The 25 percent duty threatened in the letters effectively matches the initial reciprocal tariffs Trump briefly imposed on the two countries in April.
Trump sends tariff letters to Japan, South Korea, extending deadline
The 25 percent duty threatened in the letters effectively matches the initial reciprocal tariffs Trump briefly imposed on the two countries in April.
Trump unveils 25% tariffs on South Korea and Japan, nearly identical to his ‘Liberation Day’ rates
President Trump announced 25% duties on both South Korea and Japan. The new rates — which aren’t scheduled to take effect until Aug. 1 — track closely with the rates the president first announced on ...
Stricter provisioning on losses from share, bond, and subsidiary investments by financial institutions
Provisioning must now be made ranging from 25% to 100% depending on the category of investment, with quarterly reporting to begin from this September quarter ...
Indonesia, US companies including Pertamina, Exxon to sign $34 billion deal
JAKARTA (Reuters) -Companies from Indonesia and the United States are expected to sign a memorandum of understanding worth $34 billion, including state energy Pertamina (PGEO.JK), Exxon Mobil Corp ...
ADB grants $500m to empower women economically in Pakistan
The Asian Development Bank (ADB) has launched a $500 million financing programme with Pakistan to boost women's financial inclusion. This move is part of the global Women Entrepreneurs Finance Code ...
Pakistan achieves another fiscal milestone by paying off Rs500b debt owed by State Bank
Pakistan has achieved another fiscal milestone by paying off 500 billion rupees debt owed by the State Bank. This was shared by Advisor to Finance Minister Khurram Schehzad in a post on social media ...
High-profile trial for deadly hotel fire that killed 78 opens in Turkey
Thirty-two defendants are on trial over a deadly fire at a Turkish ski resort hotel that killed 78 people and injured 133 ...
Pakistan’s Economy Now Out of Difficult Period: SBP Governor
Governor Jameel Ahmad on Monday said that the economy endured challenges in the past few years but now we are out of the ...
Turkey’s Brics membership hopes are dashed for now
One year on, Ankara's wish to become a full member to the club lost its steam as tensions with India on the rise ...