The Delhi High Court has stayed proceedings in a criminal defamation case filed against Sudarshan TV and its editor Suresh Chavhanke in connection with allegations that his channel made false accusations against a madrasa. The case against Chavhanke was filed by Mohammed Tufail Khan
China said on Sunday (August 23, 2026) it was postponing its planned ambitious Chang'e-7 lunar mission, which was set to carry out explorations including searching for water ice on the moon. The Chang'e-7 spacecraft was originally set to lift off in the coming days from the Wenchang Space Launch
Canada’s Carney Puts His ‘No Deal Is Better Than a Bad Deal’ Doctrine to the Test The prime minister ’s approach has broad support from the Canadian public and his political opponents, but it isn’t without risks. Published on: Aug 24, 2026, 14:05:27 IST WSJ Prefer HTon Google Share via
A group of former cricket captains, including Indian batting legend Sunil Gavaskar and one of England's longest-serving skippers Sir Alastair Cook, have called on Pakistan to ensure its ex-PM Imran Khan be given proper care while in custody. The cricketer-turned-politician has been in jail since
Fewer than 20 commodity vessels transited the Strait of Hormuz at the weekend, shipping data showed on Monday (August 24, 2026), as Iranian and U.S. blockades restrict traffic through the chokepoint for energy shipments. Four vessels crossed the strait on Sunday (August 23, 2026)
Asian economies try to figure out what Trump's tariffs mean for them
President Trump announced a new import tariff after a court ruling. Asian nations are monitoring the impact of this move. Analysts suggest further actions from Trump are likely. This creates fresh uncertainties for businesses and investors across the region. Japan and Taiwan are cautiously assessing the situation.
Hong Kong/Taipei: U.S. trading partners in Asia were weighing fresh uncertainties this weekend after President Donald Trump announced a new tariff on imports, hours after the Supreme Court struck down many of the sweeping levies he used to launch a global trade war.
The court's ruling invalidated a number of tariffs that the Trump administration had imposed on Asian export powerhouses from China and South Korea to Japan and Taiwan, the world's largest chipmaker and a key player in tech supply chains.
Within hours, Trump said he would impose a new 10% duty on U.S. imports from all countries starting on Tuesday, which he raised to 15% on Saturday. The levies, under a different law, are set for 150 days, prompting analysts to warn that more measures could follow, threatening more confusion for businesses and investors.
HONG KONG SAYS TARIFF 'FIASCO' PLAYS TO CITY'S STRENGTHS
Before the ruling, Trump's tariff push had strained Washington's diplomatic relations across Asia, particularly for export-reliant economies integrated into U.S.-bound supply chains.
In Japan, a government spokesman said on Saturday that Tokyo "will carefully examine the content of this ruling and the Trump administration's response to it, and respond appropriately."
On Sunday, Itsunori Onodera, an executive of Prime Minister Sanae Takaichi's Liberal Democratic Party and a former defence minister, called Trump's new tariffs "outrageous".
"As an ally, I'm worried this will only accelerate countries distancing themselves from the U.S.," Onodera, the LDP tax policy chief, who is not in government, told a talk programme on Fuji Television.
China, which is preparing to host Trump in late March, has not responded to the latest tariff moves with the country on an extended holiday. But a senior financial official in China-ruled Hong Kong described the U.S. situation as a "fiasco".
Christopher Hui, Hong Kong's secretary for financial services and the treasury, said Trump's new levy served to underscore Hong Kong's "unique trade advantages".
"This shows the stability of Hong Kong's policies and our certainty ... it shows global investors the importance of predictability," Hui told a media briefing on Saturday when asked how the new tariffs would affect the city's economy.
Hong Kong operates as a separate customs territory from mainland China, a status that has shielded it from direct exposure to U.S. tariffs targeting Chinese goods.
While Washington has imposed duties on mainland exports, Hong Kong-made products have generally faced lower tariff rates, allowing the city to maintain trade flows even as Sino-U.S. tensions escalated.
MORE CONFUSION AFTER RULING, ANALYSTS SAY
As Trump's levies escalated through 2025 and early 2026, corporate disclosures tracked by Reuters showed firms across the Asia-Pacific region reporting financial hits, supply shifts and withdrawals.
