India’s apparel and home textiles trade with the United Kingdom is poised for significant growth, with volumes expected to double over the next five to six years, driven by the recently concluded Free Trade Agreement (FTA) between the two countries, as per a report by credit rating agency ICRA. The FTA is expected to be…
WASHINGTON — A trade deal with the United Kingdom announced by the White House on Thursday marked the first of its kind since President Trump launched sweeping global tariffs last month, offering a glimpse into the Trump administration’s negotiating strategy as it seeks to reset terms with trading partners around the world. The agreement, hailed by Trump…
HONG KONG — U.S. President Donald Trump’s administration has significantly expanded the trade blacklist it inherited from the previous Joe Biden team, aiming to further constrict China’s capabilities to develop artificial intelligence and advanced computing, as well as direct military technologies like hypersonic missiles. The Bureau of Industry and Security (BIS) of the U.S. Commerce…
GUANGZHOU — The Chinese government is poised to intensify trade restrictions on technology used to make materials for electric vehicle batteries and semiconductors in a bid to maintain its competitive advantage against the U.S. The new curbs will apply to production technology for gallium, an element used to make semiconductors, and cathode materials for lithium-ion…
Trump looking at tariffs on semiconductors, drugs, steel US President Donald Trump said he is considering potential tariffs on semiconductors, pharmaceuticals and steel at the House Republican Conference at Trump National Doral in Miami, Florida. Bloomberg As President Donald Trump on Thursday contemplated extending a global trade war to imports from Europe, the health-care industry…
Canadian, Mexican and American industries react as tariffs take effect North Americans in the auto, agriculture and toy industries shared their reactions to new tariffs. WASHINGTON ― President Donald Trump on Thursday said Mexico won’t be required to pay tariffs on any goods that fall under the United States-Mexico-Canada Agreement on trade, but he did…
Kanishka Singh and Jasper Ward | Reuters How Trump’s tariffs will effect everyday prices With new tariffs on imports, several everyday goods are likely to become more expensive for American consumers. Cars and auto parts, many of which are produced through an integrated North American supply chain, will see price increases as manufacturers adjust to…
President Trump talks 25% tariffs to Mexico, Canada beginning March 4 As for an increase to China tariffs, Trump said “It depends on what they do with their currency. It depends on what they do in terms of retaliation.” Reuters President Donald Trump’s 25% tariffs on Mexican and Canadian imports, along with an additional 10%…
WASHINGTON — The recent U.S. decision to tighten export controls on advanced semiconductors was driven by a fear that China could use artificial intelligence and advanced computing to alter the nature of future warfare, according to analysts. Those concerns have been accentuated by the use of AI in the Gaza and Ukraine conflicts, including Ukrainian drones identifying and…
US president-elect Donald Trump is expected to broaden usage of export-control tools including the foreign direct-product rule against China, possibly generating more friction with American allies, economic analysts warned on Thursday. The incoming Trump administration may want a “much broader decoupling” with China and is “prepared to bear costs” associated with such an act, including…