
Vietnam Posts Rare Trade Deficit Amid Import Surge, U.S. Surplus Grows
Mar 06, 2025 11:54 am UTC| Economy
Vietnam recorded a rare monthly trade deficit of $1.55 billion in February as imports surged, according to government data. This follows a $3.02 billion surplus in January, marking only the third deficit since early 2023....

U.S. Pushes India to Cut Auto Tariffs as Trade Deal Talks Progress
Mar 06, 2025 11:54 am UTC| Politics Economy
The United States is pressuring India to eliminate high import tariffs on cars as part of an upcoming trade deal, but India remains hesitant to slash duties to zero immediately. The negotiations, which could open doors for...

U.S. Targets China’s Shipping Dominance with New Tariffs and Shipbuilding Boost
Mar 06, 2025 11:54 am UTC| Politics Economy Governance
The U.S. is set to impose fees on Chinese-made ships entering its ports and introduce tax incentives to revive domestic shipbuilding, aiming to curb Chinas influence over the $150 billion global shipping industry. A draft...

Oil Prices Surge as U.S. Tariff Concessions Boost Market Sentiment
Mar 06, 2025 11:53 am UTC| Economy Business Politics
Oil prices rebounded in Asian trading on Thursday after hitting multi-year lows, driven by U.S. tariff concessions that lifted market sentiment. Brent crude futures for May rose 0.5% to $69.66 per barrel, while West Texas...

Indian Steel Prices Set to Drop as U.S. Tariffs Reshape Global Trade
Mar 06, 2025 11:52 am UTC| Economy
Indian steel mills are bracing for a significant price drop as U.S. import tariffs on steel and aluminum take effect on March 12, reshaping global trade flows. SP Global estimates steel prices in India could decline by...

South Korea’s Inflation Slows in February, Easing Pressure on Policymakers
Mar 06, 2025 11:51 am UTC| Economy
South Koreas consumer inflation eased for the first time in four months, offering some relief to policymakers eyeing further monetary easing. According to Statistics Korea, the consumer price index (CPI) rose 2.0%...

Australia’s Trade Surplus Rises in January, But Misses Expectations
Mar 06, 2025 11:51 am UTC| Economy
Australias trade surplus grew in January but fell short of forecasts, as steady imports countered a surge in exports driven by rising gold demand. According to the Australian Bureau of Statistics, the trade surplus rose to...