Jaishankar Discusses India-US Trade Agreement
New Delhi: Negotiations are ongoing regarding a trade agreement between India and the United States. Foreign Minister Jaishankar stated that these discussions are crucial, emphasizing that such agreements must be beneficial for both nations. He noted that the potential deal might boost bilateral trade to over $500 billion by 2030, encompassing a variety of goods. […]
Trump’s approval ratings experience a small increase following the trade agreement with China and the deal with the UK.
A new national poll released this week shows President Donald Trump’s approval rating for the first time since he took office. According to Reuters/IPSOS, which conducted the survey on May 12-13, Trump’s approval stands at 44%, with 52% disapproval. This reflects a slight rise compared to a national survey from late last month, indicating some […]
Wholesale prices dropped sharply in April during the trade conflict.
In April, wholesale prices experienced their most significant drop since the early days of the pandemic, coinciding with Trump’s ongoing trade war. The Producer Price Index (PPI), which tracks wholesale inflation, decreased by 0.5% from March to April. This marks the largest monthly decline since April 2020, just after the pandemic led to widespread economic […]
How Trump’s Representative in Beijing Changed from Trade Advocate to China Critic
Beijing/Washington: David Perdue, the newly appointed U.S. ambassador to China, has a history rooted in world trade and a close connection to former President Donald Trump. His arrival in Beijing aims to re-establish vital communication channels between Washington and Beijing. Perdue, previously a Republican senator from Georgia, takes over this week from Nicholas Burns, a […]
The true progress in U.S.–China trade discussions goes far beyond tariffs.
The US and China have recently come to an agreement that involves reducing tariffs over a 90-day period. Financial analysts have welcomed this decision, noting a subsequent recovery in stock markets. While much attention was focused on the immediate effects of these new tariffs, the more significant developments have gone largely unnoticed. In a quieter […]
Dollar fluctuates amidst uncertainty regarding trade agreements; attention on South Korean won.
Dollar Weakens Amid Trade Uncertainty TOKYO (Reuters) – The dollar slipped on Thursday during a chaotic week marked by the discovery of a US-China tariff ceasefire. There are speculations suggesting that Washington might be aiming for a weaker dollar to boost profits in Korea. Asian currencies have seen renewed volatility as investors digested the news […]
Trump’s Drug Price Strategy and the Pharmaceutical Trade Conflict
Trump’s Drug Price Orders Challenge Foreign Free-Riding For many years, American consumers have faced some of the highest drug prices globally. The government has opted not to engage in negotiations. In contrast, other nations have instituted strict price caps and demanded significant discounts from pharmaceutical companies, while the US has permitted drug manufacturers to set […]
PM Keir Starmer Commends “Historic, Fantastic” Trade Agreement With India in Parliament
London: This past Wednesday, the British Prime Minister celebrated what he described as a “fantastic” Free Trade Agreement (FTA). During a recent Prime Minister’s Question Session held in the House, he highlighted the achievements of the Labour Government in finalizing FTA negotiations with India the previous week, while criticizing the Conservative Party for not challenging […]
CFTC commissioner departing the agency to lead a cryptocurrency trade organization
Summer Mersinger, a commissioner with the Commodity Futures Trading Commission (CFTC), has announced her departure from the agency to become the CEO of the Blockchain Association. Having spent three years at the CFTC, Mersinger will replace Kristin Smith, who is transitioning to lead a new nonprofit focused on cryptocurrency. “We’re genuinely excited to have Commissioner […]
China warns UK about conditions of US trade agreement
China has accused the UK of collaborating with the US in a way that enables British companies to sideline Chinese products from their supply chains. The Chinese government has warned the UK about the implications of a recent trade agreement with the US. Last week, the UK-US trade deal was signed, offering some relief from […]