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March 24, 2025
 

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TRADE

An employee works at a steel works in Mandi Gobindgarh, in the northern state of Punjab, India, on Oct. 19, 2024.
BUSINESS / Economy
Mar 24, 2025
India set to ditch $23B plan to rival China factories after it disappoints
Many participating firms failed to kick-start production, while others that met manufacturing targets found India slow to pay out subsidies.
U.S. Sen. Steve Daines meets with Chinese Premier Li Qiang at the Great Hall of the People in Beijing on Sunday.
WORLD / Politics
Mar 24, 2025
Xi must stop fentanyl flow before tariff talks, Trump ally says
Steve Daines laid out the condition in meetings with Chinese officials in Beijing over the weekend.
Chinese Premier Li Qiang poses for a photo with attendees of the China Development Forum at Diaoyutai Guesthouse in Beijing on Sunday.
BUSINESS
Mar 24, 2025
China promotes business potential to Apple and others from U.S.
Beijing is keen to woo foreign investment amid heightened geopolitical tensions, as policymakers try to boost domestic consumption to offset the impact of U.S. tariffs.
Tugboats pull the Greek tanker Sounion across Egypt's Suez Canal waterway. The tanker — set ablaze by Yemeni rebels with more than a million barrels of oil aboard — has been safely towed through the Suez Canal, the waterway's authority said on March 10. The Sounion was attacked in the Red Sea last August by Yemen's Houthi rebels, catching fire and losing power before its 25-member crew were rescued by a French frigate.
BUSINESS
Mar 24, 2025
Houthi attacks forcing 75% of U.S.-flagged ships to take longer route, U.S. says
The Houthis in Yemen say they have targeted ships in the Red Sea in solidarity with Palestinians since the start of Israel's Gaza war.
A commercial fishing boat leaves the port in Point Judith, Rhode Island, on March 13, as cuts by U.S. President Donald Trump's administration to the National Oceanographic and Atmospheric Administration imperil key fishing data and research.
BUSINESS
Mar 24, 2025
Trump’s regulatory freeze throws U.S. fishing industry into chaos
The freeze allowed overfishing of Atlantic bluefin tuna in waters off North Carolina.
Workers at the Cosco Shipping Holding shipyard in Qidong, Jiangsu province, China, on Oct. 8, 2024
BUSINESS / Economy
Mar 24, 2025
Billion-dollar U.S. levies on Chinese ships risk ‘trade apocalypse’
The levies could theoretically generate between $40 billion and $52 billion for U.S. coffers.
U.S. President Donald Trump walks toward Air Force One in Morristown, New Jersey, on Saturday.
BUSINESS / Economy
Mar 23, 2025
Trump plans his tariff ‘Liberation Day’ with more targeted push
Trump is preparing a "Liberation Day” tariff announcement on April 2.
Pieces of gum arabic, a natural emulsifier, displayed in a warehouse of an exporting company, in Port Sudan, Sudan.
WORLD / Politics
Mar 22, 2025
A genocidal militia in Sudan controls a key ingredient in Coke and Pepsi
Gum arabic acts as an organic emulsifier in consumer goods around the world — in candy, medicine, soda and cosmetics.
An economic dialogue between Japan and China will take place in Tokyo on Saturday, the same day as a meeting among top diplomats of the two countries plus South Korea.
BUSINESS
Mar 21, 2025
Japan and China set for economic talks as U.S. tariff pressure rises
The scale and proximity of the Chinese market means it is in Japan’s interest to maintain stable relations despite ongoing tensions.
Former European Central Bank chief Mario Draghi presents his report on the future of European competitiveness to the European Parliament in Strasbourg, France, in September.
COMMENTARY / World
Mar 21, 2025
Europe’s risk aversion comes with consequences
While Europe's culture is more risk-averse, deregulation could spur growth if it adapts to new technologies like AI, balancing risk and reward for a changing economy.
A worker arranges cases of avocados at a packaging facility in Mexico on Tuesday. U.S. President Donald Trump has said he will follow through next month on twice-delayed plans to impose 25% levies on goods from Mexico as well as Canada.
BUSINESS / Economy
Mar 21, 2025
Trump trade upheaval leaves foreign central banks guessing
The stagflationary direction noted of the U.S. outlook has central banks across the globe parsing what the fallout may mean for them.
U.S. President Donald Trump speaks with C.C. Wei, chief executive of Taiwan Semiconductor Manufacturing Co., at a news conference in Washington on March 3.
BUSINESS / Tech
Mar 19, 2025
Tariff threats spur TSMC’s Taiwan peers to seek U.S. expansion
Taiwanese electronic firms' migration of manufacturing to the U.S. has accelerated from previous years as U.S. President Donald Trump threatens more trade barriers.
Japan's shipments abroad have advanced in the first two months of this year, as Japanese companies brace for the rollout of higher tariffs in the United States.
BUSINESS / Economy
Mar 19, 2025
Japan’s exports rose more quickly in February ahead of Trump tariffs
