
Why 65% of Travel Brands are Betting on Retention Over Reach
Travel brands are no longer chasing quick wins. In the face of rising costs and shifting traveller mindsets, the focus is moving from splashy campaigns to meaningful engagement.
Loyalty, trust, and partnerships are taking centre stage as brands invest in strategies that drive lasting growth, beyond the booking, beyond the banner ad, and beyond traditional advertising.
This transformation is reflected in a recent report by Impact.com , Beyond the Booking: Where APAC Travel Brands Are Investing for Growth . The Asia-Pacific (APAC) travel sector, once riding high on the momentum of 'revenge travel' in 2023, is now navigating the fatigue of 'tiredness travel.'
Moreover, industry experts anticipate robust demand in 2025, driven by easing geopolitical tensions and renewed consumer confidence. Yet, despite these challenges, the region is expected to drive over half of global passenger growth by 2043.
To stay competitive, travel marketers are shifting focus to smarter, more resilient strategies, balancing acquisition with retention, and brand loyalty with innovation. According to the report, 65% of APAC travel brands are now prioritising retention, and 64% are doubling down on brand building to foster long-term profitability.
Strategic Partnerships and Tech Investments Take Centre Stage
Based on surveys with 100 travel marketers in Southeast Asia and 1,200 travellers across China, Singapore, and Australia, the report reveals a clear disconnect between where marketers spend and where travellers place their trust.
While 28% of marketers believe comparison sites and 24% believe digital ads are top discovery drivers, travellers cite review sites, online travel agents (OTAs), and word-of-mouth as their most trusted sources of inspiration.
Notably, only 15% of marketers are investing in affiliate or loyalty strategies, even though these are among the most trusted channels for consumers.
Digital ads, while still prominent in budgets, are seeing diminishing returns in terms of trust. In Australia and Singapore, trust in digital ads has dropped to 18% and 27% respectively, although China remains more receptive at 56%. Instead, booking decisions are being driven by brand reputation, promotions, and online reviews.
For instance: Singaporeans value promotions (77%) and brand trust (73%),
Australians prioritise reputation (74%), and
Chinese travellers are driven by both reputation (82%) and reviews (77%).
Travel brands are increasingly forming strategic partnerships with OTAs (27%), affiliates (25%), and influencers (16%), leading the way. These partnerships aren't just about visibility; they're performance-driven and tech-enabled, offering measurable returns. For example, Virgin Australia reported a 71% revenue surge, and Skyscanner saw a 77% increase in bookings, proof that the right partnerships can be powerful engines of growth.
However, scaling these programs isn't without challenges.
Around 25% of marketers cite difficulty in measuring ROI, and 21% struggle to scale their partner programs effectively. This has sparked a growing investment in technology platforms that streamline operations, providing fraud protection, unified reporting, and simplified partner payouts.
Trust, Tech, and Travel: The Roadmap to Winning Tomorrow's Traveller
Although many marketers still spend heavily on digital ads and OTA placements, things are starting to change. Consumers now trust affiliate marketing, loyalty programs, and word-of-mouth more, pushing brands to explore a wider mix of marketing strategies. For example, affiliate marketing is trusted by 71% of Chinese consumers, 56% of Singaporeans, and 47% of Australians, making it one of the most credible tools for driving discovery and conversions.
Loyalty programs , personalised offers, and social media collaborations are becoming core to customer retention. For many travel brands, repeat bookings now account for up to 50% of total revenue, a figure that highlights the growing importance of fostering long-term customer relationships.
Looking ahead, successful travel brands will be those that localise their engagement strategies, form high-impact partnerships, and blend performance with trust.
As traditional advertising loses influence, the path forward lies in building authentic connections, powered by technology, fuelled by data, and grounded in what today's travellers truly value.
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The Martechvibe team works with a staff of in-house writers and industry experts.
