jamieson greer

India and the US are nearing the finalization of an interim trade agreement, with the first tranche expected to be executed by mid-July. Commerce and Industry Minister Piyush Goyal stated that negotiations are progressing rapidly to close all outstanding issues. A high-level American delegation is scheduled to visit India later this month.

US President Donald Trump expressed optimism about reaching a trade agreement with India soon, stating that the previous trade imbalance has now reversed. Both nations have been engaged in constructive negotiations, aiming to finalize an interim trade pact while broader discussions continue. Despite ongoing talks, concerns remain regarding potential US tariffs on imports from several economies, including India.

India and the US have finalized most of the legal text for their bilateral trade agreement, with negotiations now focusing on minor details. The treaty's finalization hinges on clarity regarding the US tariff mechanism post-next month, as India seeks to maintain export advantages.

The US Trade Representative has proposed additional tariffs on goods from 54 economies, including India, over concerns about forced labor in supply chains. This move, stemming from a Section 301 investigation, could impact India's exports, particularly those relying on Chinese inputs, despite existing domestic prohibitions on forced labor.

The USTR released the outcome of 60 investigations conducted under Section 301, identifying India among 54 economies that, according to its assessment, do not have adequate measures in place to prohibit or effectively prevent the import of goods allegedly produced using forced labour.

Global oil prices surged as President Trump expressed impatience with Iran, fueling fears of Strait of Hormuz disruptions. Brent and WTI crude saw significant weekly gains amid uncertainty over the Iran conflict and supply concerns. Despite claims of increased vessel crossings, the Strait remains a critical choke point, with maritime incidents further heightening market anxieties about tight supply.

Nvidia CEO Jensen Huang joined Donald Trump's Beijing summit at the last minute, boarding Air Force One in Alaska, but China still won't approve H200 AI chip purchases. Trump said Beijing "chose not to" because it wants homegrown silicon. With DeepSeek now running on Huawei chips and 10 cleared Chinese firms yet to place orders, Nvidia's China stalemate looks set to drag on.

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.

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.

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.

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.

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.

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.

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.