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New Delhi [India], April 9 (ANI): The US Embassy in India on Thursday posted a quote wherein US Vice President JD Vance had said that India and the US have much to offer one another. The Embassy quoted Vance as saying that India has the most exciting start-up technology in the world. In a post on X, the Embassy said, ""India and the United States have so much to offer one another. We've got great hardware -- the leading artificial intelligence hardware in the world. You have one of the most ex ...Read More >
US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick on Tuesday. US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Gor said he discussed with Lutnick a new Memorandum of Understanding that seeks to connect India's AI scale with the American AI ecosystem and also strong participation from New Delhi in ...Read More >
New Delhi: The US Presidential Office has released a list of donors who are funding the construction of a new ballroom in the White House complex. Trump has repeatedly stated that the ballroom's cost is being met entirely through private funding, meaning it will not burden taxpayers. On Wednesday, while discussing the project, Trump said it would cost approximately $300 million. Previously, the Trump administration had estimated the ballroom's cost at $200 million. According to the White House ...Read More >
New Delhi: Days after US commerce secretary Howard Lutnick said Washington will sort out trade with India, a chief negotiator is arriving in New Delhi to continue talks for a bilateral trade agreement between the two countries. Assistant US trade representative for South and Central Asia Brendan Lynch will hold US-India trade talks with India's chief negotiator Rajesh Agrawal, who is the special secretary in the department of commerce, on Tuesday. This follows developments earlier this month, ...Read More >
Commerce Secretary Howard Lutnick criticized India's trade practices, highlighting the imbalance where India sells extensively to the US but restricts American corn imports with tariffs. He asserted that India must lower its tariffs to ensure fair and reciprocal trade, aligning with President Trump's stance. Lutnick warned of potential difficulties in US-India trade relations if these issues remain unresolved. India brags about having 1.4 billion people but won't buy even a small amount of Amer ...Read More >
NEW DELHI (Reuters) -U.S. President Donald Trump last Wednesday announced 25% tariffs on Indian imports from August 7 and threatened more penalties over New Delhi's purchases of Russian oil. Below is a timeline of how India, once seen as the frontrunner for a U.S. deal, ended up facing steep tariffs after Trump escalated tensions, and called it a "dead economy." February Modi visits Washington * Indian Prime Minister Narendra agrees to work toward a limited trade deal by fall 2025 with the Un ...Read More >
SYDNEY (Reuters) - The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen. Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December, in part due to the weakness of the currency. Ueda will deliver a speech at 0100 GMT, followed by a media confere ...Read More >
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