jamieson greer

Government sources indicate no immediate plans to hike gold and silver import duties, despite calls to curb non-essential gold purchases. Meanwhile, India anticipates US trade talks addressing pending issues, including a Section 301 probe, though a comprehensive deal remains distant. India has contested US allegations of structural overcapacity, urging the termination of the investigation.

Under the proposed interim trade deal, the US has lowered tariffs on India from 50% to 18%. In August last year, Trump had imposed a 25% reciprocal tariff on India and an additional 25% penal tariff for India’s crude oil purchases from Russia.

President Donald Trump embarked on a crucial three-day visit to China, with trade negotiations and tensions over Iran topping the agenda. Trump expressed optimism about strengthening US-China ties and his relationship with President Xi Jinping, emphasizing trade as the primary focus of their discussions.

India and the US concluded three days of trade talks in Washington, aiming to finalize an interim trade pact and advance negotiations for a broader bilateral agreement. Discussions covered market access, digital commerce, and economic security.

As President Trump arrives in Beijing, anticipation runs low for any breakthroughs regarding China's influence over Iran and the vital Strait of Hormuz. His agenda includes discussions on trade and the pressing issue of fentanyl, yet underlying tensions over their differing views on geopolitical conflicts threaten to overshadow these talks.

US Commerce Secretary Howard Lutnick stated that Nvidia's H200 AI chips have not yet been sold to China, attributing the delay to Beijing's efforts to boost its domestic industry. Despite earlier Trump administration approval, China's central government is reportedly blocking purchases to encourage investment in homegrown alternatives, such as those from Huawei.

The United States is set to host an Indian delegation this month, signaling renewed momentum in bilateral trade talks. This follows a productive meeting between US Trade Representative jamieson greer and Indian Foreign Secretary Vikram Misri, who is in the US to review trade, defense, and technology ties.

The US has imposed up to 100% tariffs on patented drugs and certain metals, aiming to boost domestic manufacturing. While India's generic drug exports are largely exempt, firms producing branded medicines or inputs for patented drugs may face pressure. Developed nations are expected to bear the brunt of these new measures.

The US trade representative's office has launched Section 301 investigations into 60 economies, including India, for failing to address forced labor in imports. This move follows a Supreme Court ruling and aims to determine if foreign governments are sufficiently prohibiting goods made with forced labor, impacting US workers and businesses. New tariffs on several countries are possible by summer.

Greer said the Trump administration does not plan to raise tariffs on Chinese imports beyond their current levels, as President Donald Trump is expected to visit China in the coming weeks.

Donald Trump on Tuesday named jamieson greer his trade envoy, a key figure in implementing the president-elect's economic agenda, particularly his plans to use tariffs to raise revenue and help bring more manufacturing to US shores. The aim is to raise government revenue and target countries he said have been "ripping us off," while pushing businesses to bring production back to US shores.

President Trump criticized the Supreme Court's decision to invalidate his global tariffs, warning of trillions in losses and vowing to impose them in new forms. He thanked three justices for their stance while also criticizing Republican appointees for perceived disrespect and politicized rulings. The administration is exploring alternative legal avenues to recover lost tariff revenue.

India has rescheduled its trade deal negotiations with the US following the Supreme Court's invalidation of Trump's tariffs. This move allows for an evaluation of the ruling's implications, as other nations like South Korea have seen their tariff agreements nullified.

US trade representative jamieson greer highlighted India's "best-ever" offers in ongoing trade talks, calling the nation a "tough nut to crack" due to resistance on certain agricultural imports. Senior US officials are in New Delhi to advance negotiations for a mutually beneficial trade agreement, with India now seen as a "viable alternative market" for US commodities.