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Salesforce Experience Cloud is a platform that helps enterprises link clients, partners, and employees to securely exchange information and documents. Built on its Customer 360 platform, Salesforce's DXP ensures seamless integration with any solution in the Salesforce ecosystem.
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Oracle Cloud offers a comprehensive suite of platform-based marketing automation solutions for personalised B2B and B2C automation campaigns. Some of its featured products are Eloqua Marketing Automation, CrowdTwist Loyalty and Engagement, and Unity Customer Data Platform.
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Optimizely is a digital experience platform (DXP) provider that offers Optimizely One, an easy-to-use and fully integrated suite. It provides a single, unified workflow with thoughtfully embedded AI and machine-learning algorithms, accelerating work across the entire marketing lifecycle.
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OpenText offers a cloud-native, scalable platform for enterprises to streamline their marketing functions. It provides fully composable content management, digital asset management, creative workflows, personalisation, targeting and customer data technologies in one place, ensuring a holistic approach to B2B, B2E and B2C experiences.
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Neptune DXP is a PaaS(Platform-as-a-Service) provider, helping marketing teams build custom apps based on modular, reusable application building blocks. The company offers flexible environments to businesses across different verticals, further providing personalised digital solutions at scale.
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Magnolia is a composable DXP that comes with no-code connector packs and low-code micro-frameworks for third-party integrations. It also offers an open-source version alongside its commercial plans enabling enterprises to build tailored use cases.
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Liferay DXP helps marketers deliver personalised and connected digital experiences across a broad range of channels, including customer portals, websites, intranets, mobile apps, and connected devices. It offers intuitive CMS, user analytics, and site management tools that businesses need to launch, test and optimise digital experiences for faster go-to-market.
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Powered by IBM Consulting, IBM iX offers a composable DXP, providing a comprehensive solution to make enterprises' systems future-ready. Utilising its data-driven insights and intelligent workflows, marketers can design and deliver human-centred experiences across the customer lifecycle.
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HCL Digital Experience (DX), forms part of a wider HCL Customer Experience (CX) product portfolio, offering core capabilities such as content management, DAM, CDP called Signals, and low-code application development. It provides services in government, life sciences, insurance, financial services, and other verticals.
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Contentstack is a headless CMS and Composable Digital Experience Platform (DXP) solution provider that helps marketers gain a competitive edge. It recently launched into Google Cloud Marketplace, and is also available on Microsoft Azure and AWS. It seamlessly enables mid-market brands to adopt its omnichannel campaign engine to drive higher conversions and sales.
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Bloomreach Commerce Experience Cloud provides businesses an edge with its modular capabilities: Content Management System (CMS), Discovery features for search and merchandising optimisation, and Engagement tools such as Customer Data Platforms (CDP) for personalisation and analytics.
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Adobe Experience Cloud offers a comprehensive set of services specifically designed to address the day-to-day requirements for personalised customer experience at scale. Its platform helps manage different digital content and assets to improve customer satisfaction. Some of its products include Adobe Gen Studio, Experience Manager Sites, Real-time CDP, and Marketo Engage.
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Acquia offers DXP solutions, comprising of two main elements: Acquia Drupal Cloud and Acquia Marketing Cloud. It can be accessed in both platform-as-a-service (PaaS) and software-as-a-service (SaaS) with additional components such as Site Factory for multisite management, digital asset management (DAM), CDP, personalisation, and Campaign Studio.
