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 Trade Policy News & Updates
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…
Washington, March 14 (IANS) The Trump administration is preparing potential measures to shield American farmers from rising fertilizer costs linked to global tensions, including developments involving Iran, US Agriculture Secretary Brooke Rollins said at the White House.Addressing reporters at the White House alongside the Rodeo champions, the agriculture secretary said the administration was closely monitoring fertilizer markets as farmers across the United States move into the critical spring …
Washington, March 11 (IANS) A new report by Democratic members of the Senate Foreign Relations Committee has warned that President Donald Trump’s policies have weakened the United States in its strategic rivalry with China, arguing that trade wars, cuts to foreign assistance, and strained alliances have created opportunities for Beijing to expand its global influence.The 56-page report, titled “The Price of Retreat 2.0: Undermining America’s Economic Edge and Alliance Advantage,” was rel…
Washington, Feb 21 (IANS) US President Donald Trump, lashed out at the Supreme Court after it struck down his use of a key tariff authority, calling the apex court’s verdict “deeply disappointing”, while announcing he would move immediately to other statutes — including a new “10 per cent global tariff” — that he said would keep his tariff programme intact. “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed, for n…
New Delhi, Feb 12 (IANS) A structural issue responsible for perpetuating Pakistan’s dependence on the IMF is its failure to control expenditure, which has spiralled, at both federal and provincial levels, via salary increases far exceeding inflation for the civil, judicial, and military bureaucracies alongside expanding vehicle fleets, luxury housing, plush offices, overseas junkets, and discretionary budgets, often without mandates, sunset clauses or performance tests, according to an article…
New Delhi, Feb 4 (IANS) Economic relations between India and Australia are at their strongest ever, with bilateral trade growing rapidly and more opportunities ahead, Zoe Woodley, First Secretary for Economic, Energy and Climate Change at the Australian High Commission said on Wednesday.Speaking to IANS on the sidelines of an interaction here, Woodley said trade ties between the two countries are at an all-time high, driven by the Economic Cooperation and Trade Agreement (ECTA).”Australia and In…
Washington, Jan 28 (IANS) India has surged ahead of the United States on trade deal-making this year, sharpening anxiety in Washington as the Trump administration’s tariff-driven strategy struggles to deliver results, according to comments by Henrietta Treyz, co-founder of Veda Partners.“Down in (Washington) DC, the agita is over the fact that India now has inked 100 per cent more deals than Donald Trump this year,” Treyz told CNBC in an interview, pointing to growing frustration among US …