Washington, April 23 (IANS) US Trade Representative Jamieson Greer mounted a strong defence of the Trump administration’s trade policy, telling lawmakers that tariffs and aggressive negotiations were beginning to deliver tangible gains for American workers and industry.Appearing before the House Ways and Means Committee, Greer said the administration’s approach marked a decisive break from past policies that, in his view, encouraged offshoring and weakened domestic manufacturing.“We’re exp…
Latest Supply Chains News & Updates
Washington, April 18 (IANS) Former US National Security Adviser Lt Gen (rtd) H. R. McMaster said the United States and its allies must move quickly to secure critical technologies and supply chains as strategic competition with China intensifies. Speaking at a panel discussion at the Thrive 2026 conference at Stanford University, McMaster said years of globalisation had left Western economies exposed by prioritising efficiency over resilience. “We became complacent,” he said, warning that su…
Washington, April 17 (IANS) The United States is seeking a “managed” and more balanced trade relationship with China, with US Trade Representative Jamieson Greer telling lawmakers that Washington aims to reduce dependence on Beijing while avoiding escalation between the two economic powers. Testifying before a congressional panel, Greer said the Trump administration’s tariff strategy has already begun reshaping trade flows, particularly with China, which remains central to US economic a…
New Delhi, April 17 (IANS) In a move aimed at boosting strategic cooperation in the semiconductor sector, the India Cellular and Electronics Association (ICEA), in partnership with the Singapore Semiconductor Industry Association, convened a high-level industry engagement in Singapore on Friday. The meeting brought together key stakeholders from India and Singapore to deepen collaboration across the semiconductor and electronics value chain.The engagement highlighted the complementary strengths …
Seoul, April 17 (IANS) South Korea and the European Union (EU) agreed on Friday to form a strategic economic partnership to expand bilateral ties in trade and economic security amid heightened global uncertainties, Seoul’s trade ministry said.The agreement was made during the inaugural Korea-EU next-generation strategic dialogue held in Seoul to help the two sides explore deeper cooperation in trade, supply chains and technology, according to the Ministry of Trade, Industry and Resources, report…
Seoul, April 17 (IANS) South Korea and the European Union (EU) agreed Friday to form a strategic economic partnership to expand bilateral ties in trade and economic security amid heightened global uncertainties, Seoul’s trade ministry said.The agreement was made during the inaugural Korea-EU next-generation strategic dialogue held in Seoul to help the two sides explore deeper cooperation in trade, supply chains and technology, according to the Ministry of Trade, Industry and Resources. Friday’s …
Washington, April 16 (IANS) The US on Thursday called on allies to do more to secure critical maritime routes in the Gulf, saying Washington cannot be expected to shoulder the burden alone amid escalating tensions with Iran. Defence Secretary Pete Hegseth said while some regional partners had supported US efforts, many countries had failed to act when needed.”Other allies have talked a lot and haven’t done anything,” he added, referring to the response during recent hostilities.Hegseth was speak…
Washington, April 16 (IANS) The global economy is set to slow in 2026 as war-driven disruptions in energy supplies and trade routes push up prices and dent growth, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said, warning of tougher conditions if the conflict persists. “Even if the conflict is short-lived, extensive infrastructure damage and supply-chain disruptions are pushing prices up and slowing global growth down from 3.4 per cent last year to 3.1 per cent in …
New Delhi, April 13 (IANS) The government has accelerated the push for electric vehicles and strengthened domestic capabilities in critical minerals for clean energy technologies to reduce dependence on oil imports amid volatility in global prices and potential disruptions in supply chains due to the West Asia crisis, according to an official statement issued on Monday. Since the onset of the crisis, the Ministry of Heavy Industries has undertaken coordinated measures to sustain the growth of…
New Delhi, April 13 (IANS) Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Monday asserted that India is prepared for all contingencies in the wake of disruptions in the Strait of Hormuz, with swift and coordinated measures helping stabilise maritime trade operations.In a conversation with Times Now, Sonowal said the government acted quickly to minimise the impact on India’s supply chains and global trade linkages.In his first remarks following the recent tensions involv…