Washington, Feb 11 (IANS) Senior US lawmakers have urged the Biden administration to close “critical gaps” in export controls on semiconductor manufacturing equipment to prevent China from gaining access to advanced chipmaking tools that could boost its military and artificial intelligence capabilities.In a bipartisan letter to Secretary of State Marco Rubio and Commerce Secretary Howard Lutnick, House Select Committee on China Chairman John Moolenaar and House Foreign Affairs Committee Chai…
Latest Howard Lutnick News & Updates
Washington, Feb 11 (IANS) The White House pushed back on renewed questions about President Donald Trump’s past ties to Jeffrey Epstein and said the administration stands firmly behind Commerce Secretary Howard Lutnick.Press Secretary Karoline Leavitt said Trump had long distanced himself from Epstein.“The president has always remained consistent and that he kicked Jeffrey Epstein out of his club at Mar-a-Lago because, frankly, Jeffrey Epstein was a creep,” she said.She added that Trump “…
New York, Feb 11 (IANS) US Commerce Secretary Howard Lutnick admitted that he and his family had lunch with the convicted sex offender Jeffrey Epstein on the latter’s private island in 2012.”I did have lunch with him, as I was on a boat going across on a family vacation,” Lutnick said during a Senate Appropriations subcommittee hearing on Tuesday. “And we had lunch on the island, that is true, for an hour.””I did not have any relationship with him. I barely had anything to do with that person,” …
Seoul, Jan 31 (IANS) South Korea’s Industry Minister Kim Jung-kwan said on Saturday that he thinks “unnecessary misunderstandings” were resolved through his talks with U.S. Commerce Secretary Howard Lutnick in Washington over renewed trade tensions this week.Kim made the remark upon his return home at Incheon International Airport in Incheon, west of Seoul, after holding meetings at the Commerce Department on Thursday and Friday (US time), which ended without reaching a conclusion, reports Yonha…
Washington, Jan 31 (IANS) South Korea’s Industry Minister Kim Jung-kwan said that his talks with US Commerce Secretary Howard Lutnick over renewed trade tensions ended without reaching a conclusion, but their understanding of each other’s positions has “deepened.”They met at the Commerce Department in Washington for the second straight day, after U.S. President Donald Trump’s threatened on Monday to raise “reciprocal” tariffs and auto duties on Korea to 25 percent from 15 percent, citing a delay…
Washington, Jan 30 (IANS) Industry Minister Kim Jung-kwan said that he and US Commerce Secretary Howard Lutnick concluded the first day of their talks over renewed tariff tension between the two countries without an agreement but they agreed to meet again the next day.Kim and Lutnick held the meeting in Washington, three days after Trump threatened to increase reciprocal tariffs and auto, lumber and pharmaceutical duties on South Korea to 25 per cent from 15 per cent, citing a delay in Seoul’s l…
Washington, Jan 28 (IANS) US President Donald Trump has said that his administration will work “something” out with South Korea after he threatened earlier this week to raise “reciprocal” tariffs and other levies on the Asian ally.His remarks raised hopes for negotiations between Seoul and Washington to address their renewed trade tension as South Korea’s Industry Minister Kim Jung-kwan is expected to visit the United States for talks with Commerce Secretary Howard Lutnick, reports Yonhap news a…
Seoul, Jan 27 (IANS) US President Donald Trump’s surprise announcement to raise tariffs on South Korea appears to be aimed at pressuring the country to swiftly carry out its investment pledge to the United States amid domestic uncertainties, including the U.S. Supreme Court’s planned ruling on the legality of the tariffs, experts here said on Tuesday.Earlier in the day, Trump said in a social media post that he is raising “reciprocal” tariffs and auto duties on South Korea to 25 per cent from 15…
New Delhi, Jan 12 (IANS) India and the US continue to be actively engaged in trade talks and the next meeting between the negotiators of the two countries is scheduled for Tuesday, America’s newly-appointed Ambassador to New Delhi, Sergio Gor, said on Monday.Addressing staffers and journalists as he took charge of the US Embassy here, Gor said that US President Donald Trump conveyed “his best wishes to his friend Prime Minister Narendra Modi.”“The friendship between Trump and PM Modi is …