EU Warns of Retaliation as US Steel Tariffs Spark Trade Tensions
EU expresses regret over US steel tariff hike, warns of global economic uncertainty and readiness to impose countermeasures if negotiations fail.
News & Insights Across Asia
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
EU expresses regret over US steel tariff hike, warns of global economic uncertainty and readiness to impose countermeasures if negotiations fail.
OECD warns US tariff surge since 1936 levels threatens global economic stability, impacting consumer and investor confidence worldwide.
China’s railway network handled over 78 million trips during the Dragon Boat Festival, signaling a rebound in travel and economic activity across the region.
U.S. doubles steel and aluminum tariffs, triggering strong reactions from Canada and the EU. Trade tensions escalate as global partners warn of economic disruption.
China and EU officials hold strategic talks on economic cooperation at WTO meeting, agreeing to advance key bilateral trade agendas.
New analysis reveals U.S. tariffs under the Trump administration could trigger a global energy crisis, disrupt oil markets, and hinder renewable energy growth.
China’s Dragon Boat Festival drives record travel and cultural spending, showcasing economic resilience and the fusion of tradition with modern tourism trends.
China records 653.7 million domestic trips during Dragon Boat Festival holiday, a 2.5% increase from 2023, with road travel dominating 91% of journeys.
China’s Caixin Manufacturing PMI fell to 48.3 in May, signaling contraction amid weak demand and supply chain pressures. Analysts weigh in on economic resilience.
The China Chamber of Commerce to the EU criticizes new restrictions blocking Chinese firms from medical device procurement contracts, warning of rising protectionism and trade tensions.
Global automakers warn of potential factory shutdowns due to rare-earth magnet shortages from China, urging urgent action to address supply chain risks.
China’s cultural trade hits $166.36 billion in 2023, driven by tech innovation and global partnerships, boosting economic growth and cultural influence.
China accuses U.S. of violating trade consensus through new tech restrictions and visa policies, escalating bilateral tensions.
Former US President Trump unveils steep tariffs on steel imports, sparking concerns over global trade dynamics as US markets show resilience.
Global shipping leaders at the 2025 Maritime Silk Road Forum emphasize stability to counter trade disruptions from tariffs and geopolitical tensions.
China’s railways are transforming senior tourism and rural economies through innovative travel initiatives, blending cultural enrichment with sustainable growth.
Budget cuts under the Trump administration threaten vital safety training programs for fishermen, loggers, and farmers, raising concerns over workplace risks and emergency preparedness.
Foreign experts analyze US-China tariff reductions and emerging opportunities in China’s tech-driven economy amid global market shifts.
OPEC+ announces third consecutive oil production hike, prioritizing market share amid price fluctuations and shifting global energy dynamics.
German SMEs, known as ‘hidden champions,’ explore deeper collaboration with China at 2025 Beijing forum, signaling growing Europe-Asia economic integration.