Exporters hit by tariffs would receive financial assistance and be encouraged to diversify to markets such as China, Latin America and the Middle East

However, disputes between banks and fintechs have fueled doubts about the future of open banking.

Southeast Asia's second-largest economy is heavily reliant on international trade

The current round of negotiations for the proposed bilateral trade agreement is now likely to be deferred to another date

Oil prices closed down nearly $1 on Friday as traders awaited talks between US President Donald Trump and Russian leader Vladimir Putin, which could lead to an easing of the sanctions imposed on Moscow over the war in Ukraine.

US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so far appear to have significantly battered consumers.

China’s retail sales and industrial production grew at a slower rate than expected last month, official data showed Friday, as the world’s number two economy battles trade turmoil and persistent sluggish consumption.

Efforts to quantify US President Donald Trump’s tariff hit on automakers feel like a bad joke. Japan’s Toyota Motor and Honda Motor now expect more than a $12.5 billion impact combined for the year.

The commerce department has started issuing licenses to Nvidia to export its H20 chips to China, a US official told Reuters on Friday, removing a significant hurdle to the AI bellwether’s access to a key market.

With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs, Trump has found a novel, but risky, use for his favorite trade tool.

Trading partners have largely refrained from retaliatory tariffs, sparing the global economy from a more painful tit-for-tat trade war.

Gold rose on Thursday as steep tariffs imposed by US President Donald Trump took effect, boosting safe-haven demand and intensifying trade frictions.

China is the world's biggest importer of shrimp by volume, but Indonesians have preferred to sell to the US where they could get better prices, Budhi said.

Trump's latest salvo brings duties on various Brazilian goods from 10 percent to 50 percent

New Delhi is now left with the surprise imposition of a 25% tariff on Indian goods from Friday

If stock markets are to be believed, Donald Trump has pulled off a masterstroke. The US president has ratcheted up tariffs on trading partners while avoiding tanking either the economy or asset prices. Yet investors’ muted response to Thursday’s latest levies may be misleading. The Trump-market truce will soon face steeper tests.

The tariffs will compel foreign producers to lower their prices. But these price decreases only partially offset the cost of the tariffs, so US consumers pay higher prices.

Global markets reeled Friday after President Donald Trump’s tariffs barrage against nearly all US trading partners as governments looked down the barrel of a seven-day deadline before higher duties take effect.

Donald Trump is staking his reputation as a tough negotiator and slick dealmaker -- that has served him well throughout his life -- with his ultra-muscular, protectionist tariffs policy.

Reuters could not immediately verify the report.