North Asia

China hits US with retaliatory tariffs as trade war threat grows

China has hit the US with retaliatory tariffs on a series on products including soybeans, chicken, beef and pork, of up to 15%, after the US decided to impose further 10% tariffs on Chinese imports as of March 4; the US has also slapped tariffs on imports from Mexico and Canada.
March 04, 2025

Nissan downgrades FY forecast as Honda deal terminated

Nissan is expecting a net loss of ¥80bn for the current fiscal year as the Japanese giant moves ahead with ¥400bn of cost savings, including reducing global capacity by 20%, with progress already made in China.
February 14, 2025