US Ambassador to India Kenneth Juster (centre) arrives with Assistant US Trade Representative for South and Central Asia Christopher Wilson (right) and Brendan Lynch for a meeting with Indian officials in New Delhi. Associated Press
When US Secretary of State Mike Pompeo sits down with India’s prime minister on Wednesday he will be trying to chart a path that keeps the Asian ally onside politically even as the two countries are at loggerheads over trade.
China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods.
The White House said on Friday that President Donald Trump is delaying a decision by up to six months on whether to impose tariffs on imported cars and parts to allow for more time for trade talks with the European Union and Japan.
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.
The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first EXPO, in 2020,
Japan’s Subaru Corp, long a laggard in electrification, plans to go greener with a target to get at least 40 per cent of its global sales from full-electric or hybrid vehicles by 2030.
India’s economic slowdown stifles demand of thermal coal imports from key industrial consumers. Country’s thermal coal imports have dropped for three months running, their longest sustained fall in over two years.