by admin | Mar 25, 2025 | business, commerce, government regulations, international economics, international trade
US President Donald Trump stated on Monday that he will be announcing auto tariffs within the next few days, possibly including exceptions for specific nations regarding mutual trade levies. Additionally, he suggested that tariff decisions on items such as vehicles, timber, semiconductor chips, and medicines will be made shortly.
Last month, Trump declared his intention to enforce 25% duties on imported automobiles, medications, and semiconductors starting from 2nd April. Additionally, he issued an executive directive to scrutinize trade dealings with plans for implementing extensive retaliatory tariffs anticipated to commence on the mentioned date. Following this announcement, he provided a temporary reprieve of thirty days regarding car taxes within the framework of the United States-Mexico-Canada Agreement (USMCA), effective since 3rd March.
His remarks intensified the bewilderment surrounding the continuously inconsistent tariff policies, prompting other countries to hasten discussions with the White House aiming for exceptions. “I might grant many countries some leeway,” stated Trump.
U.S. stock markets experience a strong recovery as Tesla jumps 13%.
Trump’s remarks on potential tariff exemptions came at a time when investors were seeking bargains in the US stock markets after a four-week selloff. Dip-buys in big tech stocks buoyed Wall Street, with the Nasdaq jumping more than 2% on Monday. All the Magnificent Seven stocks finished higher, with Tesla leading gains, surging 12%. However, the electric vehicle maker’s shares are still down 31% year-to-date, as CEO Elon Musk’s political intervention continues to spark backlash.
The US dollar experienced a recovery for the fourth successive trading session after the previous week’s Federal Open Market Committee (FOMC) gathering. Chairman of the Federal Reserve, Jerome Powell, minimized the effect of President Trump’s tariffs on the economy, stating that the upward push on inflation would likely be “temporary.” The anticipation of a less stringent approach from Trump regarding tariffs coupled with the Fed’s support has aided in boosting both US stock markets and the value of the dollar.
European shares and the euro decline
By contrast, the rally in the US stock markets may have caused profit-taking moments in European equities, with both the Euro Stoxx 600 index and the DAX declining for the third consecutive trading day. Notably, the record-setting rally in Germany’s stock markets lost steam after the European Union leaders failed to secure a €5 billion Ukraine funding package last week. Europe’s defence sector retreated sharply, leading to broad losses.
Furthermore, Trump’s tariff threats could result in countermeasures from the EU, scheduled to be implemented next month. On March 12th, the European Commission declared that they plan to impose tariffs on $30 billion worth of U.S. products starting in April. This escalation in the trade conflict might spark additional sell-offs within the local markets.
The euro continued to lose strength against the dollar for the fourth consecutive day, with the EUR/USD pairing dropping below 1.08 during Tuesday’s trading in Asia—the lowest level since early March. This downturn was fueled by differing trends in government bond yields between the U.S. and Europe. Specifically, the U.S. 10-year Treasury yield surged by 8 basis points amid enhanced optimism about economic expansion, whereas Germany’s equivalent yield increased just slightly by 1 basis point.
by admin | Mar 25, 2025 | business, commerce, retail, retailers, small and medium enterprises
KUALA LUMPUR, March 25 — Unified commerce platform EasyStore has entered into a Memorandum of Understanding (MoU) with Alliance Bank, Ninja Van, and SUNMI to support more than 1,000 small and medium-sized enterprises (SMEs) in Malaysia. This partnership aims to enhance the customer journey across brick-and-mortar stores and e-commerce sites, fostering advancement and expansion for Malaysian firms.
Expanding upon this collaboration, EasyStore is strengthening its dedication to the advancement of small and medium-sized enterprises (SMEs) via the ‘Supporting Businesses Through Mutual Aid’ program. This Memorandum of Understanding aims to establish a cohesive environment designed to provide local SMEs with all-encompassing solutions such as digital resources, logistics assistance, and innovative payment methods, catering to the changing demands of contemporary technology-aware consumers.
The updated ecosystem will provide companies an extensive suite of services to streamline their processes. This includes offerings from EasyStore along with Sunmi Technology’s intelligent Internet-of-Things gadgets, facilitating quicker and more secure payments within stores. In collaboration with Ninja Van, EasyStore aims to improve supply chain management through real-time monitoring and expedited shipping choices. Additionally, partnering with Alliance Bank, EasyStore intends to deliver smooth financial assistance aimed at fostering business expansion, offering digital funding opportunities, and providing adaptable options tailored specifically for local enterprises.
