Turkey has increased tariffs on selected US imports as a response to what the Turkish government claims is a deliberate US attack on the Turkish economy. Turkish Vice-President Fuat Oktay took to Twitter to announce a 140 per cent rise in the import tax on US alcohol, 120 per cent on cars and 60 per... View Article

The Turkish Lira fell to record lows over the weekend and spill over effects are being felt throughout Asia and Europe after increasing tensions with the US and an unexpected doubling of US tariffs on Turkish metal imports. US president Trump made the announcement on twitter on Friday evening, after negotiations for the extradition of... View Article

Indonesian President Jokowi and his main rival Prabowo have announced their running mates for the 2019 presidential elections after weeks of speculation. Jokowi has chosen a senior Islamic cleric, Ma’ruf Amin, in a move widely seen as an effort to boost his Islamic credentials, according to the Straits Times. Prabowo has chosen the Jakarta Deputy... View Article

China has announced it will start imposing tariffs of 25% on US$16 billion worth of US imports from the August 23 – the date that the US will implement tariffs on the same amount of Chinese goods. Commodities targeted by Beijing in the reciprocal tariffs include coal, oil, steel products, autos, chemicals and some medical... View Article

China has stated its intent to continue trading with Iran despite US sanctions introduced on Tuesday. According to Reuters, China’s foreign ministry said in a statement that Beijing “has consistently opposed unilateral sanctions and long-armed jurisdiction.” It added, “China’s commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United... View Article

With trade tensions between the US and China rattling Southeast Asian markets, and the spectre of economic nationalism still looming in the global economy, ASEAN Foreign Ministers had much to discuss when they convened in Singapore last week for the 51st ASEAN Foreign Ministers’ Meeting. Given the challenges currently facing multilateralism and the established rules-based... View Article

The US will impose new 25% tariffs on up to US$16 billion worth of Chinese goods on 23 August, US Trade Representative Robert Lighthizer announced yesterday. The Office of the US Trade Representative said in a statement that the tariffs are in ‘response to China’s unfair trade practices related to the forced transfer of American technology... View Article

China has announced it will impose tariffs ranging from 5 to 25 per cent on up to US$60 billion worth of US imports, in the latest act in an escalating trade war. According to the South China Morning Post, the Chinese Ministry of Finance said that the tariffs were in response to the US threat... View Article

China has lent Pakistan US$2 billion just days after the election of new Prime Minister Imran Khan, reflecting Beijing’s aim to maintain close ties with the South Asian country. Pakistan is facing an economic crisis, with foreign exchange reserves falling to their lowest levels in over three years, enough to cover just two months of... View Article

President Trump has instructed US Trade Representative Robert Lighthizer to consider increasing proposed tariffs on US$200 billion of Chinese imports from 10 per cent to 25 per cent, the White House has confirmed. According to Reuters, Lighthizer said the potential increase “is intended to provide the administration with additional options to encourage China to change... View Article