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Zawya
4 hours ago
- Zawya
Merck Foundation Chief Executive Officer (CEO) and First Ladies of Africa and Asia share their partnership journey in Transforming Patient Care Landscape, Supporting Girl Education and Breaking Infertility Stigma
Merck Foundation ( the philanthropic arm of Merck KGaA Germany, conducted the 7 th Edition of Merck Foundation First Ladies Initiative - MFFLI Summit 2025 on 19 th and 20 th June. The summit was inaugurated by Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of Merck Foundation Board of Trustees, and Senator, Dr. Rasha Kelej, CEO of Merck Foundation and President of Merck Foundation First Ladies Initiative along with The First Ladies of 14 African and Asian countries, who joined as the Guests of Honor and Keynote Speakers. H.E. Amai Dr. AUXILLIA MNANGAGWA, The First Lady of the Republic of Zimbabwe H.E. Madam MARIE KHONE FAYE, The First Lady of the Republic of Senegal H.E. Mrs. MARIA DE FATIMA VILA NOVA, The First Lady of the Democratic Republic of São Tomé and Príncipe H.E. Senator OLUREMI TINUBU, CON, The First Lady of the Federal Republic of Nigeria H.E. Dr. GUETA SELEMANE CHAPO, The First Lady of the Republic of Mozambique H.E. Mrs. SAJIDHA MOHAMED, The First Lady of the Republic of Maldives H.E. Mrs. KARTUMU YARTA BOAKAI, The First Lady of the Republic of Liberia H.E. Mrs. RACHEL RUTO E.G.H., The First Lady of the Republic of Kenya H.E. Mrs. LORDINA DRAMANI MAHAMA, The First Lady of the Republic of Ghana H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of the Republic of The Gambia H.E. Madam ZITA OLIGUI NGUEMA, The First Lady of the Gabonese Republic H.E. Madam BRIGITTE TOUADERA, The First Lady of the Central African Republic H.E. Dr. DÉBORA KATISA CARVALHO, The First Lady of the Republic of Cabo Verde H.E. Dr. ANA DIAS LOURENÇO, The First Lady of the Republic of Angola Merck Foundation CEO, Senator, Dr. Rasha Kelej emphasized, 'I am very proud to conduct Merck Foundation Africa First Ladies Initiatives –MFFLI, together with our Guests of Honor and Keynote Speakers, the First Ladies of 14 African and Asian Countries, who are also the Ambassadors of 'Merck Foundation More Than a Mother'. I extend a special welcome to the new members joining our platform. Together we reflected on the impact of our programs and discussed our strategy to continue and explant our efforts to build healthcare capacity and raise awareness on a wide range of sensitive and critical social issues like Breaking Infertility Stigma, Supporting Girl Education, Ending Child Marriage&FGM, Stopping GBV, Women Empowerment, and important health issues like Diabetes and Hypertension Awareness.' Watch the speech of Senator Dr. Rasha Kelej during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of Merck Foundation Board of Trustees emphasized 'I was pleased to hear from the First Ladies of Africa and Asia about the remarkable progress they have achieved in their countries through Merck Foundation programs. Their achievements play a vital role in our journey of success.' Watch the speech of Prof. Dr. Frank Stangenberg-Haverkamp during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: Merck Foundation has provided till today, more than 2270 scholarships to young doctors from 52 countries in 44 critical and underserved specialties. During the Inauguration Session of the Luminary, the First Ladies delivered their keynote speeches to share the impact of their partnership journey with Merck Foundation. H.E. Amai Dr. AUXILLIA MNANGAGWA, The First Lady of the Republic of Zimbabwe&Ambassador of Merck Foundation More Than A Mother expressed, 'Since our partnership began in 2019, we've achieved remarkable milestones. Over 130 scholarships have been provided for our young Zimbabwean doctors in critical and underserved specialties such as Fertility, Oncology, Diabetes, Cardiology, Neonatal Care, Psychiatry, and more. Moreover, through the 'Educating Linda' program, we've also supported 40 girls by covering their tuition fees to help them complete their education. We have never before witnessed a program of such transformative impact in Zimbabwe, we are making history.' Watch the video of The First Lady of Zimbabwe during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Madam MARIE KHONE FAYE, The First Lady of the Republic of Senegal & Ambassador of Merck Foundation More Than A Mother shared, 'It is an honor to join the 7th Edition of the Merck Foundation First Ladies Initiative Summit. As a first-time participant, I'm happy to be among my dear sisters—First Ladies of Africa and Asia—and truly inspired by their achievements through Merck Foundation. I'm proud to