Washington, April 5 (IANS) Top US senators have urged President Donald Trump to block Chinese automakers from operating in the United States, warning of risks to national security and American jobs, according to a congressional press release.Senators Tammy Baldwin, Chuck Schumer, and Elissa Slotkin called for action after Trump signalled openness to Chinese firms entering the US market, saying at a forum: “Let China come in.”In a letter to the president, the lawmakers warned: “Allowing aut…
Latest Supply Chains News & Updates
New Delhi, April 4 (IANS) The government is working to ensure minimal disruption to supply chains amid global uncertainties, while remaining prepared for a potential dip in exports and imports, Commerce Secretary Rajesh Agrawal said on Saturday.Addressing the press conference on the sidelines of a ‘Chintan Shivir’ session in Hyderabad, Agrawal told the media that the initiative aims to bring together government and industry stakeholders to identify challenges and chart a clear roadmap.The offi…
Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …
Chandigarh, March 28 (IANS) As global tensions escalate in Gulf countries and disruptions in key maritime routes trigger uncertainty across markets, Punjab Chief Minister Bhagwant Mann on Saturday called on the Centre to act decisively, urging Prime Minister Narendra Modi to take responsibility and leverage India’s global relationships to safeguard the country’s economic and energy security. He cautioned that while PM Modi speaks of becoming a ‘vishwa guru’, the current trajectory ri…
Washington, March 25 (IANS) Top American lawmakers and experts have warned that the country’s heavy reliance on foreign critical minerals, especially those from China, poses a direct threat to national security, and called for urgent steps to build resilient domestic supply chains.At a House subcommittee hearing on Wednesday, Congressman Paul Gosar said the “very security of our nation relies heavily on a steady input” of minerals essential for defence systems, electronics and advanced techn…
Washington, March 22 (IANS) US Transportation Secretary Sean Duffy has warned that the ongoing conflict with Iran is pushing up fuel and travel costs, saying it is the rising cost burden that is now affecting American consumers even as supply chains remain stable.In an interview on ABC News’ This Week with George Stephanopoulos, Duffy said airlines are not facing supply shortages but are under pressure from higher fuel prices. “It is the cost, right?” he said.The warning comes as fuel pric…
Washington, March 19 (IANS) Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East. Powell on Wednesday (local time) said the Federal Open Market Committee decided to keep its policy rate unchanged because the current stance remained appropriate. He said the US economy was expanding at “a solid pace”, even as inflation stayed above ta…
Washington, March 18 (IANS) The United States is repositioning the Export-Import Bank as a “frontline economic tool,” its chief told lawmakers, underscoring a sharper push to bolster American exporters and counter global competition led by China.Testifying before a House subcommittee, EXIM President and Chairman John Jovanovic said the bank is being aligned with efforts to reindustrialise the U.S., secure supply chains, and strengthen economic security.“As many of you have noted, EXIM is o…
Washington, March 14 (IANS) A US senator has introduced legislation aimed at blocking Chinese nationals and companies linked to Beijing from handling sensitive American military freight, arguing that current laws leave a major national security loophole.Senator Tom Cotton has unveiled the Trucking Security and CCP Disclosure Act, a bill that would require strict national-security screening for companies transporting Department of War cargo and prevent firms linked to China’s military or the Ch…
New Delhi, March 13 (IANS) The US and India are moving closer to signing a key agreement on critical minerals that could significantly strengthen strategic cooperation and supply chains between the two countries, US Ambassador Sergio Gor said on Friday.Speaking at the India Today Conclave 2026, Gor said the growing engagement between the two nations reflects a deeper partnership that goes beyond conventional trade ties. His remarks come just days after the two countries agreed on a framework for…