{
}
President Trump's new tariff plan is disrupting the bitcoin mining sector, particularly in Asia, with a minimum 10% tariff on all exporters starting April 5, and additional levies on Thailand and Malaysia. Bitcoin mining firms, like Luxor Technology, are racing to ship thousands of machines to the US before the tariffs take effect, while US-listed companies face stock drops. The tariffs on key components are expected to increase capital expenses for North American miners amid a cooling market.
Elon Musk has largely remained silent on Donald Trump's newly announced tariffs, which impose a 10% levy on all countries and higher rates on those with larger trade deficits. Despite his vocal support for Trump’s policies, Musk's absence from the announcement event and minimal engagement on the topic suggest a desire to distance himself from an unpopular agenda, especially as his fortune has dropped significantly amid market turmoil linked to the tariffs.The tariffs are expected to negatively impact Musk's companies, including Tesla and SpaceX, which rely on global supply chains. Tesla's stock has fallen 14% since the announcement, while SpaceX's valuation has also declined, reflecting investor concerns over the economic fallout from the tariffs.
Huawei Thailand Partner Summit 2025 attracted over 800 partners from 300 companies, focusing on collaboration for a digital and intelligent future. The event highlighted Huawei's commitment to enhancing partnerships and accelerating the transition to AI-driven solutions across various industries. Key executives emphasized the importance of a robust partner ecosystem to tackle challenges in technology and business transformation.
U.S. GDP growth is projected to be below 1% for the year, with tariffs potentially adding 2 percentage points to consumer prices, prompting the Federal Reserve to consider rate cuts of 75 to 100 basis points in 2025. European growth may slow by 50 to 100 basis points due to tariffs, while retaliatory measures could create short-term inflationary pressures, though the long-term effect is expected to be disinflationary. In Asia, growth is anticipated to drop to 4.0% or less in 2025, particularly affecting trade-driven economies like North Asia, Thailand, Malaysia, and Singapore.
Southeast Asian nations are grappling with economic challenges due to high US tariffs imposed by President Trump, ranging from 32% to 49%. Vietnam faces a 46% tariff, leading to a 6.7% drop in its stock index, while Thailand's GDP could shrink by 3% under a 37% tariff. Cambodia's garment and footwear industries are severely impacted by the highest tariff at 49%, and Malaysia, facing a 24% tariff, is seeking negotiations without retaliation.
Asian economies are likely to prioritize negotiation over retaliation in response to U.S. tariffs, with GDP forecasts expected to decline. India is reportedly advancing in negotiations, while the RBI may cut rates by 25 bps, influenced by a projected moderation in CPI inflation. Barclays anticipates further rate cuts, potentially settling at 5.5%.
YouTube has launched a shopping affiliate program in Singapore in partnership with Shopee, allowing creators to tag products in their videos and live streams for seamless purchases. This initiative offers new monetization opportunities for creators and expands Shopee's audience reach. Video commerce is rapidly growing in Southeast Asia, with significant success already seen in neighboring countries.
Thailand’s Gulf Development, led by billionaire Sarath Ratanavadi, debuted on the stock exchange on April 3 after merging Gulf Energy Development and Intouch Holdings Pcl. The new entity opened with a market valuation of 736 billion baht (approximately US$21.4 billion), reflecting a 13% drop from the pre-merger value. Despite economic challenges, including a 36% US tariff and the impact of a 7.7-magnitude earthquake in Myanmar, the stock rose 1% in early trading. The merger combines power, infrastructure, and LNG operations with telecom assets, positioning the company for growth in sectors like AI and data centers.
The US dollar weakened on April 3 after President Trump announced new tariffs on imports, set to take effect on April 9, imposing a 10% baseline levy on goods from 60 countries. This move raised concerns about a potential global economic slowdown, leading to declines in global stocks and increased demand for bonds and gold. The dollar index fell to 102.98, its lowest since October, reflecting a 4% decline this year, while Asian currencies struggled, with China's yuan hitting its weakest levels in months.
Southeast Asia's logistics sector is experiencing a funding lull, yet greentech firms are attracting early-stage investments, signaling potential recovery. Cainiao has launched a major automated sorting center in Vietnam, integrating advanced technology to enhance parcel tracking, while navigating fierce competition from local players and ecommerce platforms. As Chinese logistics firms seek growth in the region, their strategies may involve collaboration with local companies rather than direct competition.
THA
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tariffs disrupt bitcoin mining supply chains and raise costs for companies
06:15 06.04.2025
spacex faces challenges as tariffs impact operations and valuation
United States Dollar
Wistron NeWeb Corporation
Chin-Poon Industrial Co., Ltd.
SpaceXCoin USD
Shenmao Technology Inc
Universal Microwave Technology, Inc.
Tesla, Inc.
THA
VNM
USA
Elon Musk
Donald Trump
Marco Rubio
Dan Ives
JD Vance
Chuck Schumer
Show more
20:47 04.04.2025
huawei partners with thai industry for digital transformation and ai innovation
Huawei Technologies CO. Ltd.
SVOA Public Company Limited
MFEC Public Company Limited
THA
CHN
Siriwat Vongjarukorn
William Zhang
Eric Li
Sheldon Wang
Show more
19:52 04.04.2025
global economic outlook impacted by trade war and tariffs
10:25 04.04.2025
southeast asia faces economic turmoil from us tariffs under trump administration
03:17 04.04.2025
asian economies may prioritize negotiation over retaliation amid us tariffs
Thai Baht
Indonesian Rupiah
United States Dollar
Indian Rupee
iCRAFT Co., Ltd.
Barclays PLC
IND
THA
Aditi Nayar
Donald Trump
16:44 03.04.2025
YouTube launches shopping affiliate program with Shopee in Singapore
10:50 03.04.2025
Thailand's Gulf Development launches on stock market with 21.4 billion valuation
Thai Baht
Advanced Info Service PCL
Gulf Energy Development Public Company Limited
Intouch Holdings PCL
THA
MMR
Sarath Ratanavadi
Show more
09:18 03.04.2025
us dollar declines as trump announces new tariffs on imports
Chinese Yuan
Malaysian Ringgit
South Korean Won
Japanese Yen
Swiss Franc
Apple Inc.
MEX
CHN
MYS
USA
THA
CAN
KOR
Donald Trump
Ursula von der Leyen
Show more
09:00 03.04.2025
southeast asia logistics sector sees growth amid competition and funding challenges
Thai Baht
Indonesian Rupiah
Vietnamese Đồng
United States Dollar
IDN
CHN
VNM
SGP
MYS
THA
Simon Cowell
Jofie Yordan
Show more
09:00 03.04.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: