Ritsuko Ando

Tokyo

Senior Editor at Bloomberg News

Senior Editor for @business in Tokyo. Former Reuters editor and correspondent in Tokyo, New York and Helsinki. Opinions are my own.

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Articles

Trump’s Tariffs Are Dragging Down Global Growth, OECD Warns

3 weeks ago | bloomberg.com | Ritsuko Ando

US President Donald Trump’s combative trade policies are hurting global economic growth, with the US among the hardest hit, according to the OECD. The Paris-based organization slashed its outlook for the second time this year, forecasting global growth to slow to 2.9% from 3.3% in 2024, suggesting the world is heading for its weakest growth since the global pandemic.
Trump’s Global Tariffs Are Ruled Illegal by US Trade Court

1 month ago | bloomberg.com | Ritsuko Ando

A US court blocked President Donald Trump’s global tariffs, deeming them illegal and plunging his chaotic trade policy into deeper confusion. The panel of judges at the US Court of International Trade sided with Democratic-led states and businesses that accused Trump of wrongfully invoking an emergency law to justify his levies. While it’s set to be appealed, the ruling — one of the biggest legal setbacks for the Trump administration — is likely to embolden those who want the tariffs rolled back.
Trump Says India Offered Deal to Drop All Tariffs

1 month ago | bloomberg.com | Ritsuko Ando

President Donald Trump said India has offered to drop tariffs on US goods. Coming on the heels of deescalation with China and a series of US deals in the Middle East, this suggested the US may be making more headway in its trade negotiations.
Trump Says India Offered Deal to Drop All Tariffs

1 month ago | flipboard.com | Ritsuko Ando

Now Trump says he doesn't want Apple building products in India: 'I had a little problem with Tim Cook' U.S. President Donald Trump on Thursday said he told Apple CEO Tim Cook that he doesn't want the tech giant to build its products in India, taking … 3 hours ago India to re-assess billion-dollar infra, aviation deals with Turkey amid strained ties Turkey's stance has sparked nationwide calls in India to boycott goods from Turkey and avoid travelling to the country with tourism already...
US-UK Trade Pact Is Expected After Trump Flags a ‘Major Deal’

1 month ago | bloomberg.com | Ritsuko Ando

The US is expected to announce a trade agreement with the UK shortly, according to people familiar with the matter, a move which could make Britain one of the first to make a deal with President Donald Trump. After Trump teased the announcement in an all-cap post on social media, stock-index futures and Asian shares rose while the pound extended gains.
US-UK Trade Pact Is Expected After Trump Flags a ‘Major Deal’

1 month ago | flipboard.com | Ritsuko Ando

NowPresident Trump previously dismissed critics asking about how many deals he has brokered, after he paused plans for some tariffs last month to allow for negotiations. President Donald Trump said early Thursday he is to sign a trade deal with Britain that will be America's first since he announced …
China Demands US Drop All Unilateral Tariffs and Denies Talks

2 months ago | bloomberg.com | Ritsuko Ando

China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal. He Yadong, spokesman for the Ministry of Commerce, also urged the US to “show sincerity” if it wants to make a deal. The remarks suggest that Trump’s comments this week signaling that he could lower tariffs on China — which currently stand at 145% for most goods — will not be enough to ease tensions.
Xi Calls on ‘Asian Family’ to Unite Against US Trade Pressure

2 months ago | bloomberg.com | Ritsuko Ando

Chinese President Xi Jinping called for unity among the “Asian family” during a tour of Southeast Asia, trying to deter countries from cutting trade deals with the US at Beijing’s expense. While the trip to Cambodia, Vietnam and Malaysia was planned before US President Donald Trump began his tariff war, it’s taken on greater significance as Washington prepares to ask countries to take measures, including so-called secondary tariffs, on Chinese goods.
Asia Joins Wall Street Celebration of Trump’s Tariff Pause

2 months ago | bloomberg.com | Ritsuko Ando

Asian stock markets surged, joining Wall Street’s celebration of a 90-day pause in tariffs by President Donald Trump. Japan’s Topix Index jumped 8% while shares in Taiwan, particularly dependent on tech exports to the US, surged over 9%. Treasuries rallied after a tumultuous session. Even in China, excluded from the tariff reprieve and hit with an even bigger hike in duties, stocks rose on expectations for Beijing to implement more stimulus measures.
China Holds Off Deals With Li Ka-shing After Panama Ports Deal

Mar 27, 2025 | bloomberg.com | Ritsuko Ando

There was never a question that CK Hutchison’s sale of its Panama Canal port assets to a BlackRock-led consortium might face backlash from China. The deal helped its owner, Hong Kong billionaire Li Ka-shing, escape the glare of the US President Donald Trump who’d threatened to take over the Panama Canal and falsely claimed that China operates the waterway. Sure enough, Li’s decision to pursue the sale without seeking Beijing’s approval irked China.

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