targeting the high-end market was down to "hidden champions" in the supply chain.

US, Chinese officials to hold trade talks in Switzerland
US, Chinese officials to hold trade talks in Switzerland
by  AFP

Senior US and Chinese officials will travel to Switzerland later this week to kickstart stalled trade talks following President Donald Trump's sweeping tariff rollout, according to statements from both countries. The talks mark the first official public engagement between the world's two largest economies to resolve a trade war escalated by Trump shortly after his return to office in January.