U.S., China reach deal to ease rare earths export curbs, keep tariff truce alive
“The dispute may keep the Geneva agreement from unravelling over duelling export controls, but does little to resolve deep differences over Trump's unilateral tariffs and longstanding U.S. complaints about China's state-led, export-driven economic model.”
[The Economic Times]
Japan, U.S. yet to find common ground on tariffs but want quick deal
“Japan has presented a package of proposals to the United States since the first round of their ministerial talks in mid-April. The package includes joint efforts to strengthen supply chains for semiconductors and critical minerals, cooperation in shipbuilding, expanding imports of U.S. farm products to Japan, and simplification of its safety and environmental requirements for foreign-made cars.”
[Kyodo News]
Trump, South Korea's new president agree to make a deal on tariffs
“‘The two presidents agreed to make an effort to reach a satisfactory agreement on tariff consultations as soon as possible that both countries can be satisfied with,’ Lee's office said in a statement, adding that working-level negotiations are encouraged to ‘yield tangible results.’”
[Fox Business]
India and U.S. advance toward interim trade deal after four-day talks, say sources
“Commerce Minister Piyush Goyal, currently in Switzerland for talks with European trade partners, said India is prepared to proceed with the deal by first addressing simpler issues. The next phase of negotiations could tackle more complex matters, with the goal of signing the first tranche of the bilateral trade pact by September or October, the officials added.”
[Reuters]
Cambodia, U.S. continue trade talks
“The Ad Hoc Cambodia–US Bilateral Relations Coordination Working Group and the Office of the US Trade Representative have recently concluded the second round of negotiations on a draft Agreement on Reciprocal Trade, reaching consensus on several substantial provisions.”
[VNA]
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