Economy News

Economy

ECB's Stournaras Raises Alarm: Trump's Tariffs Could Severely Impact Eurozone's Economic Growth

ECB's Yannis Stournaras warns that Trump's tariffs could lead to a negative demand shock in the eurozone, potentially reducing growth by up to 1% and pushing inflation below the EC...

Economy

U.S. Imposes Import Restrictions on South Korea's Taepyeong Salt Farm Over Forced Labor Allegations

The U.S. has imposed import restrictions on South Korea's Taepyeong Salt Farm due to forced labor concerns, marking the first such action against a Korean company. The South Korean...

Economy

Vietnam Considers Strategic Tariff Cuts on US Imports Amid Trade Policy Shifts

Vietnam is actively responding to the US's new tariff policy with strategic measures aimed at maintaining balanced and sustainable economic cooperation. Prime Minister Pham Minh Ch...

Economy

Market Meltdown: Gold and Oil Prices Crash Alongside Stocks Amid Trade War Fears

The stock market and safe assets like gold and oil crash amid fears of a trade war-induced recession, as the U.S. and China engage in reciprocal tariffs. Global markets react sharp...

Economy

Thailand Seeks China's Assistance to Boost Durian Exports Amid Rising Production

Thailand proposes extending inspection hours and increasing laboratories to facilitate durian exports to China, amid concerns over delays and quality. Production is expected to ris...

Economy

South Korea Unveils Massive 3 Trillion Won Aid to Shield Auto and Tech Industries from U.S. Tariffs

South Korea announces a 3 trillion won financial aid package to protect its auto and tech industries from U.S. tariffs, with a focus on emergency support for the automobile sector ...

Economy

Trump's Bold 10% Tariff Shakes Global Markets, Redefining International Trade Norms

The U.S. has implemented a groundbreaking 10% tariff, diverging from post-WWII trade norms and causing a $5 trillion market value drop. Countries like Australia and Britain are imm...

Economy

South Korea Announces $2 Billion Rescue Package for Auto Industry Amid US Tariff Crisis

South Korea has announced a $2 billion emergency aid package for its car industry following US tariffs on foreign cars. The funds will be distributed through state-run lenders, wit...