Japan is showing signs of sustainably achieving the central bank’s 2% inflation target with robust consumption and capital expenditure likely to underpin the economy, the International Monetary Fund said on Wednesday.
China’s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.
U.S. President Donald Trump’s 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.
The sweeping new U.S. import tariffs announced by President Donald Trump have pushed the country’s average tariff rate to 22%, up from just 2.5% in 2024, according to Fitch Ratings.
U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as "de minimus" that has allowed low-value packages from China and Hong Kong to enter the United States free of duties.
Local players within the rubber industry are likely to remain profitable albeit with various headwinds that are causing global uncertainties.