China has retaliated to new US tariffs announced yesterday with 5 per cent and 10 per cent tariffs on US$60 billion worth of US imports, the Straits Times reports. The tariffs will come into effect on 24 September, the same day as US tariffs on $US200 billion worth of Chinese products, announced yesterday, will be... View Article

India is to implement a suite of measures in a bid to protect the rupee, which hit a record low against the dollar last week. Prime Minister Narendra Modi held emergency meetings over the weekend to discuss the currency’s alarming slide, which is being driven by a growing deficit, rising oil prices and the knock-on... View Article

The US is to proceed with new tariffs on Chinese goods, warning Beijing that any retaliation will be met with further measures, Reuters reports. The new duties of 10 per cent will be levied on US$200 billion worth of imports, with affected goods including consumer items such as suitcases, handbags and cutlery. The move represents... View Article

The Association of Southeast Asian Nations (ASEAN) is in a “good position” to capitalise on the tech revolution currently taking place in the global economy, the Prime Minister of Singapore has said. Speaking at the ASEAN World Economic Forum – which saw tech and innovation emerge as a key theme – PM Lee Hsien Loong... View Article

The US-China trade war has taken another twist with the news that Washington has invited Beijing to a new round of talks – despite the prospect of blanket tariffs on Chinese imports remaining. According to CNN, US Treasury Secretary Steve Mnuchin invited China to resume the dialogue, a move which Beijing has welcomed. China’s foreign... View Article

Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe met on the sidelines of the Eastern Economic Forum in Vladivostok, where they pledged to improve bilateral ties and “safeguard multilateralism, the free trade system and the rules of the World Trade Organization, and promote the building of an open global economy,” Xinhua reports. Promising... View Article

The Indian rupee fell to a record low against the US dollar today, prompting Prime Minister Narendra Modi to moot a potential government intervention. The combination of a five-year high deficit, increased oil prices and emerging-markets sell offs devalued the rupee to just 72 against the dollar, Bloomberg reports, placing pressure on Reserve Bank India (RBI)... View Article

Chinese President Xi Jinping and Russian President Vladimir Putin hit out at the rise of “protectionism” during the Eastern Economic Forum today, in remarks clearly aimed at Washington. Speaking at the forum in the east-Russian city of Vladivostok, President Xi said: “There are deep and complex changes underway in the international situation; the politics of force,... View Article

Pakistan is to “think through” Chinese investments related to the Belt and Road Initiative, including projects along the China-Pakistan Economic Corridor (CPEC), a senior government official has said. According to the Financial Times, the projects under review include the expansion of the Gwadar port, road and rail links, and US$30 billion worth of power plants.... View Article

With the public consultation on President Trump’s proposed tariff increase on Chinese goods closing today, Beijing has fired a new warning to Washington. “If the US takes new trade measures against China … China will take necessary countermeasures,” commerce ministry spokesman Gao Feng told reporters today. “The trade war can’t solve any problems,” he added.... View Article