As the US President says both sides are "pretty close" to a fair deal, Indian officials indicate no new round of negotiations is needed, with most issues already resolved
In case of lower US tariffs, shares from IT, gems & jewellery, shrimps and textile-related sectors are likely to benefit, believe analysts.
In September, the UK and the US signed the Tech Prosperity Deal to deepen collaboration in key technology areas including AI, quantum computing and nuclear energy
Silver holding well despite elevated yields and a firmer US Dollar is a positive sign. However, easing the silver lease rate has taken out the bullish sting to some extent
Central banks continuing to buy gold at a brisk pace despite elevated gold prices underscores the importance of holding metal in the present, uncertain political, economic, and geopolitical times
As Trump tries to rewire the global trading system, digital commerce has become another battleground for geopolitical fragmentation where US and China are jockeying for global influence
After a charm offensive in Japan that culminated in USD 490 billion in investment commitments, President Donald Trump is set to meet with South Korea's leader on Wednesday as a trade deal with that country appears more elusive. Top officials in Washington and and Seoul say the sticking point for an agreement continues to be the logistics behind Trump's demand that South Korea invest USD 350 billion in the United States. Korean officials say a direct cash injection could destabilise their economy, and they'd rather do loans and loan guarantees instead. The country would also need a swap line to manage the flow of its currency into the US. The disparity between what Trump is asking for and what South Korea can deliver threatens to overshadow the meeting between Trump and South Korean President Lee Jae Myung in Gyeongju, a historical city playing host to the annual Asia-Pacific Economic Cooperation summit. Oh Hyunjoo, a deputy national security director, told reporters that the ...
Japan is filled with tiny white trucks that farmers and commercial workers use to lug their gear along the narrow roads of a nation smaller than California. But Japanese Prime Minister Sanae Takaichi had another, more substantial truck in mind as she looked to build rapport with visiting US President Donald Trump. Takaichi, who wants to improve economic ties with Washington and cement a strong relationship with Trump, placed an enormous American Ford F-150 truck, as well as US-made Japanese automobiles, in the courtyard of the Akasaka Palace where the leaders held their first talks Tuesday. Trump is a fan of the Ford F-150 and has responded positively to reports that the Japanese government is considering buying dozens of the pickups. He has also complained that there are hardly any American cars in Japan and that the country's vehicle safety standards are too strict. But the lack of big American automobiles in Japan might be linked to more practical reasons, including local taste
Takaichi told Trump she would nominate him for the Nobel Peace Prize over his diplomatic efforts, while Trump offered the prime minister signed golf hats reading 'JAPAN IS BACK' in gold text
The pacts give Trump some clear wins, like the removal of many tariff and non-tariff barriers on US exports into those countries and pledges to spend billions of dollars on American goods
India's Ambassador to the United States, Vinay Mohan Kwatra, on Sunday discussed a mutually beneficial trade agreement, energy security and oil and gas trade with Jeanne Shaheen, Ranking Member of the Senate Foreign Relations Committee. Had a productive meeting with @SenatorShaheen, Ranking Member, Senate Foreign Relations Committee @SFRCdems. Our discussions focused on our work to arrive at a mutually beneficial trade arrangement, India's energy security and increasing oil and gas trade with the US, and shared geopolitical challenges in our region, Kwatra posted on social media. The Indian Ambassador also shared Indian Prime Minister Narendra Modi's stance on the Russia-Ukraine conflict. Also reiterated our PM's stance for peaceful resolution of conflict in Ukraine through constructive dialogue and diplomacy, Kwatra added. The meeting came in the backdrop of the proposed bilateral trade deal between India and the US, which, according to an official, is "very near" to concluding.
The United States would maintain a tariff rate of 19% on exports from all three countries under the deals, with the levy to be reduced to zero for some goods
Trump, who is in Kuala Lumpur to attend a summit of the Association of Southeast Asian Nations, signed reciprocal trade agreements with his Thai, Malaysian and Cambodian counterparts
Most issues have been resolved and talks are progressing smoothly, with the long-pending India-US trade deal expected to move to the approval stage soon
Only seasoned investors with high risk appetite and a long horizon should hold manufacturing funds within their satellite portfolios, say experts
President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical-minerals deal at the White House on Monday as the US eyes the continent's rich rare-earth resources when China is imposing tougher rules on exporting its own critical minerals abroad. The two leaders described the agreement as a USD 8.5 billion deal between the allies. Trump said it had been negotiated over several months. In about a year from now we'll have so much critical mineral and rare earth that you won't know what to do with them," said Trump, a Republican, boasting about the deal. "They'll be worth USD 2. Albanese added that the agreement takes the US-Australia relationship to the next level. This month, Beijing announced that it will require foreign companies to get approval from the Chinese government to export magnets containing even trace amounts of rare-earth materials that originated from China or were produced with Chinese technology. The Trump administration says this gives Chin
On Wednesday, Agrawal had said that India is looking for a "win-win solution" for both sides in its trade talks with the US that would also address the "tariff issue"
Commerce Secretary Rajesh Agrawal to lead delegation for India-US trade talks in Washington this week, as both sides aim to finalise the first phase of the BTA by fall 2025
Sergio Gor meets PM Modi and senior officials ahead of India's participation in the Trump-El Sisi-led Gaza peace summit, with talks focusing on trade and defence
Major US online stores have removed millions of Chinese electronics banned by the FCC, including cameras and smart watches, as part of national security measures