Read the latest news from regional and global sources, presenting different voices and perspectives.
Path to upper-middle economy
Daily News Tanzania
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July 9, 2025
DAR ES SALAAM: A NEW era is beckoning for Tanzania as President Samia Suluhu Hassan is set to officially launch the Tanzania Development Vision 2050 (TDV 2050) in the capital city, Dodoma, on July 17th this year. Envisioned to take Tanzania to the...
Samsung heirs sell Seoul villa for $21m to help pay record inheritance tax bill
The Straits Times
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July 9, 2025
SEOUL – The heirs of the late Samsung Group chairman Lee Kun-hee have sold a luxury property in central Seoul for 22.8 billion won (S$21.3 million), in what appears to be part of a broader effort to pay South Korea’s largest-ever inheritance tax...
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Japan and South Korea seek tariff relief in talks with US before August deadline
Firstpost
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July 8, 2025
Powerhouse Asian economies Japan and South Korea said on Tuesday that they will try to negotiate with the United States to mitigate the impact of much higher tariffs that President Donald Trump now expects to apply beginning in August. Trump...
Trump ramps up pressure on S. Korea with dual demands on trade, defense
The Korea Times
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July 9, 2025
U.S. President Donald Trump escalated pressure on Korea by pairing tariff threats with renewed demands for increased defense cost-sharing, amid ongoing trade talks between the two nations. The Trump administration formally notified Korea, Monday...
Trump to announce trade tariffs on new batch of...
Fibre 2 Fashion
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President Donald Trump has announced on Truth Social that the US will unveil a minimum of seven new countries facing trade tariffs on Wednesday morning (local time), with additional names to be released later in the day. The move is part of a...
Trump signals continuing trade-defense link as tariff talks drag on
Japan Times
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July 9, 2025
As a tariff deadline looms for Japan and South Korea, U.S. President Donald Trump is again demanding Asian allies cough up more cash for hosting American troops and hinting that they should spend more on their own defense — a signal that he is...
AI, HPC demand push Taiwan's exports to new heights despite trade worries
Asianet Newsable
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July 9, 2025
Taiwan's June exports hit a record USD 53.32 billion, a 20th straight month of growth, driven by AI and high-performance computing demand. In June, Taiwan's exports reached a new monthly high of USD 53.32 billion, marking the 20th consecutive...
Korea needs a new long-term economic strategy
The Korea Times
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July 9, 2025
During the first Trump administration, Seoul began to contemplate an economic strategy that reduced its dependence on the United States and China. With the return of Donald Trump and the more aggressive use of tariffs by his administration, a new...
U.S. imposes 25% tariffs on all products from Japan and South Korea — new measures could be a big hit for the memory industry
Tom's Hardware
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July 8, 2025
President Donald Trump on Monday informed leaders of Japan and South Korea that the U.S. would impose 25% import tariffs on all goods made in these countries and shipped to the U.S. starting August 1. The move affects all industries, but the...
Iran Releases Currency Exchange Rates For July 9
MENAFN
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July 9, 2025
(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 9. The Central Bank of Iran (CBI) has released the official exchange rates for foreign currencies as of July 9, Trend reports. According to the rates announced by the CBI, the value of 28...
Dollar Rises as Trade Tensions Undercut Stocks
Yahoo Finance
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Pile of money with hands by Sergey Nazarov via iStock The dollar index (DXY00) Monday rose by +0.30% and posted a 1.5-week high. The weakness in stocks on Monday boosted some liquidity demand for the dollar. The dollar extended its gains Monday...
Myanmar to seek positive trade talks with US after Trump announces 40% tariff on imports
Eleven Myanmar
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Regarding the letter sent by US President Donald Trump to Chairman of Myanmar’s State Administration Council (SAC) and Prime Minister Senior General Min Aung Hlaing concerning trade matters, SAC Spokesman Major General Zaw Min Tun stated that...
Japan and South Korea face 25% US tariffs
Kidscreen
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US President Donald Trump revealed the next countries targeted for planned tariff increases in a series of posts on his Truth Social account yesterday, and it could hit toy companies hard. Trump uploaded letters addressed to the leaders of 14...
UBS: «Tariff Letters Do Not Signal Trade War Escalation»
finews.asia
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July 9, 2025
While the US has issued fresh tariff threats, the contents and tone of communication indicate openness to negotiations rather than an escalation of the trade war, according to UBS. A new wave of tariff threats has been issued via letters from US...
Trump strike again as U.S hits Japan and South Korea the hard way
Zambian Observer
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July 8, 2025
President Donald Trump has announced that the United States will impose a 25% tariff on goods imported from Japan and South Korea, effective August 1, 2025. This decision was communicated through letters posted on Truth Social, addressed to...
Trump announces 25% tariffs on Japan and South Korea, escalating auto trade tensions
CBT News - Georgia
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July 8, 2025
President Donald Trump announced a 25% tariff on imports from Japan and South Korea, effective August 1, as part of a broader trade offensive targeting up to 12 countries. The move, delivered through formal letters and posts on Trump’s Truth...
Why Japan and South Korea are on different paths in the latest US trade salvo
The Straits Times
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July 8, 2025
TOKYO/SEOUL – Japan looks set to dig in its heels while South Korea will fire up the thrusters in trade talks, following US President Donald Trump’s July 7 decision to impose a 25 per cent “reciprocal” tariff on both countries from August. The...
Seoul fails to bring Japan’s forced labor issue to fore at Unesco
Inquirer
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July 9, 2025
Battleship Island in Nagasaki, Japan (Getty Images Bank) SEOUL — South Korea has failed to place Japan’s failure to address colonial-era forced labor at UNESCO-listed Meiji Industrial Revolution sites on UNESCO’s official discussion agenda. The...
U.S.’ 25% Tariffs on Japan: Don’t Panic. Work to Make a Stronger Economy
The Japan News
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July 9, 2025
Editorial 14:52 JST, July 9, 2025 With the international situation becoming increasingly severe, the importance of the Japan-U.S. alliance continues to grow. And yet, the United States is set to unilaterally impose high tariffs on Japan in the...
The long journey of coexistence between South Korea and Japan
Global Times
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Japan's Prime Minister Shigeru Ishiba and South Korea's President Lee Jae-myung shake hands at the start of their bilateral meeting on the sidelines of the G7 Summit in Kananaskis, Alberta on June 17, 2025. Photo: VCGOn June 19, the South Korean...