Malaysia walks out of trade deal with U.S., others may follow
“Two factors are likely to push more countries to walk away from trade deals signed with the United States under the reciprocal tariff strategy. First, the deals have lost their economic value after the U.S. Supreme Court ruling. … Second, trade pressure from the United States continues even after agreements are signed.”
[StratNews Global]
India to hold off on U.S. trade deal amid new probe, sources say
“New Delhi had initially expected to sign an interim deal in March, followed by a full deal later, after Trump agreed in early February to cut punishing U.S. tariffs on Indian imports in return for commitments including halting Russian oil imports, lowering duties on U.S. goods and pledging to buy $500 billion worth of American products.”
[Reuters]
U.S. Commerce Department withdraws planned rule on AI chip exports
“‘This supposed rule was always a draft and remains a draft,’ a U.S. official said in a statement when asked about the withdrawal. ‘All discussions that were previously reported were preliminary.’”
[Reuters]
South Korea passes special bill to implement its $350 billion U.S. investment pledge
“The passage of the legislation will mean that Seoul will have the legal framework it needs to carry out its investment commitment made to Washington in exchange for more favorable ‘reciprocal’ tariff rates.”
[CNBC]
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