Stephanie Phang

3 weeks ago | bloomberg.com | Stephanie Phang

Tensions between the world’s largest economies are ratcheting up again after the tariff thaw in May. China accused the US of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate leadership call — which President Donald Trump wants to have to further bilateral talks.

1 month ago | bloomberg.com | Stephanie Phang

Nissan’s CEO Ivan Espinosa is working hard to save the struggling Japanese carmaker, which faces a $5.6 billion debt repayment wall next year. The company is seeking to raise more than $7 billion from debt and asset sales to keep operations on track, Bloomberg’s exclusive reporting shows. In addition to issuing convertible securities and bonds, including high-yielding US dollar and euro notes, Nissan also plans to take out a £1 billion syndicated loan, guaranteed by UK Export Finance.

1 month ago | bloomberg.com | Stephanie Phang

Donald Trump isn’t the only one who can claim to know the art of the deal. China’s surprisingly quick agreement with the US to wind back punitive tariff rates has put a spotlight on a negotiating team that features decades worth of technical trade experience alongside a top aide of President Xi Jinping. Vice Premier He Lifeng brought with him to Geneva a team well prepared to take on US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.

1 month ago | bloomberg.com | Stephanie Phang

Maybe this is part of the art of the deal. The Trump administration is weighing a dramatic tariff reduction during weekend talks with China to de-escalate tensions and temper the economic pain both countries are already starting to feel. People familiar with preparations for the talks, which are due to begin in Geneva on Saturday, say the US side has set a target of reducing tariffs below 60% as a first step that they feel China may be prepared to match.

1 month ago | news.bloombergtax.com | Stephanie Phang

Singapore Prime Minister Lawrence Wong won his mandate on Saturday to lead the trade-dependent city into the tariff chaos wrought by US President Donald Trump. He’ll also need to navigate the shifting demands of voters frustrated by high prices as he embarks on his first elected term as leader. It won’t be easy. Wong’s ruling People’s Action Party retained its supermajority in the May 3 election, and with nearly 66% of the popular vote, improved on its 2020 performance.