US Trade Deficit Expands Sharply as AI Investment Drives Import surge
The US trade deficit surged in May amid record imports fueled by heavy corporate spending on AI technology and data-center infrastructure.
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India Expands Global Trade Partnership Network Following EU Agreement
After sealing a major trade deal with the EU, India is actively pursuing new free trade agreements across the Americas, Africa, the Gulf, and the Asia-Pacific regions.
Trade & Tariffs
India Calls for Cooperation Over U.S. Tariffs on Forced Labour Concerns
India urges the U.S. to replace punitive tariffs with cooperation and strengthened compliance to address forced labour in trade, emphasizing ongoing industry safeguards.
Trade & Tariffs
US Tariff Policies Fuel Manufacturing Surge and Industrial Growth
President Donald Trump credited tariffs for sparking a historic wave of manufacturing investments in the US, driving companies to relocate production domestically.
Trade & Tariffs
California Lawmakers Seek to Restore Canadian Market for US Wine After Major Export Losses
California officials urge Quebec to lift restrictions on American wine sales, aiming to revive exports devastated by trade disputes that crippled the state’s wine industry.
Trade & Tariffs
China Considers Allowing Limited NVIDIA H200 Chip Sales to Domestic Tech Giants
China may lift its ban on NVIDIA’s H200 AI chips, permitting companies like Alibaba and ByteDance to acquire restricted quantities amid ongoing US export controls.
Trade & Tariffs
Apple Tests Chinese CXMT Memory Chips Amid Strategic Push for Supply Stability
Apple is evaluating Chinese-made CXMT memory chips for China-market devices while lobbying the U.S. government for approval amid global DRAM shortages and rising costs.
Trade & Tariffs
Uzbekistan and Air China plan to double Beijing-Tashkent flights and expand routes
Uzbekistan Airports and Air China discussed increasing Beijing-Tashkent flights and exploring new routes, including potential services to Uzbekistan’s Fergana Valley.
Trade & Tariffs
DeepSeek Develops Custom AI Chip to Reduce Dependence on NVIDIA and Huawei
Chinese AI leader DeepSeek is building its own inference accelerator chip to limit reliance on NVIDIA and Huawei hardware amid growing domestic tech restrictions.
Trade & Tariffs
Latin American Countries Challenge U.S. Tariffs Linked to Forced Labor Allegations
Mexico, Peru, Guatemala, and Ecuador oppose U.S. tariffs aimed at combating forced labor, arguing existing laws suffice and that tariffs would unfairly target compliant exporters.
Trade & Tariffs
Former U.S. NATO Ambassador Critiques Trump’s Decision to Lift Turkey Sanctions
A former U.S. ambassador to NATO described President Trump’s removal of sanctions on Turkey during a NATO summit as an unusual and questionable diplomatic move.
Trade & Tariffs
Iran condemns US for breaching June agreement by reinstating oil sanctions
Iran accused the United States of violating the Islamabad Memorandum of Understanding after Washington reversed the temporary suspension of sanctions on Iranian oil exports.