Japan’s automakers slashed the price of products exported to the US at a record pace, in a sign that companies are sacrificing profits to remain competitive as US President Donald Trump’s tariffs hit cars.
Automakers are urging customers to snap up electric vehicles before a US$7,500 US tax credit goes away this fall.
The Malaysian Rubber Glove Manufacturers Association (Margma) has urged the government to promptly enter sectoral tariff negotiations with the United States, following Washington’s decision to raise import duties on rubber gloves to 25% from Aug 1, 2025.
The number of unemployed declined further by 0.7% in May 2025 to 522,400 from 525,900 in April, according to the Department of Statistics Malaysia (DOSM).
Japan’s annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank’s view that price pressure from rising raw material costs will gradually dissipate.
The latest data on wholesale inventories has been released, revealing a decrease of 0.3%. This figure aligns with the forecasted drop, suggesting a bearish outlook for the US Dollar (USD).