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The high costs of new US tariffs on Chinese EVs
Published on 25/05/2024
» US President Joe Biden’s administration has just announced 100% tariffs on electric vehicles (EVs) manufactured in China, prompting Donald Trump to promise a 200% tariff on Chinese cars made in Mexico if he is elected in November. Neither policy would have notable effects on the US car market because imports of Chinese EVs are minuscule, owing to past tariffs and the anti-Chinese sentiment that has gripped the country in recent years. Nonetheless, the announcement is significant for three reasons.
War is at the heart of the UK's summer election
Published on 25/05/2024
» Rishi Sunak’s election announcement on Wednesday afternoon was such a farce that people could be forgiven for ignoring what he said.
The high costs of new US tariffs on Chinese EVs
Oped, Published on 25/05/2024
» US President Joe Biden’s administration has just announced 100% tariffs on electric vehicles (EVs) manufactured in China, prompting Donald Trump to promise a 200% tariff on Chinese cars made in Mexico if he is elected in November. Neither policy would have notable effects on the US car market because imports of Chinese EVs are minuscule, owing to past tariffs and the anti-Chinese sentiment that has gripped the country in recent years. Nonetheless, the announcement is significant for three reasons.
China ends war games, Taiwan details warplane, warship surge
Reuters, Published on 25/05/2024
» TAIPEI - China ended two days of war games around Taiwan, in which it simulated attacks with bombers and practiced boarding ships, and Taiwan's defence ministry detailed on Saturday the surge of Chinese warplanes and warships involved.
China's EV price war spreads overseas
South China Morning Post, Published on 25/05/2024
» BEIJING - A price war among Chinese electric vehicle (EV) assemblers is spreading to overseas markets as more than a dozen players look abroad to bolster sales and chase higher profits to offset losses at home.
Asian shares decline as US rate-cut hopes dim
Business, Published on 25/05/2024
» RECAP: Asian stocks tracked Wall Street lower in response to more economic data that signalled the US Federal Reserve might keep interest rates on hold for most of this year. Regional currencies also took a hit as dollar strength persisted.
Stimulus measures on the agenda
Business, Wichit Chantanusornsiri, Published on 25/05/2024
» The first meeting of economic ministers slated for Monday will focus on discussions for new measures to stimulate the economy, says Deputy Finance Minister Julapun Amornvivat.
Formula 1 interested in second race in Southeast Asia
Published on 24/05/2024
» MONACO: Formula One is seeing a surge of interest in China and could easily add a second race in Southeast Asia, according to the boss of the sport's owners Liberty Media.
Chinese fraud suspect arrested in Bangkok
Online Reporters, Published on 24/05/2024
» A Chinese man has been arrested in Bangkok for working illegally and overstaying his visa after fleeing to Thailand to escape arrest in his home country for a 10-million-baht fraud.
China stages mock missile strikes on Taiwan, jets with live missiles used in drills
Reuters, Published on 24/05/2024
» BEIJING/TAIPEI - China staged mock missile strikes and dispatched fighter jets carrying live missiles along with bombers on Friday, state broadcaster China Central Television (CCTV) said, as part of exercises Beijing has said were launched to punish Taiwan's new president, Lai Ching-te.