The RCEP will bind the 10 economies of Southeast Asia with China, Japan, S. Korea, Australia & New Zealand. To provide a counterweight, the US needs the Trans-Pacific Partnership.
The official noted that the China-US trade volume was up by 16% year-on-year in the third quarter and said those who truly want 'decoupling' represent a minority.
The unprecedented trade war Trump launched with China, breaking Republican free-trade orthodoxy along the way, ended up costing American factory jobs, not creating them.
US firms must now apply for license to export certain products to China's SMIC, which has not been put on entity list, meaning restrictions are not yet as severe as those on Huawei.
Microsoft entered China in 1992, helping to engineer the govt’s computer systems and installing special versions of Windows OS that comply with the country’s censorship controls.
The Secretary of State says the US will announce measures shortly against a broad array of Chinese-owned software deemed to pose national-security risks.
The US has suggested that TikTok may be used as a tool to spy on users or spread propaganda to influence the upcoming presidential elections, which China has denied.
The US has been pushing foreign companies to move supply chains out of China, and publicly floated the need for a group of friendly Asian nations that could help produce essential goods.
According to the report, India hasn’t benefited more because the largest shift was found in the computer & electronic products sector and that industry is relatively small in the country.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
To think that the same Left, and orgs like the EFF, that were actively advocating against TPP 4 years ago are now campaigning for US to join it. Such has been the effect of two bulls in the China shop (no pun intended) aka Trump and Xi.
To think that the same Left, and orgs like the EFF, that were actively advocating against TPP 4 years ago are now campaigning for US to join it. Such has been the effect of two bulls in the China shop (no pun intended) aka Trump and Xi.