Friday's ruling concerns only the tariffs launched by Trump on the basis of the International Emergency Economic Powers Act, or IEEPA, intended for national emergencies.
Trade policy monitor Global Trade Alert estimated that by itself, the ruling cuts the trade-weighted average U.S. tariff almost in half from 15.4% to 8.3%.
For those countries on higher U.S. tariff levels, the change is more dramatic. For China, Brazil and India, it will mean double-digit percentage-point cuts, although to still-high levels.
In Taiwan, the government said it was monitoring the situation closely, noting that the U.S. government had yet to determine how to fully implement its trade deals with many countries.
"While the initial impact on Taiwan appears limited, the government will closely monitor developments and maintain close communication with the U.S. to understand specific implementation details and respond appropriately," a cabinet statement said.
Taiwan has signed two recent deals with the U.S. - a memorandum of understanding last month that committed Taiwan to invest $250 billion, and a deal was signed this month to lower what Trump calls "reciprocal" tariffs.
Even before Trump raised his new levy to 15%, analysts said the court ruling might offer little relief for the global economy. They warned of looming confusion as trading nations brace for moves by Trump to find other means of using levies to circumvent the ruling.
Thailand's Trade Policy and Strategy Office head Nantapong Chiralerspong said the ruling might even benefit the country's exports as uncertainty drove a fresh round of "front-loading", where shippers race to move goods to the U.S., fearing even higher tariffs.
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: Trump Tariffs India,Trump tariffs,U.S. imports,economic impact of tariffs,international trade policy
India had asked the United States not to allow reporters to ask questions during Prime Minister Narendra Modi’s meeting with President Donald Trump on the sidelines of the G7 summit in France in June, US Ambassador to India Sergio Gor said on Saturday
8 hours ago
Former Australian captain Greg Chappell with the support of 20 other former international skippers appealed to the Pakistan Government led by Prime Minister Muhammad Shehbaz Sharif, to provide ‘humane treatment and proper medical care’ for Imran Khan
11 hours ago
The shock resignation of Tata Sons chairman N Chandrasekaran earlier this month has left corporate India's top job vacant. But finding his successor will be no easy task for the country's most revered conglomerate, whose sprawling $300bn empire spans Jaguar Land Rover and Air India as well as
11 hours ago
Iran's President Masoud Pezeshkian defended a memorandum of understanding with the United States as the best way out of a stalled war. Meanwhile, the new head of the Islamic Republic's top security body warned, in a more forceful tone, of retaliation if neighbouring countries support U.S
11 hours ago
Authorities in China have launched an investigation into reports of formaldehyde being used to preserve the freshness of cabbages for human consumption. Officials in the northeastern Hebei province confirmed that they had verified footage showing individuals dipping cabbages in a solution before
11 hours ago
Three newborns died after a fire that broke out in the neonatal intensive care unit of a government hospital in Maharashtra’s Amravati district in the early hours of Monday, PTI reported. The fire broke out at the Amravati District Women’s Hospital around 3
11 hours ago
Imran's party demands immediate cardiac care for him at Shifa International Hospital Imran's party demands immediate cardiac care for him at Shifa International Hospital Published on: Aug 24, 2026, 11:10:49 IST PTI Prefer HTon Google Share via Copy link Islamabad
11 hours ago
Japanese Prime Minister Sanae Takaichi’s three-day visit to New Delhi in July 2026 for the India-Japan summit appears to have elevated relations between the two Asian countries into a fresh phase of strategic expansion. Ties had already undergone a remarkable transformation over the past decade
11 hours ago
How well do COVID antivirals actually work? Not as well as we thought How well do COVID antivirals actually work? Not as well as we thought Published on: Aug 24, 2026, 11:11:50 IST PTI Prefer HTon Google Share via Copy link Sydeny, If you're aged over 70
11 hours ago
On Sunday, in a post on X, Wali said the audio contained "explosive evidence" and claimed that Brar admitted his gang had ordered Nijjar's killing, alleging that the assassination was driven by an inter-gang feud. Ottawa: Three years after NIA designated terrorist Hardeep Singh Nijjar was killed in
14 hours ago
