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What’s Next for ASEAN in the Wake of Trump’s Tariffs?

In light of Trump’s tariffs, analysts highlight ASEAN’s risks from trade tensions but remain optimistic about the region's resilience. Singapore’s semiconductor industry stays cautious, exporters diversify suppliers and customers amid uncertainties.

VDMA opens office in Southeast Asia

With a liaison office for the ASEAN region, the VDMA aims to support European mechanical engineering in the region. Tiffany Ang has been representing the VDMA in the ASEAN region based in Singapore since January 6, 2025.

Business Climate Survey China - Results Textile Machinery

The economic data from China offers little cause for optimism: domestic consumption is growing slowly. The economic recovery is taking longer than expected. In the real estate sector, there is no hope of a short-term recovery in prices.

Inflation in Russia drives key interest rate to historic highs

On October 28, the Russian central bank raised the key interest rate to 21 percent. At the same time, it indicated that the interest rate could soon rise even higher. The reasons are high inflation and the overheated economy.

Inflation and exchange rate weigh on Turkish exporters

The following summarizes the discussions with VDMA members' branches in Turkey and with Turkish mechanical engineering companies as well as the second meeting of VDMA members in Istanbul.

Uzbekistan on the upswing

Uzbekistan's economy will grow by at least 5 percent over the next few years. Development programs and reforms are ensuring progress.

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