share that Senegal has received 25 scholarships for young doctors in Oncology, Diabetes, Fertility, and Embryology. We look forward to strengthening this partnership, and eager to scale up further for the benefit of our people.' Watch the speech of The First Lady of Senegal during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Mrs. MARIA DE FATIMA VILA NOVA, The First Lady of the Democratic Republic of São Tomé and Príncipe&Ambassador of Merck Foundation More Than A Mother shared, 'As the Ambassador of the Merck Foundation More Than a Mother campaign, I'm truly grateful for the impactful programs of Merck Foundation. For the first time, we are implementing such transformative initiatives in our country, and their positive impact is already visible. Under the Educating Linda program, we've supported the education of 40 high performing but underprivileged girls by covering their tuition fees, giving them the opportunity to complete their education and pursue their dreams.' Watch the speech of The First Lady of São Tomé and Príncipe during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Senator OLUREMI TINUBU, CON, The First Lady of the Federal Republic of Nigeria & Ambassador of Merck Foundation More Than A Mother shared, 'As a first-time participant in this remarkable platform, I'm honored to join such a distinguished group of leaders and proud to serve as the Ambassador of the Merck Foundation More Than a Mother campaign. Merck Foundation has significantly improved patient care in Nigeria by providing 64 scholarships for our young Nigerian doctors in critical specialties like Fertility, Oncology, and Diabetes. We are also supporting the education of 20 high-performing but underprivileged girls through the Educating Linda program. I look forward to strengthening our long-term partnership to build healthcare and media capacity, break infertility stigma, and support girl education in Nigeria.' Watch the video of The First Lady of Nigeria during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Dr. GUETA SELEMANE CHAPO, The First Lady of the Republic of Mozambique & Ambassador of Merck Foundation More Than A Mother shared, 'I recently assumed the role of First Lady of Mozambique, and I am truly impressed by the unique and useful programs of the Merck Foundation. It is inspiring to hear firsthand from my fellow First Ladies about the remarkable achievements they have realized in their respective countries through their partnership with Merck Foundation. I am proud to share that 18 scholarships have been provided for young doctors in Mozambique in Diabetes, Acute Medicine, Infectious diseases, and Pain Management. I am excited to be the Ambassador of "Merck Foundation More Than a Mother" and drive meaningful and lasting change across our country and beloved continent.' Watch the video of The First Lady of Mozambique during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Mrs. SAJIDHA MOHAMED, The First Lady of the Republic of Maldives & Ambassador of Merck Foundation More Than A Mother shared, 'This is my second time joining this meaningful platform to share the progress of our partnership with Merck Foundation. I'm pleased to note that the Chairman and CEO recently visited the Maldives, and we have started providing scholarships to local doctors in Fertility and Embryology—two vital specialties for our country. We aim to expand into more fields, strengthening our healthcare system. I truly value Merck Foundation's impactful programs and their sincere, results-driven approach. We are proud of this partnership and look forward to deepening it for the benefit of our people.' Watch the video of The First Lady of Maldives during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Mrs. KARTUMU YARTA BOAKAI, The First Lady of the Republic of Liberia &Ambassador of Merck Foundation More Than A Mother said, 'It was an enriching experience, learning from my dear sisters as they shared success stories and impactful programs in their countries. To date, 51 scholarships have been provided for our doctors in Fertility, Embryology, Oncology, and Diabetes. I'm especially proud that our current Minister of Health is a Merck Foundation alumnus—a powerful example of the program's lasting impact. It equips doctors with vital skills and empowers them to become healthcare leaders. Additionally, we are providing scholarship to support the education of 20 deserving girls through the Educating Linda program. We are proud to keep making history in our country.' Watch the video of The First Lady of Liberia during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Mrs. RACHEL RUTO E.G.H., The First Lady of the Republic of Kenya & Ambassador of Merck Foundation More Than A Mother shared, 'I am proud of our partnership with Merck Foundation, through which we have provided 244 scholarships for our Kenyan doctors—half of them awarded to women, marking a strong step toward healthcare equity and women empowerment. I also value the 'Educating Linda' program, through which 47 underprivileged but high-performing Kenyan girls are receiving full support to complete their education. Together, we are shaping a healthier and more equitable future for Kenya.' Watch the video of The First Lady of Kenya during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Mrs. LORDINA DRAMANI MAHAMA, The First Lady of the Republic of Ghana & Ambassador of Merck Foundation More Than A Mother emphasized, 'This is my first time attending this conference, and I am thrilled to hear the inspiring stories and achievements of my dear sisters. Dr. Rasha Kelej shared with me in detail about their very impressive programs. I am happy to learn that 210 scholarships have been provided for our young Ghanaian doctors in critical specialties. I am also proud to know that education of 20 of our deserving but underprivileged schoolgirls is being supported through the Educating Linda program. I am committed to supporting more talented girls and look forward to working closely with Merck Foundation to drive lasting change across our continent.' Watch the video of The First Lady of Ghana during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of Republic of The Gambia & Ambassador of Merck Foundation More Than A Mother emphasized, 'I am very proud of our partnership that began in 2017, we have achieved significant milestones together since then. We have provided 88 scholarships for young Gambian doctors in many critical specialties. This is a very high number for our country and has significantly contributed to transform our patientcare landscape. Together, we have also supported the education of 40 schoolgirls as a part of Educating Linda program, giving them an opportunity to shape a brighter and more secure future for themselves, their families, and their communities.' Watch the video of The First Lady of The Gambia during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Madam ZITA OLIGUI NGUEMA, The First Lady of the Gabonese Republic & Ambassador of Merck Foundation More Than A Mother shared, 'I am honored to be part of this esteemed platform. Though our partnership with Merck Foundation began only last year, it is already making an impact. Three doctors from Gabon have received scholarships in Oncology and Diabetes Care, and I look forward to scaling it up together with our Ministry of Health. I am also proud of the Educating Linda Program, through which we are supporting the education of 20 schoolgirls who are high0perfoming yet under-privileged, and we are committed to benefit more. I am confident that our long-term partnership will lead to even greater impact and outcomes.' Watch the video of The First Lady of Gabonese during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Madam BRIGITTE TOUADERA, The First Lady of Central Africa&Ambassador of Merck Foundation More Than A Mother emphasized 'I am proud to be one of the earliest members of this impactful platform. Since 2015, our partnership with Merck Foundation has supported healthcare capacity building through scholarships for our doctors in Oncology and Diabetes. Together, we launched the 'Empowering Berna' program to help infertile and childless women start small businesses and become financially independent. Under the 'Educating Linda' program, we are providing scholarships to 40 underprivileged schoolgirls from our country.' Watch the video of The First Lady of Republic of Central African Republic during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Dr. DÉBORA KATISA CARVALHO, The First Lady of the Republic of Cabo Verde&Ambassador of Merck Foundation More Than A Mother said, 'I'm proud to share that we've enrolled our local doctors for specialized training in Oncology and Fertility, a milestone in strengthening our healthcare system. Through the Educating Linda Program, we've also provided scholarships to 42 schoolgirls, helping them complete their education and help them reach their full potential. I look forward to our continued impact — transforming lives and building a healthier, brighter future.' Watch the Speech of The First Lady of Cabo Verde during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: H.E. Dr. ANA DIAS LOURENÇO, The First Lady of the Republic of Angola & Ambassador of Merck Foundation More Than A Mother shared, 'I am truly impressed by the significant impact of Merck Foundation's programs. Together