US President Donald Trump urged European Union (EU) officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a US official and an EU diplomat.
India’s automakers have emerged as the biggest winners of the government’s move to cut consumption taxes, as a potential boost to demand lifts their profit outlook.
US tariffs are increasingly pressuring the already challenged petrochemicals sector, with China, the top producer, shifting its exports to Asia, industry executives said at a conference in Singapore on Tuesday.
China's top legislative body on Monday began reviewing the first revision in more than two decades of the country's foreign trade law, as Beijing seeks to give legal backing to countermeasures it can take in a trade conflict.
Oil prices gained on Tuesday after Opec+ decided to increase production by less than what market participants had anticipated, while concerns over tighter supply due to potential new sanctions on Russia continued to lend support.
The Ministry of Investment, Trade & Industry (Miti) has secured RM450 million in potential investments in electrical and electronics (E&E) and machinery sectors from its recent trade and investment mission to the Netherlands.