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Trump Plans Uniform Tariff Letter for Over 150 Countries

Thursday, 17 July 2025 14:26 WIB | Global economic

President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, “It’s all going to be the same for everyone, for that group.” He noted these are “not big countries” with limited trade ties to the U.S., unlike China or...

EU Extends Tariff Pause as Trump Threatens 30% Import Levy

Monday, 14 July 2025 14:08 WIB | Global economic

The European Union announced on Sunday that it will extend its suspension of countermeasures to U.S. tariffs until early August, aiming to pursue a negotiated settlement. This comes after President Trump on Saturday warned of a 30% tariff on most imports from the EU and Mexico starting August 1,...

China warns Trump on tariffs, threatens retaliation on supply chain deals

Wednesday, 9 July 2025 00:08 WIB | Economy

China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains. Washington and Beijing agreed to a trade...

Cold War Begins: BRICS Builds Payment System Against Dollar Hegemony!

Tuesday, 8 July 2025 16:54 WIB | Global economic

The 17th annual BRICS meeting in Rio de Janeiro lasted for two days and officially closed yesterday. Attended by representatives from 11 full member countries, this meeting confirmed BRICS' position as a new geopolitical power that dares to challenge the dominance of Western global institutions...

Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil

Monday, 7 July 2025 21:38 WIB | Economy

President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday. With forums such as the G7 and G20 groups of major...

Goldman Sachs pulls forward forecast for next Fed rate cut to September

Wednesday, 2 July 2025 02:50 WIB | Economy

Goldman Sachs says it now expects the Federal Reserve to slash interest rates earlier than initially anticipated, citing relatively mild effects from U.S. President Donald Trump’s aggressive tariff agenda. Writing in a note to clients, the analysts led by Jan Hatzius said they now predict that...

Israeli strikes on Iran may have violated international law, UN mission says

Tuesday, 24 June 2025 06:35 WIB | Economy

A fact-finding mission mandated by the United Nations said on Monday that some of Israel’s strikes on Iran may have broken international humanitarian law, citing the killing of civilians in an apartment block and three aid workers in Tehran. Israel began airstrikes on Iran in a surprise attack on...

Tehran has in the past threatened to close the strait of Hotmuz

Friday, 20 June 2025 05:35 WIB | Economy

Iran has been weighing its options in responding to its biggest security challenge since the 1979 revolution. A member of the Iranian Parliament’s National Security Committee Presidium, Behnam Saeedi, told the semi-official Mehr news agency Iran could consider closing the Strait of Hormuz, through...

Two oil tankers collide and catch fire near Strait of Hormuz

Wednesday, 18 June 2025 05:52 WIB | Economy

Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported. With Iran and Israel firing missiles at each other since Friday, interference...

EU council president urges caution on US trade tariffs

Tuesday, 17 June 2025 05:24 WIB | Economy

European Union Council President Antonio Costa called for a "constructive position" with the United States on trade tariffs to prevent a trade war, speaking on Monday ahead of a G7 meeting in Canada. Costa emphasized that if the EU faced discriminatory measures, it would need to respond, noting...

Israel hits Iran nuclear facilities, missile factories; Tehran vows revenge

Friday, 13 June 2025 19:31 WIB | Global economic

Israel launched widescale strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders and that this was start of a prolonged operation to prevent Tehran from building an atomic weapon. Iranian media and witnesses reported explosions...

Israel strikes Iran: Explosions in Tehran, sirens in Israel

Friday, 13 June 2025 14:26 WIB | Global economic

The Israeli Air Force conducted a strike in Iran on Thursday, according to two sources with knowledge of the operation. It's not yet clear what Israel is targeting, but explosions were reported in Tehran. Why it matters: Israel is directly attacking its biggest and best-armed adversary, without...

Trump’s Tariffs Stay in Place as Appeals Continue

Wednesday, 11 June 2025 14:33 WIB | Global economic

A U.S. federal appeals court has upheld President Trump's sweeping "Liberation Day" tariffs, allowing them to remain in effect while it reviews a lower court’s ruling that blocked them. The lower court had found that Trump exceeded his authority. These tariffs affect most U.S. trading partners,...

China and U.S. Trade Officials Hold Talks in London

Tuesday, 10 June 2025 14:14 WIB | Economy

U.S. President Donald Trump’s top trade officials are meeting their Chinese counterparts in London on Monday for talks aimed at resolving an ongoing trade dispute between the world’s two largest economies. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade...

Key US-China trade talks set for Monday in London

Monday, 9 June 2025 14:20 WIB | Global economic

Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two superpowers that has widened in recent weeks beyond tit-for-tat tariffs to export controls over goods and components critical to global supply chains. At a...

Iran’s Khamenei dismisses US nuclear proposal, vows to keep enriching uranium

Thursday, 5 June 2025 18:50 WIB | Economy

Iran’s Supreme Leader Ayatollah Ali Khamenei said on Wednesday that abandoning uranium enrichment was "100%" against the country’s interests, rejecting a central U.S. demand in talks to resolve a decades-long dispute over Tehran’s nuclear ambitions. The U.S. proposal for a new nuclear deal was...

Trump to double tariffs on Steel and Aluminium – ING

Tuesday, 3 June 2025 02:32 WIB | Global economic

Trump said he would increase tariffs on Steel and Aluminium to 50% from 25%, effective 4 June. He made the announcement as he visited a US Steel Corp. plant on Friday. Later on, Trump said he would raise Aluminium rates in a Truth Social post, ING's commodity experts Ewa Manthey and Warren...

Iran says it could survive if US nuclear talks end without a deal

Tuesday, 27 May 2025 00:52 WIB | Global economic

Iran would be able to survive if negotiations with the U.S. over its nuclear programme fail to secure a deal, President Masoud Pezeshkian said on Monday, after President Donald Trump described weekend talks with Tehran as "very good". The negotiations aim to resolve a decades-long dispute over...

Trump's renewed trade threats take aim at European Union, Apple

Saturday, 24 May 2025 04:48 WIB | Global economic

U.S. President Donald Trump threatened once again on Friday to ramp up his trade war, recommending a 50% tariff on European Union goods starting June 1 and warning Apple (AAPL.O), opens new tab he may impose a 25% tariff on any iPhones manufactured outside the U.S. The twin threats, delivered via...

US House narrowly passes Trump’s sweeping tax-cut bill, sends on to Senate

Friday, 23 May 2025 04:33 WIB | Global economic

The Republican-controlled U.S. House of Representatives on Thursday passed a sweeping tax and spending bill by a single vote which would enact much of President Donald Trump’s policy agenda and saddle the country with trillions of dollars more in debt. The bill would fulfill many of Trump’s...

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