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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.
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.
Thailand, Bhutan start trade talks
Business, Phusadee Arunmas, Published on 23/05/2024
» Thailand and Bhutan opened free trade agreement (FTA) negotiations, aiming to complete the deal by next year.
Navy sub deal ‘still needs 1-2 months’
Wassana Nanuam, Published on 21/05/2024
» One or two months are needed to tie up any loose ends in the negotiations between a Royal Thai Navy team and its Chinese counterpart on the procurement of an S26T Yuan-class submarine from China, Defence Minister Sutin Klungsang said on Tuesday.
Philippines to buy patrol boats from Japan amid sea tension
Published on 18/05/2024
» MANILA - The Philippines will purchase five patrol vessels from Japan amid growing tensions in the South China Sea.
Firms prepare for next phase of Carbon Border Adjustment Mechanism
Business, Lamonphet Apisitniran, Published on 15/05/2024
» Local businesses, especially small and medium-sized enterprises (SMEs), need help to improve their manufacturing environmental standards as new phases of the European Union's Carbon Border Adjustment Mechanism (CBAM) are slated to cover exports to the bloc, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
Asian shares on course for third week of gains
Business, Published on 11/05/2024
» RECAP: Asian stocks rose on Friday, on course for a third week of gains, while the dollar was steady as fresh signs of an easing US labour market stoked optimism about interest rate cuts before the year is out.
Vietnam arrests official engaged in UN talks on labour reform
Reuters, Published on 09/05/2024
» HANOI - Police in Vietnam have arrested a senior official involved in talks with international organisations on labour reforms, state media said on Thursday, adding that the action was linked to disclosure of classified information.
Chinese to visit for new round of sub negotiations
News, Wassana Nanuam, Published on 09/05/2024
» A Chinese delegation, including military officials, will visit Thailand next Wednesday for a new round of negotiations in a bid to resolve a long overdue submarine purchase deal.
Exports falter, leading to growth cut
Business, Yuthana Praiwan, Published on 09/05/2024
» Thailand's economic outlook for this year appears less optimistic as GDP growth could tally 2.2%, down from the previous projection of 2.8-3.3%, attributed to sluggish exports weighing on the manufacturing sector, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).