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trade tensions
Business / 20 weeks ago
Indonesia, Vietnam among hardest hit by Trump's Asia tariffs
U.S. President Donald Trump has finalised a sweeping new round of tariffs on key Asian trade partners, targeting exports to the United States. Set to take effect August 1, 2025, the tariffs will impact seven countries, with Laos facing the steepest penalty at 40%, according to an infographic released by World Visualized and supported by reports from Reuters and Indonesia Business Post.
Business / 40 weeks ago
The biggest growth drivers of Asia's economy in 2025
According to the International Monetary Fund (IMF), global growth will be 3.3% in 2025, with Asia expected to be a key growth driver. China tops Asia's economic charts, with Japan and India following closely. Together, these three nations command a substantial 66.2% share of the continent’s economy. South Korea and Indonesia round out the top five, while the leading eight economies collectively account for 82% of Asia's total economic output. Conversely, Timor-Leste represents the smallest economy in the region.