Until recently, there would have been little to distinguish Vietnam's so-called Justice Tree from the hundreds of others lining the streets of Hanoi. Then the bouquets started piling up. It was here that former politician Nguyen Sy Cuong was driving his BMW in May last year when he veered into the
14 hours ago
Fast-fashion giant Shein says it plans to raise up to HK13.86bn (£1.3bn; $1.77bn) when its shares start trading on the Hong Kong stock market on 1 September. In a filing on Monday, Shein said it will offer nearly 280 million shares for between HK$47.60 and HK$49.50
14 hours ago
A fast-moving, wind-driven wildfire near Reno, Nevada, has forced about 42,000 people to evacuate, while another 45,000 have been urged to prepare to leave. The Hawk Fire has burned 15,040 acres, destroyed some homes and injured six people. Officials declared a state of emergency as the blaze
14 hours ago
Former Indian diplomat Navdeep Suri has raised concerns about the verification process under the Special Intensive Revision of electoral rolls. Suri, a retired Indian Foreign Services officer, went through the process in Punjab. It is among the 16 states where the voter roll revision is being
14 hours ago
A moderate earthquake with a preliminary magnitude of 5.9 rattled eastern Japan, including the Tokyo area, early Sunday (August 23, 2026), injuring more than 20 people, most of them slightly, officials said. There was no danger of a tsunami. According to the Japan Meteorological Agency
1 days ago
Chinese humanoid robots broke records set by humans, including beating Usain Bolt’s 100-meter sprint world record, on the opening day of the Olympics-like World Humanoid Robot Games in Beijing on Saturday (August 22, 2026). More than 2,000 humanoid robots were participating in the event
1 days ago
One afternoon in 1907, a young accountant named Chandrasekhar Venkata Raman walked into the laboratory of the Indian Association for the Cultivation of Science at 210 Bowbazar Street in Calcutta. Though he had a passion for the sciences, colonial India offered no stable careers in the field
1 days ago
Three first information reports were filed against 14 identified and more than 200 unidentified persons on Saturday in connection with clashes between the police and student protesters a day earlier, PTI quoted Ranchi Superintendent of Police Paras Rana as saying
1 days ago
Did an Amazon delivery guy assault a 71-year-old man in California? What we know about the attack and lawsuit A California lawsuit alleged that an Amazon delivery driver assaulted a 71-year-old man at an Elk Grove gas station. Updated on: Aug 23, 2026
1 days ago
‘Pure evil’: Videos of mothers splashing water at their kids spark outrage amid Lindsay Clancy trial Social media videos of mothers throwing water at their children have sparked concerns amid Lindsay Clancy's trial. Published on: Aug 23, 2026
1 days ago
The sister of jailed former Pakistan Prime Minister Imran Khan on Saturday (August 22, 2026) filed a petition in the Supreme Court, accusing the government and senior officials of violating the top court’s order to shift him to a private hospital for medical examination and treatment
1 days ago
The United States and Canada have entered into uncharted territory. The longtime allies and economic partners, who have enjoyed free trade for decades, are now in an escalating trade war with no clear off ramp. And for Prime Minister Mark Carney
1 days ago
Harrisburg weather update: Special Weather Statement issued for central Pennsylvania as thunderstorms bring 40mph wind NWS has issued a Special Weather Statement for Harrisburg and surrounding parts of central Pennsylvania. Published on: Aug 23, 2026
1 days ago
The police in Maharashtra’s Latur have registered a first information report against Abhijeet Dipke, the founder of the Cockroach Janta Party political campaign, for allegedly entering a government school without permission, threatening teachers and defaming the institution
1 days ago
The United States and Iran exchanged defiant messages ahead of Monday’s (August 24, 2026) scheduled announcement of new U.S. economic sanctions that could impact the Islamic Republic and Tehran’s most important trading partners including China
1 days ago
Fourteen people were killed in military air strikes at a monastery in Myanmar early on Friday, opposition fighters and a local rescue worker have said. All of those killed were elderly and a number of monks were also injured, the rescue worker told BBC Burmese, adding that the site was struck twice
1 days ago
The Armed Forces Tribunal on Thursday upheld an administrative censure for a brigadier who was commanding a sector of the Rashtriya Rifles in Jammu and Kashmir’s Poonch district in December 2023 when three civilians died during an interrogation following a militant attack
1 days ago
