‘CONGRATULATIONS’: Trump said that US-based car manufacturers would ‘make a lot of money,’ as he expects Americans to buy more local-built cars instead
US President Donald Trump declared on Saturday that he “couldn’t care less” if automakers increase US car prices in the wake of his imposition of import tariffs.There have been reports that Trump threatened auto executives with reprisals if prices jump, but he told NBC News that increasing prices wo
Prices of gasoline and diesel products at domestic gas stations are to fall NT$0.2 and NT$0.1 per liter respectively this week, even though international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday.International crude oil prices conti
The US government has notified foreign partners of Venezuela’s state oil company Petroleos de Venezuela SA (PDVSA) of the imminent cancelation of authorizations that allow them to export Venezuelan oil and byproducts, sources close to the decision by US President Donald Trump’s administration said o
The deadly Myanmar earthquake is set to hurt foreign tourist arrivals to Thailand in the coming weeks, the latest blow to an industry already reeling from dwindling Chinese visitors worried about travel safety.International tourist arrivals are expected to drop by 10 to 15 percent or even more in th
Hon Hai Technology Group (鴻海集團), also known as Foxconn Technology Group (富士康科技集團), yesterday announced that global chief campus operation officer Kathy Yang (楊秋瑾) would become the group’s next rotating chief executive officer, replacing Lin Chung-cheng (林忠正). The appointment takes effect today, Hon
People take pictures with the cherry blossoms at the Chidorigafuchi palace moat in Tokyo yesterday.
Bui Van Phong faced a choice when the Vietnam War ended 50 years ago: stay in his small village, helping his parents carry on the family’s centuries-old tradition of making fish sauce, or join the hundreds of thousands of people fleeing his country for a better life.Phong stayed behind and nurtured
When former Syrian president Bashar al-Assad was forced out of power by rebels, Jude Khouja and his Syrian friends in the US felt they had to do something to help rebuild a country dear to them after decades of brutal rule and conflict.They spent the days after Assad’s overthrow in December last yea
Nathalie Mago’s work day begins after she has tucked her three daughters into bed and flicked off the lights in their house north of the Philippine capital, Manila.As her young family sleeps, she fires up her laptop and begins discussing the day’s agenda with her boss — an American half a world away
REINING IN INFLATION: The economic ministry is hoping to revive a NT$100 billion subsidy for Taipower, which has incurred massive losses to support electricity prices
The Ministry of Economic Affairs yesterday unexpectedly kept electricity rates unchanged amid concerns that global tariff hikes and geopolitical tensions have been creating economic uncertainty and price instability.The ministry would instead continue to seek to have a NT$100 billion (US$3.02 billio
VITAL SUPPORT: China’s president praised the attendees at the meeting, saying foreign businesses are important participants in China’s modernization
Chinese President Xi Jinping (習近平) yesterday met with a group of global business leaders in Beijing in an effort to boost investor sentiment as rising tariffs fuel uncertainty about the economy and international trade.Xi sat down with representatives of international industrial and business firms at
India has offered tariff cuts on imports of US farm products, such as almonds and cranberries, as a further concession to Washington, hoping to avert US President Donald Trump’s reciprocal tariffs set for next week, two government sources said.Unlike China, Canada and the EU, India is actively seeki
The Ministry of Economic Affairs on Thursday said it had approved capital increase plans for the Taiwanese subsidiaries of US tech giants Google and Amazon.The Department of Investment Review approved a NT$7 billion (US$211.5 million) investment by Google Engineering UK Holdings in Google Taiwan Ltd
Billionaire Li Ka-shing (李嘉誠), Hong Kong’s most famous tycoon, will not go ahead with the expected signing next week of a controversial deal to sell his Panama Canal ports to a consortium including BlackRock Inc, media reports said.While Li’s flagship CK Hutchison Holdings Ltd will not sign the deal
A visitor looks at a bicycle display at the Taipei Cycle Exhibition at the Taipei Nangang Exhibition Center yesterday.
‘HURRICANE-LIKE HEADWIND’: The initial tariffs, in their current form, could impede production and push the average price of cars up US$5,000 to US$10,000, an analyst said
Shares in some of the world’s largest auto companies tumbled yesterday after US President Donald Trump put a wall of tariffs around the US vehicle sector, adding to worries about the hit to global trade and industry profits.Trump said 25 percent tariffs on imported cars and light trucks would begin
Minister of Finance Chuang Tsui-yun (莊翠雲) yesterday told lawmakers that she “would not speculate,” but a “response plan” has been prepared in case Taiwan is targeted by US President Donald Trump’s reciprocal tariffs, which are to be announced on Wednesday next week.The Trump administration, includin
The 2024 Taichung Shopping Festival had achieved outstanding results, generating a total registered spending amount of NT$35.3 billion. The Taichung Pass (TCPASS) app has surpassed 2.8 million downloads, with over 1.65 million registered members. The festival attracted international participation fr
South Korea’s SK Hynix Inc, the world’s second-largest maker of memory chips, yesterday said that some customers have brought forward orders in preparation for new US tariffs on semiconductors.Speaking at the company’s annual shareholders’ meeting, SK Hynix head of global sales and marketing Lee San
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