Partnership to enhance customer experience spanning both brick-and-mortar stores and digital platforms.
These strategic partnerships and customer-focused tools will enable numerous Malaysian small and medium-sized enterprises (SMEs) to tap into advanced trade solutions, thereby helping them tackle daily business hurdles and provide outstanding service to their customers.
It is anticipated that SMEs will experience an increase in revenue, shorter delivery periods, and a reduction of more than 25% in operating expenses, thereby enhancing total efficiency and fostering expansion.
Yien Yee Soh, who holds the position of Chief Relationship Officer at EasyStore, mentioned that this initiative allows enterprises to seamlessly handle client engagements spanning both digital and physical platforms.
“We’re developing a revolutionary environment specifically tailored for small and medium-sized enterprises (SMEs). It’s not merely about providing tools; in Malaysia, these businesses encounter numerous hurdles as they navigate through the growing digitized world. With the boundaries between traditional retail and e-commerce becoming less distinct, countless companies struggle to keep up due to insufficient resources to merge both domains. This collaboration aims to bridge that gap,” she explained.
Yien Yee elaborated that as the local SME sector expands, companies must adjust to integrating digital and physical platforms. Implementing unified commerce will assist these enterprises in maintaining their edge, guaranteeing competitiveness.
Furthermore, EasyStore has introduced the
EasyStore Brand App
Designed to assist businesses in maintaining connections with their clientele. Given that more than 70% of consumers prefer buying from applications already present on their devices, this app helps small and medium-sized enterprises (SMEs) become part of their customers’ everyday habits.
Companies have the ability to completely customize the application using their own logos and brand names, providing clients with a user-friendly and engaging shopping environment that boosts customer retention as well as fosters lasting brand allegiance.
Raymond Chui, who holds the position of Group Chief Business & Transaction Banking Officer at Alliance Bank, highlighted the bank’s dedication to helping local enterprises access suitable financial resources to reach their maximum capability.
“Our acclaimed offerings are crafted to assist companies prosper in the rapidly changing digital marketplace. Partnering with EasyStore signifies our continued commitment to delivering efficient, cutting-edge financial assistance to small and medium enterprises—enabling them to concentrate on what truly counts: expanding their ventures,” he declared.
The updated ecosystem will enhance the efficiency of SMEs and strive to reduce costs by 25%.
Victor Tan, who serves as SUNMI’s country manager for Malaysia, highlighted that smart IoT solutions are transforming retail transactions. He noted that secure, smooth, and efficient payment processing will improve the overall customer experience and simplify business processes.
In the meantime, Fariz Maswan, who holds the position of Chief Sales Officer at Ninja Van Malaysia, highlighted the crucial part played by logistics in molding customer experiences. He emphasized that their partnership guarantees dependable deliveries coupled with real-time tracking, which boosts overall customer contentment and dedication.
Register today and join the digital ecosystem.
www.easystore.co/lp/let-business-help-business.
Don’t let this chance to revolutionize your business pass you by.
by admin | Mar 25, 2025 | commerce, government, government regulations, laws and regulations, politics
KUALA LUMPUR, March 25 — Prime Minister Datuk Seri Anwar Ibrahim has asked the KPDN to enforce strict adherence to the cap prices during the upcoming Hari Raya period.
Tunku Nashrul Abaidah, his senior press secretary, mentioned that Anwar would personally carry out an onsite examination to enable him to assess the circumstances directly.
This will ensure enforcement of pricing regulations, including accurate labeling of regulated products, and assure that consumers can benefit from fair prices throughout the festive season.
This initiative is essential for sustaining equitable pricing periods and fostering a beneficial outcome for both consumers and enterprises,” he stated at the virtual press conference held at the Prime Minister’s Office.
The Festival Season Highest Price Regulation Program, set to be implemented from March 24 through April 7.
The price structure was set following discussions with the Ministry of Agriculture and Food Security as well as various pertinent governmental bodies and sector participants.
He additionally mentioned that Anwar has directed both ministries to keep collaborating closely and to step up their surveillance and law enforcement activities. This includes conducting more regular checks to ensure an adequate provision of crucial items during the festive season.
During this time, consumers are urged to bring any concerns about unusual pricing directly to the relevant authorities.
by admin | Mar 25, 2025 | business, commerce, donald trump, government regulations, international economics
Canada
and
Mexico
might find some solace afterwards
Donald Trump
mentioned that the reciprocal tariffs set for April 2 might turn out less severe than what he initially pledged.
