A major breakthrough in U.S.-South Korea trade relations has been announced following intense discussions at the APEC Summit in San Francisco. Both sides reached an understanding to slash U.S. auto tariffs on South Korean imports from 25% to 15%, marking a significant shift in Washington’s trade policy. Lee Jae Myung’s top aide confirmed the development, stating that Seoul will invest nearly $350 billion in the United States, including $200 billion in cash commitments and $150 billion toward shipbuilding and industrial cooperation. WATCH
29 October,2025 10:14 PM IST
U.S. President Donald Trump has announced a 25% tariff on imports from key trade partners starting August, raising concerns in Japan. The move triggered a dip in the yen and fears of economic fallout in Tokyo. Japanese PM Shigeru Ishiba has pledged continued negotiations with the U.S. to protect national interests and maintain trade stability.
09 July,2025 02:59 PM IST
EAM Dr. S. Jaishankar stated that India does not have a policy to replace the dollar as the global reserve currency. He emphasized that the dollar plays an important role in maintaining international economic stability, which is needed now more than ever. Dr. Jaishankar mentioned that BRICS countries do not have a unified stance on this issue, as each member holds different views. He added that strengthening relations with the United States and improving the global financial system should be the priority. India's approach will be guided by a strategic assessment of current international economic needs and priorities.
06 March,2025 04:07 PM IST
Prime Minister Narendra Modi inaugurated Madhya Pradesh Global Investors Summit in Indore today, through video conferencing.The Prime Minister said India has been on the path of ‘Reform, Transform and Perform’ since 2014. “Not just we the Indians but every institution and expert in the world seems to be confident about this. The IMF sees India as a bright spot in the global economy. The World Bank says that India is in a better position to deal with global headwinds than many other countries,” said the PM. Delegations from more than 65 countries are participating in the Global Investors Summit. More than 500 prominent industrialists in the country are also participating in the summit.
11 January,2023 05:34 PM IST | MumbaiADVERTISEMENT
