Explore Business Standard
Union Minister for Railway, Information & Broadcasting, Electronics and Information Technology, Ashwini Vaishnaw, participated in the Critical Minerals Ministerial meeting hosted by United States Treasury Secretary Scott Bessent on Tuesday (local time).Bessent convened a meeting of Finance Ministers at the United States Treasury to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements.In a post on X, the Secretary of the Treasury wrote, "At today's Finance Ministerial hosted by the @USTreasury, I was pleased to hear a strong, shared desire to quickly address key vulnerabilities in critical minerals supply chains. I am optimistic that nations will pursue prudent derisking over decoupling and understand well the need for decisive action."According to the US Department of Treasury, participants in the Ministerial included Treasurer of Australia, Jim Chalmers; Minister of Finance of Canada, Francois-Philippe Champagne; European
A team of officials from the US is expected to visit India next week for talks on the proposed bilateral trade agreement, sources said on Thursday. The visit is crucial as India and the US are working to finalise the first tranche of the pact. "The team is likely to come next week. Dates are being finalised, and discussions are on," said one of the sources. This visit of the US officials would be the second after the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market for buying Russian crude oil. Earlier, the team had visited on September 16. On September 22, Commerce and Industry Minister Piyush Goyal also led an official delegation to the US for trade talks. He was accompanied by the then special secretary in the ministry, Rajesh Agrawal and other officials. Agrawal is now India's commerce secretary. The USA's Chief Negotiator for the pact is Brendan Lynch. The next week's visit would be important as Agrawal h
The Trump administration said Thursday that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala. The frameworks are about increasing the ability of U.S. firms to sell industrial and agricultural products in these countries, according to a senior administration official who insisted on anonymity as a condition for briefing reporters on a call about the agreements. The White House also released statements on the frameworks, which have yet to be finalized and are expected to be signed within roughly two weeks. It's all part of a broader effort by President Donald Trump to rewrite the rules of global commerce through the use of broad tariffs. The frameworks touch on an array of subjects, including efforts to reduce nontariff barriers and cut tariffs to 0% on American-made goods as well as commitments to not impose digital services taxes on U.S. companies. There would also be tariff relief on select products from these countries. For example, import license