US-China trade talks aim to defuse rising tensions over chip exports and critical minerals, revive Geneva truce, and ease strain on global supply chains amid signs of economic stress
US Commerce Secretary Howard Lutnick said in Washington on Monday that trade negotiations were progressing and a deal could be finalised soon
A high-level US delegation visits New Delhi to advance bilateral trade negotiations, focusing on tariff reductions, market access, and resolving disputes ahead of July 9 deadline
Ready to give New Delhi preferential access in select sectors: Lutnick
Misri is currently in the United States for a three-day visit, scheduled from May 27 to 29, during which he will meet with senior administration officials
The United States, whose dairy exports reached $8.22 billion last year, is pushing for greater access to India's dairy market, which remains shielded by high import duties and non-tariff barriers
India retaliated against some ill-considered statements and actions by the Bangladesh government by closing its land borders for import of some goods from that country
Chinese Premier Li Qiang met with Indonesia's President Prabowo Subianto on Sunday to discuss ways to expand trade and investment during the US global trade war and as economic globalisation faces headwinds. Li arrived in Indonesia's capital, Jakarta, on Saturday afternoon for a three-day visit to Southeast Asia's largest economy. It was the first stop of his first overseas visit this year. Indonesia and China are member states of the Group 20 major developing countries and emerging economies and of BRICS. Li brought 60 Chinese prominent businesspeople for his address to the Indonesia-China Business Reception on Sunday evening. He emphasised in his remarks that China's economy has achieved rapid growth this year despite increasing external challenges. The current international situation is a stalemate, Li said at the event which was also attended by Subianto, Unilateralism and protectionism are on the rise, bullying behaviour is increasing. Li noted that this year marks the 70th .
Commerce and Industry Minister Piyush Goyal has met European Commissioner for Trade Maros Sefcovic in Brussels, their second meeting within a month, to discuss the proposed free trade agreement (FTA), currently under negotiation between the two regions. Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations. The Indian minister held meetings with his EU counterpart earlier this month. "Delighted to welcome my friend and counterpart @PiyushGoyal. We continue to make progress. Let's maintain the momentum - with hard work, clear focus - and I look forward to our next meeting soon," Sefcovic said in a post on X. In response, Goyal, in a post on the social media platform, said, "We remain committed to the shared prosperity of India and the EU. Let us keep this pace going!". These deliberations assume significance as India and the 27-nation European Union are looking
The finance ministers and central bank governors focused instead on a collective call to address "excessive imbalances" in the global economy, an effort clearly aimed at China, though they didn't name
In March this year, soon after the US raised its duties on steel and aluminium, China and Canada proposed retaliatory tariffs against imports from the US
External Affairs Minister S Jaishankar's remarks came on the same day as US President Donald Trump claimed that India has proposed zero tariffs on American goods
External Affairs Minister S Jaishankar responds to US President Donald Trump's 'zero tariff' claim, stating that India-US trade talks are ongoing, complex, and far from final
The four-day discussions, scheduled from May 17 to 20, will involve key meetings with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick
Chinese Vice Premier He Lifeng said the world's two biggest economies agreed to create a mechanism for further discussions
India and Chile have finalised the terms of reference for a Comprehensive Economic Partnership Agreement (CEPA) to broaden bilateral cooperation
He Lifeng, China's Vice Premier and close ally of Xi Jinping, is set to lead crucial trade talks with the US in Switzerland amid rising tensions, as both sides face escalating tariffs
The domestic currency opened 38 paise lower at 84.82 after ending at 84.44 against the greenback on Tuesday
Trump also noted that even though the US will try to make many deals with the countries that have been hit by tariffs, in many cases, he would have to take a hard line
Trump's remarks came ahead of a Michigan rally. Speaking to reporters outside the White House, he also informed them of his plans to visit Africa and hold talks with Australian officials