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Big tech rules, agriculture among issues in US trade talks with South Korea - The Economic Times

Economic Times

Economic Times · 2m ago

Big tech rules, agriculture among issues in US trade talks with South Korea - The Economic Times

South Korea and the U.S. are engaged in trade talks focusing on digital services, agriculture, and other non-tariff issues. South Korea seeks to extend a tariff pause while the U.S. pressures for better access to its agriculture and tech markets. Key concerns include antitrust legislation against big tech and U.S. demands regarding beef imports. Discussions also cover defense costs and industrial cooperation, particularly in shipbuilding, with potential energy collaboration on Alaska's LNG project.

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Indian team back from US; trade talks to continue

Economic Times

Economic Times · 2m ago

Indian team back from US; trade talks to continue

Indian and US negotiators recently concluded a round of trade talks, focusing on an interim trade agreement, although unresolved issues in agriculture and auto sectors persist. These discussions aim to finalize an interim pact before Trump’s reciprocal tariffs are reinstated on July 9. India resists conceding duty breaks in sensitive sectors like agriculture, while seeking concessions for labor-intensive areas. The overall goal is to significantly increase bilateral trade, with a full agreement anticipated by autumn 2023.

Govt proposes tweaks to foreign investment rules for exports in possible win for Amazon - The Economic Times

Economic Times

Economic Times · 4d ago

Govt proposes tweaks to foreign investment rules for exports in possible win for Amazon - The Economic Times

India is considering easing foreign investment rules to let ecommerce firms like Amazon buy directly from Indian sellers for exports. The draft DGFT proposal introduces a third-party export entity to handle compliance. The move, amid trade deal talks with the US, faces opposition from small retailers fearing unfair competition.

US 'very close' to TikTok deal with China: US Treasury chief - The Economic Times

Economic Times

Economic Times · 15d ago

US 'very close' to TikTok deal with China: US Treasury chief - The Economic Times

The United States and China are nearing an agreement to resolve their TikTok dispute, according to US Treasury Secretary Scott Bessent. Talks between Bessent and Chinese Vice Premier He Lifeng in Madrid aim to address trade and technology issues between the two countries. Despite a looming deadline for TikTok to find a non-Chinese buyer, Bessent remains optimistic about resolving the matter without significantly impacting US-China relations. These negotiations include discussions on other trade tensions as well.

China launches probes targeting US semiconductors ahead of Madrid trade talks - The Economic Times

Economic Times

Economic Times · 16d ago

China launches probes targeting US semiconductors ahead of Madrid trade talks - The Economic Times

China has initiated two investigations targeting the US semiconductor sector prior to crucial trade talks in Spain. The probes focus on potential anti-dumping of US analog IC chips and alleged US discrimination against China’s chip industry, including US restrictions like export curbs. This development follows the US adding 23 Chinese firms to an entity list restricting their operations. The talks aim at easing trade tensions between the nations amidst ongoing reciprocal tariff pauses.

South Korea delays decision on Google's request for map data exports - The Economic Times

Economic Times

Economic Times · 1m ago

South Korea delays decision on Google's request for map data exports - The Economic Times

South Korea has postponed a decision on Google's request to export map data, following U.S. pressure regarding non-tariff barriers. The delay aims to address South Korea's security concerns, as the nation fears revealing sensitive locations. Google argues the data is publicly accessible and has been reviewed for security. U.S. officials contend restrictions hinder navigation services in Korea, affecting American companies. Despite the postponement, discussions between Google and South Korean authorities continue.

Elon Musk says Tesla, Samsung Electronics sign chip supply deal - The Economic Times

Economic Times

Economic Times · 2m ago

Elon Musk says Tesla, Samsung Electronics sign chip supply deal - The Economic Times

Tesla has signed a significant chip supply deal with Samsung Electronics, reportedly worth $16.5 billion, running through 2033. This partnership aims to support Samsung's struggling chip-making business while enhancing South Korea-U.S. tech relations amid trade discussions. The deal, which highlights a boost for Samsung amid competition from TSMC, is expected to help reduce losses in Samsung’s foundry business, crucial for its market position in advanced chip manufacturing.

South Korea asks US to resolve chip trade issues as chipmaking import waiver nears expiry

Economic Times

Economic Times · 2y ago

South Korea asks US to resolve chip trade issues as chipmaking import waiver nears expiry

South Korea has asked the United States to address uncertainties related to export controls and subsidies for chip investment. The country's industry minister met with a US deputy secretary of commerce in Seoul to discuss the matter. The waiver that allowed Samsung Electronics and SK Hynix to import US chip-making equipment into China is set to expire next month, and it remains uncertain whether it will be extended. South Korea seeks active cooperation from the US to resolve these issues. Samsung and SK Hynix collectively dominate global DRAM and NAND flash markets.

Raghuram Rajan warns India to tread 'cleverly & carefully' in US trade talks

Economic Times

Economic Times · 2m ago

Raghuram Rajan warns India to tread 'cleverly & carefully' in US trade talks

Former RBI Governor Raghuram Rajan advises India to be "very careful and clever" in US trade talks, especially in agriculture. He warns that subsidized foreign produce could harm India's small-scale farmers and suggests focusing on enhancing domestic value addition through foreign direct investment (FDI). India, engaged in negotiations for a Bilateral Trade Agreement with the US, has resisted tariff concessions on agriculture and dairy products. Rajan sees opportunities for India if trade tensions are skillfully managed.

Indian team in Washington; trade talks to begin Monday: Official

Economic Times

Economic Times · 2m ago

Indian team in Washington; trade talks to begin Monday: Official

An Indian commerce ministry team is in Washington for trade talks on a proposed bilateral trade agreement with the U.S. Negotiations will focus on resolving issues in agriculture, automobiles, and tariffs. India seeks to ease U.S. tariffs on steel, aluminum, and autos, while the U.S. requests duty concessions on dairy and industrial goods. The goal is to conclude the agreement's first phase by fall, with the talks running through Thursday.

Trump hints Tiktok deal reached: Report - The Economic Times

Economic Times

Economic Times · 15d ago

Trump hints Tiktok deal reached: Report - The Economic Times

US President Donald Trump indicated progress on a TikTok ownership deal addressing US security concerns, hinting at resolution after scrutiny over Chinese ties. Trump mentioned a conversation with Chinese President Xi Jinping and noted that trade talks with China were positive. He hinted that the reached deal would please young Americans invested in TikTok's fate, emphasizing strong US-China relations despite past tensions.

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