we are committed to building lasting impact in Angola by supporting girls' education, ending gender-based violence and child marriage, and strengthening healthcare and media capacity for a better future.' Watch the video of The First Lady of Angola during the inaugural program of the Merck Foundation first Ladies Initiative – MFFLI Summit 2025 here: The 7 th Edition of Merck Foundation First Ladies Initiative is streamed live on the social media handles of Merck Foundation and Senator, Dr. Rasha Kelej, CEO of Merck Foundation: @ Merck Foundation: Facebook ( X ( Instagram ( and YouTube ( @ Rasha Kelej: Facebook ( X ( Instagram ( and YouTube ( Merck Foundation is transforming the Patient care landscape and making history together with their partners in Africa, Asia, and beyond, through: • 2280+ Scholarships provided by Merck Foundation for doctors from 52 Countries in more than 44 critical and underserved medical specialties. Merck Foundation is also creating a culture shift and breaking the silence about a wide range of social and health issues in Africa and underserved communities through: • 3700+ Media Persons from more than 35 countries trained to better raise awareness about different social and health issues • 8 Different Awards launched annually for best media coverage, fashion designers, films, and songs • Around 30 songs to address health and social issues, by local singers across Africa • 8 Children's Storybooks in three languages - English, French, and Portuguese • 7 Awareness Animation films in five languages - English, French, Portuguese, Spanish and Swahili to raise awareness about prevention and early detection of Diabetes&Hypertension and supporting girl education. • Pan African TV Program "Our Africa by Merck Foundation' addressing Social and Health Issues in Africa through 'Fashion and ART with Purpose' Community • 950+ Scholarships provided to high performing but under-privileged African schoolgirls to empower them to complete their studies 15 Social Media Channels with more than 8 Million Followers. Distributed by APO Group on behalf of Merck Foundation. Additional Images: Contact: Mehak Handa Community Awareness Program Manager Phone: +91 9310087613/ +91 9319606669 Email: Join the conversation on our social media platforms below and let your voice be heard: Facebook: X: YouTube: Instagram: Threads: Flickr: Website: Download Merck Foundation App: About Merck Foundation: The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality&equitable healthcare solutions in underserved communities, building healthcare&scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit to read more. Follow the social media of Merck Foundation: Facebook ( X ( Instagram ( YouTube ( Threads ( and Flickr ( The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors.


Al Etihad
6 hours ago
- Al Etihad
Trump hits more countries with steep tariffs, markets dive
1 Aug 2025 19:26 ZURICH/WASHINGTON (Reuters) US President Donald Trump's latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday, and countries and companies scrambling to seek ways to strike better Trump presses ahead with plans to reorder the global economy with the highest tariff rates since the early 1930s, Switzerland, "stunned" by 39% tariffs, sought more talks, as did India, hit with a 25% tariffs also include a 35% duty on many goods from Canada, and 50% for presidential order listed higher import duty rates of 10% to 41% starting in a week for 69 trading partners, taking the US effective tariff rate to about 18%, from 2.3% last year, according to analysts at Capital shares stumbled, with Europe's STOXX 600 down 1.8% on the day and 2.5% on the week, on track for its biggest weekly drop since Trump announced his first major wave of tariffs on April 2. Wall Street also opened sharply lower on broadest index of Asia-Pacific shares outside Japan fell 1.5%, bringing the total loss this week to roughly 2.7%. In commodity markets, oil prices continued to fall after a 1% plunge on new tariffs have created yet more uncertainty, with many details unclear. They are set to take effect on August 7 at 0401 GMT, a White House official European Union, which struck a framework deal with Trump on Sunday, is still awaiting more Trump orders to deliver on agreed carve-outs, including on cars and aircraft, EU officials said, saying the latest executive orders did not cover it is unclear how the administration intends to define and police the transhipment restrictions, which threaten 40% levies on any exporter deemed to have tried to mask goods from a higher-tariffed originator, such as China, as their new tariffs will kick in at what has become a perilous moment for the US