Latest news with #PAKYIU
Nikkei Asia
6 days ago
- Business
- Nikkei Asia
US pursues record restrictions on Chinese purchases of American land
The U.S. is cracking down on Chinese ownership of farmland, a move critics say will exacerbate Asian discrimination. © Reuters PAK YIU NEW YORK -- The U.S. is intensifying its crackdown on Chinese ownership of American land in the name of national security, an initiative that critics say will exacerbate discrimination against Asians and further stymie Chinese investment.
Nikkei Asia
01-08-2025
- Business
- Nikkei Asia
Trump unveils new sweeping tariff rates up to 41%
U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington on April 2. © Reuters PAK YIU NEW YORK -- The U.S. will begin imposing punishing tariffs of up to 41% on trading partners on Friday, according to the White House. Trump signed an executive order on Thursday raising "reciprocal" tariff rates from the 10% baseline on all countries' exports. Several Asian partners that saw their rates change -- to 40% for Laos, 25% for India, and 20% for Taiwan, Bangladesh and Vietnam. Malaysia, Cambodia and Thailand, as well as Pakistan, are all listed at 19%.
Nikkei Asia
31-07-2025
- Business
- Nikkei Asia
China pauses US-bound company investment amid trade war
The Chinese government is believed to have stopped processing applications for outbound investment to the U.S. since April. © Reuters PAK YIU NEW YORK -- China has stopped approving outbound investments for companies looking to set up or expand operations in the U.S., amid trade negotiations between the world's two largest economies, Nikkei Asia has learned. Local Chinese governments and the state economic planner, the National Development and Reform Commission, have ceased such approvals since April, according to people familiar with the matter.
Nikkei Asia
30-07-2025
- Business
- Nikkei Asia
Trump says South Korea has secured US trade deal with 15% tariff
PAK YIU NEW YORK -- South Korea has struck a trade deal with the U.S. and will be charged a 15% tariff rate on exports to the U.S., President Donald Trump said Wednesday. South Korea will also purchase $100 billion worth of American liquefied natural gas or other energy products, Trump said in a social media post.
Nikkei Asia
28-07-2025
- Automotive
- Nikkei Asia
Korean battery firms grow US market share as restrictions on China tighten
An LG Energy Solution electric-vehicle battery pack at the InterBattery exhibition in Seoul on March 5. South Korean battery manufacturers are expanding their presence in the U.S. market. PAK YIU NEW YORK -- South Korean and Japanese battery companies are set to expand their market share in the United States as regulations increasingly restrict Chinese competitors' foothold. South Korea's LG Energy Solution, Samsung SDI and SK On have been scaling up their local production and strengthening partnerships, while Japanese tech giant Panasonic recently began local production of its lithium-ion batteries. These developments come even as U.S. President Donald Trump's spending legislation pares back tax incentives for wind, solar and electric vehicles.
