Headlines

US imposes new 25% tariffs on Brazil, expands exemptions list

July 15 - The U.S. has announced 25% duties on many imports from Brazil, while unveiling a broader-than-expected list of exemptions, reviving a trade war that could embroil dozens of countries around the world as the Trump administration reworks its tariffs policy, one of its

Asia

Czech citizen detained in China faces espionage investigation

BEIJING/PRAGUE, July 16 - A Czech citizen detained in China since the end of June is being investigated on suspicion of offences endangering national security, China's Foreign Ministry said on Thursday, as mutual espionage claims threaten to upend a recent diplomatic thaw

Asia

Bank of Korea picks a fight with US Fed’s AI inflation call

TOKYO — Bank of Korea Governor Shin Hyun-song ended a three-and-a-half-year rate freeze on Thursday, lifting the policy rate 25 basis points to 2.75% — the BOK’s first tightening move since January 2023. The timing makes this more than a routine adjustment. Shin appears to be

Asia

What China’s sub-launched missile test really signaled

This article first appeared on Pacific Forum and is republished with permission. Read the original here. According to Chinese media reports, at 12:01 pm on July 6, a People’s Liberation Army Navy strategic nuclear-powered submarine successfully launched a submarine-launched

Asia

Asia’s development moment demands big bets, not safe ones

There is a version of development work that looks responsible but accomplishes very little. It moves cautiously, funds what is already proven and prioritizes institutional comfort over urgency. As a region of staggering diversity, rapid change and compounding crises, Asia

Asia

As the yen sinks, Asia’s monetary anchor subtly shifts to yuan

In mid-June, Indonesian Finance Minister Purbaya Yudhi Sadewa spent two days in Beijing and flew home with more than pleasantries. China’s finance ministry and the People’s Bank of China pledged to fast-track approval of Indonesia’s debut panda bond, a renminbi-denominated

Asia

Why the US economy stays strong despite Trump’s shockwaves

The US economy is continuing to grow faster and generate more new jobs than Europe. Annual national income growth over the past five years has averaged 3.3% in the US against 2.6% in the EU. In the first quarter of 2026, the EU’s GDP was just 0.7% higher than a year before,

Asia