South African factory workers protested against the dismissal of foreign employees, arguing that their skills are vital for protecting local jobs.
South African factory workers protested against the dismissal of foreign employees, arguing that their skills are vital for protecting local jobs.
German Chancellor Olaf Scholz on Thursday slammed sweeping new US tariffs as "fundamentally wrong" as Berlin warned that the European Union could retaliate by targeting American tech titans. US duties of 25 percent on imported cars also took effect Thursday, a huge blow for German titans like Volkswagen, Mercedes and BMW, for whom the United States is a major export market.
India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" after rival competitors were harder hit by US President Donald Trump's hike in duties.
Across Asia, factory workers, directors, trade associations and analysts voiced concern Thursday that US President Donald Trump's stinging tariffs could put jobs at risk and hammer key sectors of industry. Vietnam was hammered with huge tariffs of 46 percent as part of Trump's global trade blitz, which sent shares tumbling more than seven percent in Hanoi on Thursday.
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