Indonesia is redirecting shrimp exports to China after new U.S. tariffs of 19% froze orders from its top buyer, risking a 30% drop in sales and one million jobs. The $1.7 billion industry faces steep losses as exporters scramble to find alternative markets.
Canadian Prime Minister Mark Carney will likely talk "over the next number of days" with U.S. President Donald Trump, after the U.S. imposed a 35% tariff on goods not covered by the U.S.-Mexico-Canada trade agreement, a Canadian official said on Sunday.
Switzerland is seeking a negotiated solution after the U.S. imposed a 39% tariff on its exports, one of the highest rates under Donald Trump's trade agenda, prompting warnings over job losses and damage to key industries.
President Donald Trump has ordered sweeping new tariff increases on imports from more than 80 countries, citing continued trade imbalances and national security concerns, intensifying Washington’s ongoing trade policy reset on 31 July.
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain incomplete or lacking firm commitments.
U.S. Vice President JD Vance began a four-day trip to India on Monday, aiming to strengthen bilateral ties and discuss trade issues with Prime Minister Narendra Modi.
South Korea aims to delay new U.S. tariffs, prioritizing economic stability amid trade tensions. Finance Minister Choi Sang-mok emphasized the importance of reducing uncertainty for export industries, while ongoing talks with the U.S. seek a mutually beneficial resolution.
Stock markets in Asia saw a boost on Monday, driven by optimism over tariff exemptions granted to electronics. This relief sparked gains in tech stocks, while investors in South Korea and Taiwan turned their focus to trade issues and semiconductor developments.
China's foreign ministry strongly opposes the threat of additional U.S. tariffs and vows to take necessary actions to safeguard its legitimate interests. The ministry criticises the U.S. for using the fentanyl issue as a pretext.
You can download the AnewZ application from Play Store and the App Store.
