Indian trade officials will postpone a trip to the US aimed at finalizing their interim deal after a US Supreme Court ruling that struck down many of President Donald Trump’s tariffs https://t.co/FdzLW4RS2g ...

Sanae Takaichi was formally reelected as Japan’s prime minister on Wednesday following her resounding electoral win, a formality that allows her to turn her attention to expediting budget deliberations and implementing a trade deal agreed with Trump https://t.co/LFf6xA2ltw ...

Core Points - The U.S. and Taiwan have signed a trade deal that lowers tariffs on Taiwanese exports to 15%, aligning them with those of Japan and South Korea, while Taiwan will reduce or eliminate 99% of tariffs on U.S. goods [1] - Taiwan plans to purchase over $84 billion in U.S. goods from 2025 to 2029, including liquefied natural gas, crude oil, aircraft, and power equipment [2] - Taiwanese chip and technology companies have committed to invest at least $250 billion in U.S. production capacity, supported by government credit [3] - The goal is to relocate 40% of Taiwan's semiconductor supply chain to the U.S., although Taiwan has expressed that this is "impossible" [4][5] - China has criticized the trade agreement, claiming it will harm Taiwan's economic interests and accusing the ruling party of allowing the U.S. to undermine Taiwan's key industries [6] Trade Deal Details - The trade deal includes preferential market access for U.S. industrial and agricultural exports, such as autos and beef products [1] - Taiwan has committed to resolving longstanding non-tariff barriers, including accepting U.S. vehicles built to U.S. safety standards without additional requirements [2] Semiconductor Industry Implications - The semiconductor ecosystem in Taiwan, developed over decades, is seen as essential to remain rooted in Taiwan while expanding investments internationally [5] - Taiwan's government has indicated that moving a significant portion of its semiconductor supply chain to the U.S. is not feasible [4][5] Geopolitical Context - The U.S. has approved $11.15 billion in arms sales to Taiwan, which has drawn criticism from China, emphasizing the geopolitical tensions surrounding Taiwan [7]

Core Viewpoint - India is set to reduce tariffs on high-end American cars to 30% from previous rates as high as 110% and will eliminate duties on Harley-Davidson motorcycles under an interim trade agreement [1] Group 1: Tariff Reductions - The tariff on high-end American cars will be slashed to 30% from a maximum of 110% [1] - Duties on Harley-Davidson bikes will be completely eliminated as part of the trade pact [1] Group 2: Trade Agreement Context - The changes are part of an interim trade agreement aimed at improving trade relations between India and the United States [1] - The official announcement indicates that while tariffs are being reduced, no further concessions will be made by India in this context [1]

Core Viewpoint - The U.S. and India have established an interim trade deal aimed at reducing tariffs and enhancing trade relations, marking a significant step in their partnership [1][2]. Group 1: Trade Agreement Details - The interim agreement will lead to the elimination or reduction of tariffs on all U.S. industrial goods and various agricultural products from India, including animal feed, tree nuts, and fruit [5]. - In return, the U.S. will impose a reciprocal tariff rate of 18% on Indian goods such as textiles, leather, plastics, and certain machinery [6]. - The U.S. will also remove tariffs on additional products, including generic pharmaceuticals and aircraft parts, following the successful conclusion of the agreement [8]. Group 2: Economic Impact - India plans to purchase $500 billion worth of U.S. energy products, aircraft, precious metals, technology products, and coking coal over the next five years [10]. - The agreement is expected to create new opportunities for farmers and entrepreneurs in both countries, reflecting the deepening economic ties between the U.S. and India [2].

The report stated that, despite earlier policy-rate easing, the central bank will hold rates this time, as several macroeconomic and global factors continue to pose challenges.It noted that government bond yields have shown persistent hardening in recent periods, even after policy rate easing.According to the report, the effectiveness of This, it said, could limit the transmission of monetary policy actions, so Live EventsYou Might Also Like:Government borrowing will be the decider factor in whether MPC ca ...

Oil edged higher in the morning Asian session as traders digest the U.S.-India trade deal. ...

Generative image“India has done remarkably well to firmly stand its ground given the hostile geopolitical backdrop by getting the tariff rate down from 50% to 18%,” said Soumya Kanti Ghosh, member PMEAC, and group chief economic advisor, State Bank of India. “Importantly, India in the interregnum continued with ground reforms done and also completed the pending trade deal with the EU as well. This deal is the hallmark of a country that knows how to stand up, not get distracted by the noise and navigate even ...

Asia-Pacific markets rose Tuesday after U.S. President Donald Trump said Washington and India had struck a trade deal and would immediately begin cutting tariffs on each other's goods. Trump added that Indian Prime Minister Narendra Modi had agreed to step up purchases of U.S. products, according to a Truth Social post on Monday following a call between the two leaders. Under the deal, India will also stop its purchases of Russian crude oil and instead buy more from the U.S., and potentially, Venezuela, Tru ...

President Trump uh posting on social media just a short time ago that he had spoken to Prime Minister Modi of India. He says they came up with a number of agreements in that conversation. The first one is that the president says that India will stop buying Russian oil.That's according to the president's social media post just a short time ago. He's also saying here in this lengthy social media post that he's cut a trade deal with India in which he will bring tariffs down on India from 25 to 18% and the Indi ...