US IMPOSES ADDITIONAL TARIFFS ON INDIAN IMPORTS, THAT WILL BE EFFECTIVE AFTER SIX MONTHS

Highlights

• The final determination in the investigations is to impose additional tariffs on certain goods from these countries said the USTR Tai

• Digital tax of 2% was imposed by India on foreign technology companies like Google, Facebook and Amazon

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US & CHINESE TRADE REPRESENTATIVES HELD THEIR FIRST CALL UNDER BIDEN ADMINISTRATION

Highlights

• The U.S. Trade Representative Katherine Tai and Chinese Vice Premier Liu He had a “candid, pragmatic and constructive” conversation

• The USTR’s office said Katherine Tai discussed the administration’s “worker-centered trade...

INDIA WELCOMES US’ SUPPORT FOR A PROPOSAL TO WAIVE INTELLECTUAL RIGHTS FOR COVID VACCINES

Highlights

• India along with South Africa are leading a proposal for few patents and technology and boost production of vaccines in developing countries

• Thanking the US for its support, India's foreign ministry spokesman Arindam Bagchi said “We are appre...

US TO SUPPORT PROPOSAL TO WAIVE INTELLECTUAL-PROPERTY PROTECTIONS FOR COVID VACCINES

Highlights

• The Biden administration will now actively take part in negotiations for the text of the waiver at the World Trade Organization and encourage other nations to come out and support it

The United States has decided to support a proposal to waive intellectual-pr...

U.S. SUSPENDS TRADE DEAL WITH MYANMAR UNTIL DEMOCRATIC GOVERNMENT IS BROUGHT BACK

Highlights

• The Myanmar military took over the country for a year and several top leaders like Aung San Suu Kyi were taken in the custody

• US Trade Representative Katherine Tai said in a statement that “The United States supports the people of Burma in their ...

USTR TAI SAYS SHE WAS MAINTAINING THREAT OF US TARIFFS ON GOODS FROM SEVERAL NATIONS

Highlights

• The USTR announced that her office would be going ahead with steps to impose potential tariffs which is inclusive of filing public notices and collection of public comments

• The USTR was terminating ‘Section 301’ tariff investigations agains...

US, INDIA AGREE TO FURTHER ECONOMIC COOPERATION THROUGH MUTUAL DIALOGUE

Highlights

• The two top level officials had a very productive discussion and the Indian minister congratulated Katherine Tai on her appointment as USTR

• The two sides discussed several issues and agreed to strengthen the India-US trade and investment relationship s...

BIDEN APPOINTS SUSAN RICE TO RUN THE WHITE HOUSE DOMESTIC POLICY COUNCIL

Highlights

• Susan Rice also was in the race to become the Secretary of State, the post which was given to Antony Blinken

• Sources claim that the reason behind Biden tapping Rice for this role was because she has tremendous amount of experience in crisis management ...

PRESIDENT-ELECT BIDEN LIKELY TO NOMINATE CHINESE-AMERICAN KATHERINE TAI AS US TRADE REPRESENTATIVE

Highlights

• According to the sources, the United States President-elect Joe Biden is likely to select Katherine Tai, a trade lawyer of Chinese-American origin to become the US trade representative

• Katherine Tai is all set to become the second Asian-American women ...