New Delhi, April 19 (IANS) A team of around a dozen Indian officials is set to arrive in Washington, D.C. on April 20 for a three-day round of negotiations with US authorities, marking the next step in discussions on the first phase of a proposed bilateral trade agreement (BTA). The talks, scheduled from April 20 to 22, will be led by India’s chief negotiator Darpan Jain, an additional secretary in the Department of Commerce, along with representatives from the customs department and the exter…
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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…
Washington, April 17 (IANS) The United States has identified tariff barriers in India as a key priority in ongoing trade negotiations, with US Trade Representative Jamieson Greer telling lawmakers that Washington is pressing for improved market access for American exports.Speaking at a congressional hearing on the fiscal 2027 budget for his office, Greer said the US has been engaged with India for over a year to finalise a reciprocal trade framework, with agriculture emerging as a central point …
Washington, April 14 (IANS) The global economy has taken a hit from the ongoing conflict in the Middle East, with growth projections lowered despite strong underlying momentum driven by technology investment and private sector resilience, the International Monetary Fund (IMF) said Tuesday.Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has reversed earlier expectations of a mod…
Bogota, April 11 (IANS) Colombia’s trade ministry said that it will raise tariffs on imports from neighboring Ecuador to 100 per cent from 30 per cent, matching a decision made a day earlier by Quito, as tensions between the two countries escalate.Trade Minister Diana Morales said on Friday in a statement that Ecuador’s latest tariff hike from 50 per cent to 100 per cent forced Colombia to align its policy, accusing the Quito move of distorting competition and harming domestic producers of both …
Washington, April 8 (IANS) US President Donald Trump on Wednesday announced what he called a “very productive regime change” in Iran, saying the US would eliminate uranium enrichment and work to dig up and remove deeply buried nuclear “dust”. In a series of posts, Trump outlined a framework that combined nuclear restrictions, sanctions relief and sharp trade penalties.“The United States will work closely with Iran, which we have determined has gone through what will be a very productiv…
Washington, April 3 (IANS) US President Donald Trump signed a sweeping proclamation imposing steep tariffs on imports of steel, aluminium and copper, tightening trade controls in the name of national security.The order mandates that tariffs apply to the “full customs value” of imported metal products and their derivatives, closing what the administration described as loopholes in earlier measures.The move builds on earlier Section 232 actions, under which the US had already determined that r…
Washington, March 28 (IANS) US President Donald Trump said he plans to visit China soon, highlighting his strong personal relationship with President Xi Jinping while emphasising that the United States continues to compete with Beijing on trade and economic policy.Speaking at the Future Investment Initiative summit in Miami, Trump said he maintains a close relationship with Xi. “I get along really well with him,” he said, citing cooperation on issues including a deal involving TikTok.Trump s…
Amaravati, March 25 (IANS) In a major relief to electricity consumers across Andhra Pradesh, the Andhra Pradesh Electricity Regulatory Commission (APERC), on Wednesday, approved no increase in electricity tariffs for 2026–27. The state government said that the APERC’s decision reaffirms its commitment to protecting households, farmers, and small businesses from rising power costs.The Commission’s order also includes the true-up/down and performance review of DISCOMs for 2024–25, following an…
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…