Hyundai Motor Group will increase its investment in the US to US$26 billion (RM109.27 billion) through 2028, as it seeks to expand autos, steel and robotics production, underscoring the South Korean conglomerate’s deepening economic ties with Washington.
US President Donald Trump threatened to impose fresh tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations’ digital services taxes that hit American technology companies.
Indian exporters are bracing for disruptions after a US Homeland Security notification confirmed Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation.
Japan’s immigration agency plans to tighten the rules for granting business manager visas as the programme has increased in popularity.
The dollar and US Treasuries slid in Asian trading on Tuesday after President Donald Trump announced he was removing a Federal Reserve (Fed) governor, which undermined confidence in US assets.
US government debt could reach 250% of gross domestic product without putting upward pressure on interest rates, according to a paper presented at the Federal Reserve’s Jackson Hole conference.