Trump says to sign order on reciprocal tariffs today or tomorrow

13 Sept 23:43 Key points summarised by AI

President Trump committed to signing an order for "reciprocal tariffs," aiming to match the tariff rates other countries impose on US products.
Analysts warn that these reciprocal duties could lead to broad tariff hikes, potentially impacting emerging markets like India and Thailand.
The announcement follows Trump's earlier imposition of sweeping levies on steel and aluminum imports, with potential for tariffs on Canadian and Mexican goods to stack up to 50% if current exemptions expire.
Despite the tariff plans, discussions continue with trading partners like Canada and Mexico regarding economic deals and trade measures.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.