
CP Group tycoon predicts limited impact of US tariffs on ASEAN
TOKYO -- Dhanin Chearavanont, advisory chairman of Thailand's CP Group, says that while ASEAN countries will not be immune to Trump's tariffs, the levies won't have "a big impact."
In a keynote address to Nikkei's annual Future of Asia conference in Tokyo on Friday, Dhanin also said Chinese manufacturers will feel the U.S. tariffs.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Nikkei Asia
2 hours ago
- Nikkei Asia
Kawasaki Heavy, peers join to produce liquefied hydrogen carriers
TOKYO -- Kawasaki Heavy Industries and two other major Japanese shipbuilders will collaborate to mass-produce liquefied hydrogen carriers, leveraging Kawasaki's technology that produced the first such vessel in the world, Nikkei has learned. Imabari Shipbuilding and Japan Marine United, Japan's largest and second-largest shipbuilders, respectively, will handle mass production. Specifics of the partnership are still being discussed, but Kawasaki will likely manufacture the liquefied hydrogen tank -- the core part of the ship -- and supply it to Imabari and JMU.


Nikkei Asia
2 hours ago
- Nikkei Asia
U.S. Steel deal awaits Trump's final approval ahead of June deadline
TOKYO -- As U.S. President Donald Trump hails the partnership between Nippon Steel and U.S. Steel, the Japanese steelmaker is scrambling to clear two key hurdles ahead of the June 18 deadline for the purchase. Trump did not clarify the details of the deal in a speech to U.S. Steel workers at a rally in Pennsylvania on Friday.


Kyodo News
3 hours ago
- Kyodo News
Kyodo News Digest: May 31, 2025
KYODO NEWS - 2 hours ago - 23:07 | All, Japan, World The following is the latest list of selected news summaries by Kyodo News. ---------- Japan, U.S. vow to spur cybersecurity cooperation amid rising threats SINGAPORE - Japanese Defense Minister Gen Nakatani and U.S. Defense Secretary Pete Hegseth agreed Saturday to boost cybersecurity cooperation, following Japan's enactment of a law allowing the government to monitor online communications amid rising cyber threats. After their talks in Singapore, meanwhile, Nakatani did not clarify whether Hegseth had requested Japan pay more for defense during their meeting. U.S. President Donald Trump views the long-standing security treaty with Japan as unfair and one-sided. ---------- Seoul subway fire set by man, 400 passengers evacuate through tunnel SEOUL - A man started a fire inside a moving subway train in Seoul around 8:40 a.m. on Saturday, forcing about 400 passengers to evacuate on foot through the tunnel, according to South Korean media. The incident occurred near the center of the capital. The suspect fled the scene but was apprehended at a nearby station. Police are investigating his motives, as he appears to have started the fire using gasoline he brought with him. ---------- Japan's cheaper stockpiled rice starts hitting store shelves TOKYO - The Japanese government's stockpiled rice released through direct contracts with retailers began hitting store shelves Saturday, with consumers flocking to the cheaper products. Major supermarket operator Ito-Yokado Co. and home appliance company Iris Ohyama Inc. were the first to start selling the rice at some of their shops, both setting a price tag of 2,160 yen ($15) including tax for a 5 kilogram-bag. ---------- Museum featuring Asian works opens on Japanese island of art NAOSHIMA, Japan - A museum dedicated to contemporary Asian works opened Saturday on Naoshima Island in Kagawa Prefecture, known as an island of art and the only Japanese destination to make the BBC's list of the 25 best places to travel in 2025. The Naoshima New Museum of Art, designed by renowned architect Tadao Ando, is located in a hilltop village overlooking the Seto Inland Sea in western Japan. Featuring black plaster walls and stone fences, the building has a calm, subdued appearance. ---------- Trump lauds Nippon Steel as "great partner" for U.S. Steel WEST MIFFLIN, Pennsylvania - President Donald Trump on Friday heaped praise on Nippon Steel Corp. over what he views as a partnership deal with United States Steel Corp., offering backing to the Japanese company's $14 billion investment into the iconic but struggling American producer. During a speech at a U.S. Steel plant in Pennsylvania, Trump called Nippon Steel a "great partner" and said the two steelmakers will form a "tremendous relationship" without offering many details about the deal, which he has never described as being the buyout the Japanese company has desired. ---------- Japan, U.S. agree tariff talks making progress toward deal WASHINGTON - Japan's chief tariff negotiator said Friday that he and U.S. Cabinet members agreed in their talks that they are making progress toward a potential tariff deal as early as June. After a meeting in Washington with U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, Ryosei Akazawa, Japan's minister in charge of economic revitalization, told reporters that they plan to hold another round of negotiations before a Group of Seven summit in mid-June. ---------- Chinese tourists returning to Japan with new travel style TOKYO - Chinese tourists are driving a recent surge in inbound travel to Japan, with arrivals now exceeding pre-pandemic 2019 levels, though their travel habits are shifting noticeably. Previously, Chinese tourism in Japan was defined by large group tours and shopping sprees known as "bakugai." Nowadays, however, more travelers are seeking immersive experiences related to Japanese cuisine, culture and scenery, according to the Japan National Tourism Organization. ---------- Japan consumer watchdog warns of rice scam websites as prices soar TOKYO - Japan's consumer affairs center has called on people grappling with soaring rice prices to beware of websites claiming to sell the staple at heavily discounted prices. The National Consumer Affairs Center of Japan said complaints related to such websites have spiked since March, with some claiming the rice was never delivered though payment had been made. Video: Universal Studios Japan's special performance at Osaka Expo