Trade talks between the United States and the European Union progressed Wednesday as new U.S. metals tariffs heightened urgency in global negotiations. President Donald Trump’s decision to double steel and aluminum tariffs took effect the same day his administration sought revised trade proposals from partners ahead of additional levies planned for July. EU trade negotiator…
Apple’s shipments of iPhones from India to the U.S. surged 76% year-on-year in April, reaching around 3 million units, while shipments from China plummeted 76% to 900,000. According to Omdia, this shift reflects Apple’s aggressive adaptation to U.S. tariffs on Chinese goods. Research manager Le Xuan Chiew noted that Apple’s India expansion began during the…
But what is a trade war? At its core, it’s an economic battle where countries impose tariffs or trade barriers against each other, leading to cycles of retaliation. From higher consumer prices to disrupted supply chains, these conflicts reshape industries, strain diplomatic relations, and even alter the course of global markets. On April 9, 2025,…
MANILA: The Asian Development Bank (ADB) projected growth in Asia Pacific to moderate to 4.9% in 2025 and 4.7% in 2026, citing rising trade barriers and a slowdown in China’s property sector. The forecasts, finalized before new U.S. tariffs were announced on April 2, highlight the region’s resilience despite global headwinds. In its Asian Development…