On Monday, earlier, Trump stated that a 25% tariff would be imposed on oil and gas imports from Venezuela.
put into effect on April 2, a date he had been mentioning
will be ‘DAY OF LIBERATION IN AMERICA.’
Nevertheless, during his address to the press in the Oval Office later that same day, he expressed willingness to show flexibility regarding certain other tariffs partly as a means to set an example for their neighbouring countries and allies.
“We might accept less than their asking price since they have overcharged us significantly; I doubt they can demand more,” Trump stated.
“In simpler terms, they have billed us an amount that makes me feel awkward about charging back what we were charged,” he mentioned, although he didn’t mention specific countries he might be looking into for reversals.
Trump
mentioned that some of his additional tariffs on automobiles, wood products, medicines, and chips might be delayed until further into the year.
He remains committed to declaring April 2 as ‘Freedom Day.’ He believes that by then, they will have generated sufficient income to reduce taxes and generate employment opportunities.
The U.S.
stock market
had been recovering on Monday as investors believe the tariffs will likely be more focused than initially anticipated.
The S&P 500 climbed by 1.8%, the Nasdaq Composite gained 2.3%, and Tesla
surged up 12%, continuing a bounce back that began last week, per the Wall Street Journal.
Nevertheless, the S&P 500 index has declined this year due to worries that a trade conflict might impede economic expansion and elevate inflationary stresses.
Canada and Mexico have responded with anger to the tariffs, whereas British Prime Minister Keir Starmer
has been attempting to reduce the tariffs
headed his way.
On April 2, Trump was
anticipated to impose full tariffs of 25% on goods from both Mexico and Canada, which are the biggest trading partners of the United States.
The presidential figure from the Republican party has further heightened the tariffs imposed in 2018 on steel and aluminium to 25% for every imported product. He has also pledged to introduce extra duties on vehicles, medicinal products, timber, semiconductor chips, and copper.
Recently, the United States and Canada have been at odds due to an escalating trade war and tariff disputes.
introduced by Trump, who has persistently criticized the country and its administration,
triggering demonstrations during sports competitions.
The newly appointed Canadian Prime Minister, Mark Carney, delivered a scathing critique of Trump regarding the continuing trade disagreement.
He charged Trump with ‘attempting to undermine our economy’ during his address to a boisterous gathering of Liberal party supporters.
‘As we are aware, Donald Trump imposed unwarranted tariffs
“What we construct, what we market, and how we earn our livelihood,” he stated.
He’s targeting Canadian workers, families, and businesses. We can’t allow him to win. And we won’t.
The harsh statements indicate that he plans to keep following the approach of former Prime Minister Justin Trudeau, engaging in public disagreements with the president.
Trump first began
suggesting Canada’s entry during Trudeau’s tenure, where he mocked him by calling him the ‘Governor of California’
‘.
He has implemented a 25 percent tax on all imports from Canada as part of an effort to ensure the country is held accountable for stopping illegal immigration and adhering to their commitments.
halting the influx of lethal fentanyl and other narcotics into our nation
“, stated a White House announcement.
Present polls indicate that there is minimal backing from Canadians regarding unification with the United States, as approximately 90 percent are against it.
Trump’s provocation similarly ignited numerous demonstrations against the United States among Canadian sports enthusiasts, who have
selected to show their discontent by jeering ‘The Star-Spangled Banner’ prior to matches
.
Before MLS matches in Canada, as well as during WWE events in Toronto and particularly intense Four Nations Face-Off competitions between the two countries in February, Canadians have focused their efforts on the US national anthem.
Nevertheless, a loud minority from Canada’s petroleum-rich regions
inspired by Trump’s ‘Drill Baby Drill’ policy
have emerged and identified themselves as 51st-staters.
On Monday, though, Trump seemed to shift his focus onto Venezuela.
In a Truth Social posting, Trump stated that Venezuela has shown significant hostility towards the United States, and nations buying oil from it will face consequences.
pay the duty on all their commerce with the U.S.
starting April 2.
These duties would probably increase the taxation burden for China, which in 2023 purchased 68% of the oil exported from Venezuela, as per a 2024 report by the U.S. Energy Information Administration.
The report indicates that Spain, India, Russia, Singapore, and Vietnam are some of the nations importing oil from Venezuela.
