Asia-Pacific markets trade mostly higher on Friday following an upbeat session on Wall Street overnight after U.S. President Donald Trump said he would push for lower interest rates and cheaper oil prices,
Osamu Inoue, president of Sumitomo Electric, which makes parts for Volkswagen, Toyota and Stellantis, among others, said Trump’s threatened 25 per cent tariffs on Mexican goods would do more harm to US suppliers, which account for almost a third of car parts investment in Mexico.
Lawmakers in some of Asia’s key digital-assets markets are warming to the industry as Donald Trump’s pro-crypto agenda in the US ripples through the region.
Southeast Asia faces a critical turning point as Donald Trump’s tariffs threaten to reshape the region’s role in global supply chains.
President Donald Trump has stopped a refugee resettlement program that has brought thousands of people fleeing war and persecution to United States for decades.
Overall, Trump’s second-term foreign policy, defense, and economic appointments suggest that security issues will dominate in Asia, despite his grumbling about trade imbalances. In addition, they suggest that his second administration will be even tougher toward China than his first, or than the Biden administration.
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It appears that the biggest winners under Trump's executive orders are domestic oil and gas exploration and production companies such as Exxon Mobil Corp. ( XOM ), Chevron Corp. ( CVX) and EOG Resources Inc. ( EOG ).
Senior representatives of the world’s second and third largest economies are attending Monday’s presidential inauguration of Donald Trump, reflecting the importance China and Japan place on good relations with the world’s biggest economy.
Naser Zazai, 29, had planned to reunite with his mother and brother in the United States this week after fleeing Afghanistan, where he says he was threatened and attacked because his brother had once worked for the US military.
Investors scaled back bearish bets on most Asian currencies after U.S. President Donald Trump's inaugural policies suggested he would negotiate rather than immediately impose hefty tariffs on trading partners,
Trump hates US trade deficits, loves US tariffs and is mostly indifferent, if not hostile, toward multilateral arrangements including ASEAN.