Commodities
From chocolate to skincare, and from Rolex watches to Nestle Nespresso coffee, American buyers of Swiss products would have to pay more as 39% tariffs announced by President Donald Trump comes into effect on Thursday (August 7). Facing one of the highest U.S. tariff rates in the world, many politicians, analysts and businesses were stunned […]
... written on Aug 07 2025There’s a joke that you don’t need to outrun the bear, you just need to be faster than your friend. In the case of Malaysia, Thailand and Cambodia, they tried to be faster than each other, only for Donald Trump – the bear – rewards all of them with the same19% tariff rate. And they […]
... written on Aug 05 2025President Donald Trump and European Commission President Ursula von der Leyen, who leads the EU’s executive body, announced a preliminary deal on Sunday (July 27) that saw the U.S. imposed tariffs of 15% on most goods entering the U.S. from Europe. In addition, European companies would buy US$750 billion worth of American energy products over three […]
... written on Jul 29 2025Donald Trump said he was “disappointed” in Vladimir Putin, who has kept attacking Ukraine as if the leaders’ telephone conversations “didn’t mean anything.” Trying to hide that he had been fooled by the Russian president, Trump said – “He’s fooled a lot of people. He fooled Bush. He fooled a lot of people. He fooled Clinton, Bush, Obama, Biden. He didn’t […]
... written on Jul 16 2025Marco Rubio’s first visit to Southeast Asia as Secretary of State has given the U.S.’s Asian allies and trading partners a golden opportunity to express their concerns – or rather complaints – about Trump administration’s tariff threats. With only 36 hours to spare, he skipped visits to Japan and South Korea, heading directly to Malaysia […]
... written on Jul 11 2025With merely days before Washington’s reciprocal tariffs come back in full force, global attention turned to Vietnam on Thursday (July 3) after Donald Trump announced a trade deal with Hanoi. Under the agreement, which the U.S. president proudly called the “Great Deal of Cooperation”, the U.S. will charge 20% tariffs on Vietnamese exports to the […]
... written on Jul 04 2025Households in Singapore have reasons to smile from July to September due to lower energy and fuel costs – a drop in electricity and gas prices. Electricity bills will decrease by 0.65 cent per kilowatt-hour (kWh), while gas prices will fall by 0.44 cent per kWh. This comes after grid operator SP Group announced on […]
... written on Jun 30 2025Michael Einhorn wanted to quit China. He really did. He supports the Trump agenda that champions fewer regulations, a lower tax burden for businesses, and elimination of environmental mandates that inflate energy prices. He founded Dealmed on a shoestring in 2006 – today it’s one of the two biggest privately owned, non-private-equity-held manufacturers and distributors […]
... written on Jun 10 2025Donald Trump used to believe that trade wars were easy to win, despite warnings from his own American economists and analysts that it will result in higher prices, lower growth, lost jobs and disrupted supply chains. Worse, trade war could spark inflation and recession. But Trump believes he has the formula to prevent an economic […]
... written on Jun 05 2025With nearly a trillion dollars worth of trade last year, U.S. companies exported more than twice to the EU what they sent to China. In 2024, the U.S. imported about US$606 billion in goods from the European Union and exported around US$370 billion. In comparison, U.S. goods imports from China totaled US$438.9 billion, while exports to […]
... written on May 26 2025
