
Enough apologies: How Japan is shaking its price hike phobia
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RTHK
an hour ago
- RTHK
Trump announces 25pc tariffs on imports from India
Trump announces 25pc tariffs on imports from India Donald Trump says the United States has a "massive" trade deficit with India. File photo: Reuters US President Donald Trump said on Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified "penalty" for New Delhi's purchases of Russian weapons and energy. The measures will kick in on Friday, Trump posted on his Truth Social platform. "Remember, while India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary trade barriers of any country," Trump said. He also posted in an all-caps message that the United States has a "massive" trade deficit with India. He added that India has "always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE." Trump did not specify what the penalty he referred to for Russia trade will be. The measure comes as the US president signalled he intends to tighten US pressure on Moscow to halt fighting in Ukraine and negotiate a peace deal. On Tuesday, Trump said he was giving Russian President Vladimir Putin 10 days, which would mean the end of next week, to change course in Ukraine or face unspecified punishment. India, the world's most populous country, was one of the first few major economies to engage Washington in broader trade talks. But six months later, Trump's sweeping demands and India's reluctance to fully open its agricultural and dairy sectors have so far prevented New Delhi from sealing a deal that would shield it from punitive tariffs. (AFP)


The Standard
3 hours ago
- The Standard
Hongkongers' northbound spending trend "will not change": Hang Lung CEO
From left to right: Hang Lung's CEO Weber Lo, chair Adriel Chan, CFO Kenneth Chiu. HANG LUNG


South China Morning Post
3 hours ago
- South China Morning Post
Thailand delays tourist entry fee amid sharp fall in arrivals
One of the world's most popular holiday destinations has postponed the introduction of a new tourism levy after a surprise drop of nearly 6 per cent in visitor numbers during the first half of this year. Advertisement Laos , Thailand had planned to charge 300 baht (US$9.20) for air arrivals and half that for those getting off boats or coming overland from Myanmar Cambodia or Malaysia after agreeing to measures in 2023 in response to growing disquiet about so-called overtourism. 'We must wait to assess international tourist demand during the coming high season in the fourth quarter this year,' said Chakrapol Tangsutthitham, the assistant tourism minister. Some observers speculated that hype around The White Lotus, a TV drama about affluent guests cavorting at a fictional hotel chain, would drive interest in visiting Thailand, the setting for the latest third series and host to around 35 million tourists last year. Charlotte Le Bon, Aimee Lou Wood and Patrick Schwarzenegger in the White Lotus. Photo: HBO Max And while analysts at the Bank of Thailand believe that international arrivals will increase to more than 3 per cent in 2026, any such revival would likely still lag behind the 5 per cent projected expansion across other countries in the region. Advertisement