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.
Mineral security is no longer just an economic concern but a national security imperative, underpinning the country’s ambitions in clean energy, defence self-reliance, and advanced manufacturing.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
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.