Washington, March 21 (IANS) Alarmed by China’s expanding financial footprint in South Asia, US lawmakers have pointed to mounting debt in countries like Pakistan and Sri Lanka as they pushed to strengthen American tools to compete with Beijing’s global lending.During a congressional hearing this week on the Export-Import Bank of the United States (EXIM), influential American lawmakers from both parties warned that China’s state-backed financing is reshaping economic and strategic alignment…
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Washington, Feb 5 (IANS) A leading U.S. business advocacy group on Thursday welcomed India’s participation in the inaugural Critical Minerals Ministerial here, calling it a significant step toward strengthening supply chains vital to technology, economic growth, and national security. The U.S.-India Strategic Partnership Forum (USISPF) said India’s participation, led by External Affairs Minister S. Jaishankar, marked a historic engagement hosted by U.S. Secretary of State Marco Rubio in Wash…
Washington, Feb 5 (IANS) Warning that critical mineral supply chains have become tools of political coercion, the United States (US) convened 54 countries and the European Commission to overhaul the global market for strategic minerals and rare earths.At the ministerial, the US announced the signing of 11 new bilateral critical minerals frameworks or memoranda of understanding. These include agreements with Argentina, Ecuador, Guinea, Morocco, Paraguay, Peru, the Philippines, the United Arab Emi…
Washington, Feb 3 (IANS) US President Donald Trump announced the creation of what he called the “US Strategic Critical Minerals Reserve,” describing it as the first-ever civilian stockpile of critical minerals designed to protect American industry during supply shocks.“We’re announcing the creation of the US Strategic Critical Minerals Reserve, the first ever stockpile of critical minerals that you’ve been hearing so much about,” Trump said on Monday during a signing event attended by Ca…