However, even the United States — notwithstanding its sanctions against Venezuela — purchases oil from that nation.
In January, the U.S. brought in 8.6 million barrels of oil from Venezuela, as reported by the Census Bureau, which makes up approximately 202 million barrels imported during that month.
On Monday, the Treasury Department extended the permission for U.S.-based Chevron Corp. to extract and ship Venezuelan oil until May 27th.
The extension, referred to as a general license, frees the nation from economic sanctions and permits it to keep producing oil.
In February, Trump declared the termination of the business ties between Chevron and Venezuela, which had served as a crucial financial support for the South American nation.
The Venezuelan President Nicolás Maduro countered by blaming the United States for
breaching global commerce regulations through an ‘arbitrarily chosen, unlawful, and hasty action’ aimed at ‘hindering the progress’ of the South American country
.
The president contends that tariffs will revive manufacturing employment, instead of exacerbating inflationary concerns and impeding economic expansion as experts in economics have cautioned.
His most recent personal account emerged on Monday when Hyundai declared at the White House about their plan to construct a $5.8 billion steel mill in Louisiana.
Trump said Venezuela will face a “Secondary” tariff because it is the home to the gang Tren de Aragua . The Trump administration is deporting immigrants that it claims are members of that gang who illegally crossed into the United States.
Read more
by admin | Mar 25, 2025 | business, commerce, government, international relations, international trade
On March 24, 2025, ENA reported from Addis Ababa—Trade and Regional Integration Minister Kassahun Gofe expressed optimism that Ethiopia will complete its WTO accession process during the 14th Ministerial Conference (MC14), scheduled for March 2026 in Yaoundé, Cameroon.
At today’s press conference, Kassahun outlined the government’s intention to finalize the WTO accession process during the MC14 scheduled for Yaoundé from June 26-29, 2026.
As stated by the minister, the recently completed fifth negotiation cycle produced favorable outcomes.
Kassahun conveyed his optimism by stating, “Our belief is that we can accomplish our entry into the WTO during the MC14 in Cameroon. I remain hopeful.”
He went into more detail about the advancements made during the fifth negotiation round, emphasizing significant decreases in the quantity of questions raised by World Trade Organization member countries.
“In the fourth negotiation round held in 2020, approximately 181 queries were submitted to Ethiopia. The number has since reduced to 110, indicating significant advancement,” he pointed out.
The minister stated that Ethiopia will deliver detailed written responses by May 2025.
Furthermore, the minister revealed that Ethiopia has initiated bilateral market access talks with 12 out of 17 nations, including major economies like the United States and the European Union, following the principle of reciprocal trade benefits.
He highlighted that during the fifth round of meetings, 19 nations alongside the World Bank expressed backing for Ethiopia’s membership, surpassing typical levels of approval and anticipations.
Minister Kassahun Gofe stated that Ethiopia has been diligently working towards joining the WTO since 1999, having gained observer status in 2003.
Last week, during the discussions, Ethiopia emphasized its present economic situation and the ongoing economic changes, he mentioned.
The following negotiation session is set for this July.
According to the minister, the Ethiopian government has set up a systematic procedure involving a 35-member technical committee that carries out weekly evaluations along with a negotiation team that conducts bi-weekly assessments.
The minister further noted that numerous countries view Ethiopia as a nation with a GDP exceeding $206 billion and experiencing rapid economic growth. They believe that Ethiopia’s accession to the WTO would present significant market opportunities for fellow member states.
He mentioned that certain countries have gone through lengthy negotiation processes, involving over 12 rounds of talks, before successfully joining the WTO.
He mentioned that the possible advantages for Ethiopia joining the WTO entail functioning within a stable international marketplace.
Provided by Syndigate Media Inc. (
Syndigate.info
).
by admin | Mar 24, 2025 | commerce, medicine and healthcare, news, news media, transportation
Tanger Med has climbed higher in the international port rankings, now standing at 17th position globally—a gain of two places compared to the previous year. As reported by Alphaliner, the port experienced an 18.8% surge in container throughput, marking the second-largest growth rate internationally, following closely after Long Beach and Los Angeles.
In 2024, Tangier Med managed to process an all-time high of 10.24 million TEUs due to improved infrastructure, state-of-the-art machinery, and streamlined marine activities. This achievement makes it the sole port from both the Mediterranean region and Africa to be listed among the world’s top 30 ports.
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Tanger Med records remarkable expansion, places 17th globally
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