Washington, March 13 (IANS) The Office of the US Trade Representative (USTR) has opened investigations into 60 economies, including South Korea, China and Japan, to determine whether their governments have taken sufficient steps to ban the importation of goods produced with forced labour.The office said the investigations were initiated under Section 301 of the 1974 Trade Act, as U.S. President Donald Trump’s administration pushes to roll out new tariffs to replace the country-specific emergency…
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Seoul, March 12 (IANS) South Korea’s National Assembly on Thursday passed a special bill on South Korea’s USD350 billion investment pledge to the United States under a trade deal between the two nations, around three months after it was first introduced by the ruling party. The bill was approved during a plenary session of the Assembly with support from both the ruling Democratic Party (DP) and the main opposition People Power Party (PPP).Shortly after the bill was passed, South Korean President…
Washington, March 11 (IANS) President Donald Trump used an Oval Office interview with the All-In Podcast to showcase his redesign of the White House, defend his changes to the Rose Garden, announce plans for a new ballroom, and pivot quickly to a broader pitch on tariffs, artificial intelligence, and manufacturing. Calling it the “new and improved Oval Office,” Trump said he had personally selected paintings now hanging in the room, many of them drawn from White House vaults. “I pick…
Washington, March 2 (IANS) The White House on Monday unveiled President Donald Trump’s 2026 Trade Policy Agenda, declaring that “America is back” and vowing to deepen tariffs, enforce trade laws, and renegotiate key agreements to reduce what it calls a national emergency driven by record trade deficits. The 2026 agenda argues that “the United States currently runs the largest trade deficit in human history,” after offshoring 5 million manufacturing jobs and losing more than 70,000 f…
New Delhi, March 2 (IANS) IT industry’s apex body Nasscom on Monday said it has advised member companies to defer travel to affected areas amid the evolving situation in the Middle East.Member companies have also been advised to enable work-from-home arrangements for employees currently in the region, said Nasscom in a statement.“We are in constant touch with the Nasscom Middle East Council and advise all employees in the region to remain in regular contact with their respective local embass…
New Delhi, March 2 (IANS) The recently concluded free trade agreement between India and the European Union is creating concern in Pakistan, where industry leaders fear it could hurt the country’s textile sector and threaten millions of jobs, a report has said.The India-EU Free Trade Agreement was announced on January 27 after negotiations concluded between New Delhi and the European Union.The deal is now under legal review before it is formally signed and is expected to come into effect next y…
Washington, Feb 28 (IANS) US Senate Democrats accused President Donald Trump of deepening a farm and food affordability crisis, arguing that his tariff policies have handed China leverage in global agriculture while driving up grocery prices at home.Releasing a new report titled “Trump’s Broken Promises: Devastating America’s Farmers and Working Families,” Democrats said Trump’s trade war with Beijing has sharply curtailed US export markets and forced American farmers into financial di…
Washington, Feb 26 (IANS) US Senate Republicans and Democrats traded sharp accusations on tariffs, Iran, and a possible government shutdown, laying bare deep divisions a day after President Donald Trump’s State of the Union address. Talking to reporters after a closed policy luncheon on Wednesday (local time), Senate Majority Leader John Thune said Republicans were focused on “securing the border”, “providing monumental historic tax relief to the American people”, and “making sure th…
Washington, Feb 25 (IANS) US President Donald Trump declared that America was “winning again,” touting sweeping tax cuts, what he called the “strongest and most secure border in American history,” and a new policy to shield consumers from rising electricity costs linked to artificial intelligence.“For all these reasons, I say tonight—Members of Congress, the state of our union is strong,” Trump said in his State of the Union address.On the economy, Trump said his administration had del…
Washington, Feb 23 (IANS) US President Donald Trump on Monday asserted that he does not require fresh approval from Congress to impose tariffs, even as India delayed sending a planned trade delegation to Washington amid uncertainty following a Supreme Court decision annulling tariffs imposed under his administration. “As President, I do not have to go back to Congress to get approval of Tariffs. It has already been gotten, in many forms, a long time ago!” Trump wrote on Truth Social.He added…