Seoul, May 10 (IANS) South Korean Industry Minister Kim Jung-kwan met US Commerce Secretary Howard Lutnick and other senior American officials to discuss strategic investment projects and ways to enhance bilateral cooperation in energy, shipbuilding and other key sectors, the industry ministry said on Sunday.During a four-day visit to Washington, Kim met with Lutnick and explained South Korea’s progress in drafting follow-up regulations and establishing an implementation framework following the …
Latest Howard Lutnick News & Updates
Washington, April 24 (IANS) US Commerce Secretary Howard Lutnick said on Friday that “trillions of dollars of capital investment are pouring into America”, as he appeared before Congress and faced criticism over tariffs, job losses and proposed programme cuts. Testifying before the House Appropriations Subcommittee, Lutnick added that the US remains “the strongest and most resilient in the world”.He pointed to a surge in manufacturing and energy investments as evidence of a broader industrial re…
Washington, April 24 (IANS) US President Donald Trump announced sweeping agreements with major pharmaceutical companies to lower prescription drug costs, calling it “the biggest cut in drug prices in the history of our country.”Speaking at the White House, Trump said one of the leading firms, Regeneron, had agreed to offer medicines at “most favoured nation prices,” adding that “the numbers will come down at levels that nobody’s ever seen before.”“With this announcement, 17 of th…
Washington, April 8 (IANS) US Ambassador to India Sergio Gor met US President Donald Trump in Washington and discussed the future trajectory of India-US relations, along with what he described as the American President’s “unwavering determination to bring global stability”.Taking to X, Gor shared details of the interaction, stating, “Just had an outstanding dinner with President Trump. We discussed his unwavering determination to bring global stability, the historic achievements of his pre…
Washington, April 7 (IANS) U.S. Ambassador to India Sergio Gor met Commerce Secretary Howard Lutnick to advance bilateral trade and technology ties ahead of a scheduled White House dinner with President Donald Trump at the White House, signalling fresh momentum in the U.S.-India partnership. “Productive meeting with Secretary @HowardLutnick on the U.S.-India commercial roadmap,” Gor said.“We discussed a new MoU connecting India’s AI scale with the American AI ecosystem, strong Indian par…
Washington, April 1 (IANS) US President Donald Trump signed an executive order aimed at tightening election procedures, focusing on voter rolls and mail-in ballots, which he said would help “secure elections in the future.”Announcing the order at the White House, Trump described it as addressing “voter integrity and mail-in ballots and stopping the massive cheating that’s gone on.”White House Staff Secretary Will Scharf said the order targets what he called two major concerns: “inaccur…
Seoul, March 8 (IANS) Industry Minister Kim Jung-kwan said on Sunday he has been told the United States is not likely to hike tariffs on South Korea if the National Assembly passes a special bill on Seoul’s $350 billion investment pledge to the US.Kim made the remarks upon arrival after visiting the U.S. to meet with Commerce Secretary Howard Lutnick to discuss tariff and bilateral trade issues following U.S. President Donald Trump’s threat in January to hike “reciprocal” tariffs and other dutie…
Seoul, March 7 (IANS) South Korea’s industry minister and trade chief visited the United States this week to coordinate responses to tariff issues and other pending trade matters between Seoul and Washington, the industry ministry said on Saturday.Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo met separately with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer on Friday (U.S. time) to discuss pending bilateral trade issues.The visit was arrange…
Washington, Feb 27 (IANS) Democratic Senators have questioned US Commerce Secretary Howard Lutnick over a $1.6 billion rare-earth minerals deal, warning that the arrangement could benefit his immediate family and his former firm, Cantor Fitzgerald.In a February 25 letter, Senators Elizabeth Warren, Ron Wyden, and Chris Van Hollen said the agreement brokered by the Department of Commerce with USA Rare Earth, Inc. (USAR) “could enrich your immediate family.”“This follows in a long string of …
New Delhi, Feb 26 (IANS) Union Commerce and Industry Minister Piyush Goyal on Thursday said he held ‘very fruitful discussions’ with US Secretary of Commerce Howard Lutnick and US Ambassador to India Sergio Gor to expand trade and economic ties between the two countries.In a post on social media platform X, Goyal said he hosted the US Secretary of Commerce and the US Ambassador in India and engaged in meaningful talks aimed at strengthening bilateral trade and economic partnership.He highlig…