United States Trade

US continues to exploit other economies for their benefit: Vladimir Putin

Addressing the VTB Investment Forum in Moscow on Wednesday, Putin said that the opponents of the US did a lot to undermine the fundamental basis of dollar as their international reserve currency

US commerce dept expands list of Chinese firms subject to export controls

The US Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called entity list are nearly all based in China. But some are Chinese-owned businesses in Japan, South Korea and Singapore. The revised rules were posted Monday on the website of the U.S. Federal Register for publication later this week. They also limit exports of high-bandwidth memory chips to China. Such chips are needed to process massive amounts of data in advanced applications such as artificial intelligence. China's Commerce Ministry protested and said it would act to protect its rights and interests, without giving any details. This is a typical act of economic coercion and non-market practice, the ministry said in a statement. Commerce Secretary Gina Raimondo said the move was intended to impair China's ability to use advanced ..

US retailers rush holiday imports, fearing strikes & disruptions in Red Sea

Container imports and freight rates surged in July, signaling an earlier-than-usual peak season for the ocean shipping industry that handles about 80 per cent of global trade

US investigators retrieve 737 MAX jet panel, Boeing shares sinks pre-market

A door plug tore off on Friday following takeoff from Portland, Oregon, en route to Ontario, California, depressurizing the plane and forcing pilots to turn back

India-US forum to discuss import monitoring system for laptops, PCs

The US has sought clarification once again even as India cited national security concerns as a rationale behind its August 2023 decision

RoDTEP does not violate WTO principles, India to convince US: Official

The RoDTEP scheme came into effect three years ago to refund the embedded non-creditable central, state, and local levies paid on inputs to exporters

India-US Trade Policy Forum meeting likely to be held next month

The TPF is the premier bilateral forum for discussion and resolution of trade and investment issues between the US and India

Govt seeks to allay concern over 'retaliatory' duty cut on US apples

In fact, the move will result in competition in the premium market segment, ensuring better quality at better prices for consumers

Exports saw sharp fall on decline in US and UAE share, shows govt data

Shipments to six of top 10 markets saw a decline in April

Protection of intellectual property rights: US retains India on watchlist

To be subject to intense bilateral engagement along with six other countries on the list

US trade deficit widens for a third month in February to $70.5 Billion

The gap in goods and services trade grew 2.7% to $70.5 billion, the widest in four months, Commerce Department data showed Wednesday

India likely to join IPEF's first negotiating round next month in Brisbane

Shall be part of non-trade discussions in Brisbane on Dec 10-15

Top US regulators say cryptocurrency poses financial stability risks

Top regulators on Monday recommended a series of new safeguards to ensure that a growing and unregulated cryptocurrency market doesn't imperil US financial stability. Among seven major recommendations, regulators called on Congress to pass legislation that would address the systemic risks caused by the growth of stablecoins, which are a form of cryptocurrency pegged to the price of another financial asset, like the US dollar or gold. Recent volatility in the cryptocurrency market, especially in stablecoins, has made regulators particularly wary about the need for regulation as usage of the digital asset continues to grow. Members of the Financial Stability Oversight Council met on Monday to approve the recommendations of a 125-page report created in response to President Joe Biden's March executive order on digital assets. The report also calls for giving agencies greater regulatory power over cryptocurrencies and digital assets. The oversight council is an interagency group heade

US, development banks unveil plan to ease food crisis caused by Ukraine war

Ahead of the G7 finance ministers' meetings, the global development banks and other groups unveiled a multi-billion dollar plan meant to address food security crisis exacerbated by Russia's war

Asian stocks join global rally, US yields cling to highs

MSCI's broadest index of Asia-Pacific shares outside Japan added 1.5% to its highest in two weeks, helped by a 3.8% gain in Hong Kong-listed tech stocks

USTR says moving to terminate India trade retaliation after tax agreement

Washington and New Delhi agreed on a global tax deal transition arrangement

India, US to look for ways to resolve market access, trade issues

India and the United States agreed to look for ways to resolve differences on issues such as market access and digital trade at the start of a two-day visit by U.S. Trade Representative Katherine Tai

Better co-ordination

US partnership needs a greater understanding of trade-offs

Washington wants 'mutually beneficial' relationship with South Korea: USTR

US Trade Representative (USTR) Katherine Tai emphasized Washington's will to strengthen a "mutually beneficial" relationship with South Korea

US Trade Representative Katherine Tai to visit India in November

Katherine Tai will travel to India next month, her office announced