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Economic · Economic

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On tariffs, China and US ask industry a US$30 billion question

S7

Beijing and Washington are actively soliciting industry feedback on potential bilateral tariff reductions under the newly established board of trade, according to China’s commerce ministry. “The Chinese side is widely soliciting views from stakeholders – including domestic firms, business associations, local governments as well as American firms and business associations – on relevant tariff reduction arrangements,” Meng Huating, director of the Ministry of Commerce’s Department of Foreign...

Economic · Economic

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China’s durian imports from Thailand and Malaysia soar as glut pressures growers

S7

China’s durian imports rose 47 per cent, year on year, in the first half of 2026, with Thailand and Malaysia posting particularly strong gains, according to customs data, as Southeast Asian exporters offloaded a glut of the fruit that had sparked a price drop. Thailand exported nearly US$3.79 billion worth of the pungent spiky fruit shipped to China in the first half of 2026, the Chinese customs data showed, taking an 81 per cent share of the market. Thai shipments reached US$2.56 billion in the...

Economic · Economic

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US-China trade war reaches India’s streets as Modi weighs risks of Washington bet

S7

Indian Prime Minister Narendra Modi is facing mounting domestic backlash over a potential trade deal with the United States that would place India at the centre of US President Donald Trump’s efforts to redirect agricultural exports displaced by the US-China trade conflict, raising fresh questions about New Delhi’s broader strategic alignment with Washington against Beijing. Thousands of farmers from the northern state of Punjab marched towards Delhi on Tuesday to oppose what they described as a...

Economic · Economic

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Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?

S5

Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. U. S. The benchmark had ended the previous session more than $3 higher at $94.07, just below a six-week high. West Texas Intermediate crude gained $1.44, or 1.7%, to $88.27 after advancing nearly 3% on Wednesday.

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