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Business from Saturday, July 12th, 2025
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Trump intensifies trade war with 30% tariffs on EU and Mexico
US President Donald Trump has imposed a 30 per cent tariff on imports from Mexico and the European Union starting on August 1 after weeks of negotiations with the key trading allies failed to reach a more comprehensive trade deal.
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China, ASEAN to submit upgraded free trade deal to leaders in October
China and the Association of Southeast Asian Nations (ASEAN) have agreed to submit a pact upgrading their free trade areas to their leaders for approval in October, according to China's foreign minister Wang Yi on Saturday.