Global trade flows face potential major disruptions as the U.S. continues to escalate its tariff campaign, targeting nations where Japanese carmakers have manufacturing bases.
Italian Prime Minister Giorgia Meloni talks with Economy Minister Giancarlo Giorgetti in the upper house of Parliament in Rome on Tuesday.
WORLD / Politics
Mar 19, 2025
Meloni cautions EU on U.S. trade war and says Italy won't send troops to Ukraine
Italian Prime Minister Giorgia Meloni, who is close to U.S. President Donald Trump, said established ties between Europe and the United States had to be preserved.
U.S. Treasury Secretary Scott Bessent walks to a television interview outside the White House in Washington on Friday. Bessent had indicated a possible delay in the activation of new reciprocal tariff rates on the United States' trading partners.
BUSINESS / Economy
Mar 19, 2025
Trump still intends for reciprocal tariffs to kick in on April 2
Treasury Secretary Scott Bessent had indicated a possible delay but the White House says trading partners would need to negotiate deals in advance to avoid new tariffs.
Shipping containers at a port in Long Beach, California. Higher tariffs will raise the cost of doing business in the U.S., raising the bar for Japanese companies to invest in America.
BUSINESS / Economy
Mar 18, 2025
Trump tariffs to raise bar to invest in the U.S., JETRO says
Higher tariffs will raise the cost of doing business in the U.S. with more expensive materials and products, said JETRO’s chair, Norihiko Ishiguro.
Port City Brewing Company founder and President Bill Butcher adds bottle caps, which he imports from Mexico, into the bottle machine at his brewery in Alexandria, Virginia, on Thursday.
BUSINESS / FOCUS
Mar 16, 2025
'Impossible': U.S. breweries buffeted by Trump tariffs
From Canadian malted barley to aluminum beer cans, Trump's tariffs have hit multiple products that American craft breweries need.
Mark Carney, Canada's incoming prime minister (center), during a swearing-in ceremony at Rideau Hall in Ottawa on Friday. Carney has been sworn in as Canada's 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the U.S.
WORLD / Politics
Mar 15, 2025
Canada has a new prime minister with a very hard first assignment
Mark Carney steps into his role as U.S. President Donald Trump sets his sights on Canada’s sovereignty and keeps threatening more tariffs.
U.S. President Donald Trump, flanked by Commerce Secretary Howard Lutnick, holds an executive order about a tariffs increase in the Oval Office of the White House in Washington on Feb. 13.
BUSINESS / Economy
Mar 15, 2025
U.S. commerce chief rules out auto tariff exemption for Japan
Commerce Secretary Howard Lutnick linked the 25% tariffs on car imports, set to begin on April 2, to cutting the U.S. trade deficit with Japan.
Yoji Muto
BUSINESS / Economy
Mar 15, 2025
Japan, China and South Korea eye trade ministers meeting
Japanese trade minister Yoji Muto will attend the envisaged meeting if he receives parliamentary approval.
Trump plans his tariff ‘Liberation Day’ with more targeted push
U.S. President Donald Trump walks toward Air Force One in Morristown, New Jersey, on Saturday.
OpenAI study finds links between ChatGPT use and loneliness
San Francisco-based OpenAI sees the new studies as a way to get a better sense of how people interact with, and are affected by, its popular chatbot.
Stay at home if Mount Fuji erupts, government panel says
Mount Fuji in November. For the first time, the government has released specific guidelines on how residents should act in the event that Mount Fuji erupts.
China's restaurants race to the bottom in deflation-hit economy
A kitchenware recycling team collects equipment at a closed hotpot restaurant in Beijing last month.
Japan, China and South Korea agree to promote peace and cooperation
Chinese Foreign Minister Wang Yi (left), Japanese Foreign Minister Takeshi Iwaya (center) and South Korean Foreign Minister Cho Tae-yul pose for the cameras during a trilateral meeting in Tokyo on Saturday.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.
Stay at home if Mount Fuji erupts, government panel says
Mount Fuji in November. For the first time, the government has released specific guidelines on how residents should act in the event that Mount Fuji erupts.
In pictures: Tokyo's weeklong celebration of baseball's best
Shohei Ohtani belts a home run in the fifth inning of the second game of the Tokyo Series between the Dodgers and Cubs.
What's the fuss over Ishiba's gift vouchers?
Prime Minister Shigeru Ishiba waits for a session of the House of Councillors Budget Committee to begin in Tokyo on Friday.
At Tokyo Dome, a stage so big that even Shohei Ohtani felt nervous
Shohei Ohtani tips his batting helmet during the opening game of the MLB season between the Dodgers and Cubs on Tuesday at Tokyo Dome

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

The sun shines from behind a waving Philippine flag at the Manila American Cemetery and Memorial.
Eighty years after the Battle of Manila, old foes forge new ties
By Anton L. Delgado

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