archiveUS tariffs

KUALA LUMPUR, April 4 — The ringgit ended the week on a firmer footing against the US dollar amidst uncertainties over the reciprocal tariff imposed by the United States (US) administration, said an analyst. At 6 pm, the ringgit traded higher at 4.4335/4400 against the greenback from Thursday’s close of 4.4400/4460.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that while the tariff rate was steep at 24 per cent, room for negotiation is widely open.“Hence, hope for Malaysia and other countries to get a better deal...

New Delhi: The United States has revised downwards the import duties to be imposed on India from 27% to 26%, according to a White House document. These duties will come into force from April 9. While announcing the reciprocal tariffs against different countries on Wednesday, US President Donald Trump held up a chart that showed the tariffs that countries such as India, China, the UK, and the European Union will now have to pay. The chart indicated that India charged 52% tariffs, including currency manipulation and trade barriers, and America...

Listen to article Global markets experienced severe turbulence on Thursday after US President Donald Trump announced sweeping tariffs, including a baseline 10% duty on all imports and higher levies on key trading partners. The news led to sharp declines in stock markets, falling currencies, and rising commodity prices, with analysts warning of broader economic impacts. Futures on US indices tumbled, with the S&P 500 dropping more than 3%, while Asian markets also suffered significant losses. The Nikkei 225 in Japan fell by over 3%, while Hong Kong’s Hang Seng and South Korea’s...

(Bloomberg) -- Thailand’s currency has received a boost this year from a rally in gold prices. But strategists warn that won’t be enough to protect it as tariff risks and interest-rate cuts start to bite. The baht is up around 1.2% against the dollar this year, more than double the gain of a broad gauge of Asian currencies. A key reason is Thailand’s role as a gold-trading hub, which has helped lift the currency as the precious metal hit new highs. The baht has a much closer link with gold...

BENGALURU: Emerging Asian stocks were mixed while most currencies declined on Monday as concerns about flip-flopping US tariffs and a slowing US economy weighed on sentiment, with the Philippine peso being the only outlier. Most regional currencies were unable to leverage the softer US dollar, with the Indonesian rupiah depreciating 0.3% while Singapore dollar, Malaysian ringgit and Thai baht trading marginally lower. “The ongoing US trade probe, set to conclude by April 1, may trigger further tariff headlines, adding to FX uncertainty,” Goldman Sachs analysts wrote. Over the weekend, US...