economy, with US data on Friday showing employment growth was weaker than previously tariff rollout also comes amid evidence that they have begun driving up Commerce Department data released Thursday showed prices for home furnishings and durable household equipment jumped 1.3% in June, the biggest gain since March 2022. No Winners Countries hit with hefty tariffs said they will seek to negotiate with the US in hopes of getting a lower said it would push for a "negotiated solution" with the US."It's a massive shock for the export industry and the whole country. We are stunned," said Jean-Philippe Kohl, deputy director of Swissmem, representing Switzerland's mechanical and electrical engineering Africa's Trade Minister Parks Tau said he was seeking "real, practical interventions" to defend jobs and the economy against the 30% US tariff it Asian countries, however, breathed a sigh of relief after the US tariffs on their exports were lower than threatened and levelled the playing field with a rate of about 19% across the region's biggest finance minister said a reduction from 36% to 19% would help his country's economy."It helps maintain Thailand's competitiveness on the global stage, boosts investor confidence and opens the door to economic growth, increased income and new opportunities," Pichai Chunhavajira products could become more competitive in the US market, helping businesses boost exports, Trade Minister Don Farrell said, after Trump kept the minimum tariff rate of 10% for businesses and analysts said the impact of Trump's new trade regime would not be positive for economic growth."No real winners in trade conflicts," said Thomas Rupf, co-head of Singapore and CIO Asia at VP Bank. "Despite some countries securing better terms, the overall impact is negative.""The tariffs hurt the Americans and they hurt us," winemaker Johannes Selbach said in Germany's Moselle Valley, adding jobs and profits on both sides of the Atlantic would be hit.L'Oreal and a growing number of European fashion and cosmetics companies are exploring the use of an obscure, decades-old US customs clause known as the "First Sale" rule as a potential way to soften the impact of the "First Sale" rule allows companies to pay lower duties by applying tariffs to the value of a product as it leaves the factory, much lower than the eventual retail price. Canada and India Trump has tapped emergency powers, pressured foreign leaders, and pressed ahead with trade policies that sparked a market sell-off when they were first announced in order said some trading partners, "despite having engaged in negotiations, have offered terms that, in my judgment, do not sufficiently address imbalances in our trading relationship or have failed to align sufficiently with the United States on economic and national-security matters."Trump issued a separate order for Canada that raises the rate on Canadian goods subject to fentanyl-related tariffs to 35%, from 25% previously, saying Canada had "failed to cooperate" in curbing illicit narcotics flows into the higher tariffs on Canadian goods contrasted sharply with Trump's decision to grant Mexico a 90-day reprieve from the higher tariffs of 30% on many goods to allow time to negotiate a broader trade Prime Minister Mark Carney said he was disappointed by Trump's decision and vowed to take action to protect Canadian jobs and diversify exports. India is in trade talks with the US after Washington imposed a 25% tariff on New Delhi, a move that could impact about $40 billion worth of its exports, an Indian government source with knowledge of the talks told Reuters on Friday.


Zawya
6 hours ago
- Zawya
India to invite financial bids for IDBI Bank stake sale in Oct-Dec, official says
India has completed due diligence for the stake sale of IDBI Bank and plans to invite financial bids between October and December, the country's divestment secretary said on Friday. A successful bidder will be announced by the end of March 2026, said Arunish Chawla, Department of Investment and Public Asset Management Secretary. Banking sector deals in India, especially those involving foreign entities, are rare. A full takeover of troubled Indian lender Lakshmi Vilas Bank by Singapore-based DBS Group in a regulatory-driven transaction in 2020 was the last major deal. The sale of a majority stake in IDBI Bank has been seen as a first step towards privatising state-run banks. The government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India which holds 49.24%, together plan to sell 60.7% of the lender. The sale process was first announced in 2022. Reuters has reported that interested buyers include Emirates NBD and Canadian billionaire Prem Watsa.