Since the start of US President Donald Trump’s global trade war, Taiwanese orchid grower Lee Tsang-yu has watched tariffs on his seedlings shoot from nothing to 20 percent.But, after weathering many economic crises, the 61-year-old seasoned farmer is digging in.Lee is cultivating new markets in Thailand and expanding in Vietnam, Indonesia and Brazil, while cutting …
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India’s central bank maintained its key interest rate at 5.50 percent on Wednesday, as US President Donald Trump ramped up threats to raise tariffs on New Delhi because of Russian oil purchases.The Reserve Bank of India (RBI) kept steady the repurchase rate, the level at which it lends to commercial banks, after a unanimous vote …
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As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used — by Chinese companies or others — to circumvent them.Goods deemed to be “transshipped,” or sent through a third country with lower export levies, will face an additional 40-percent duty under an …
