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Archive for the ‘United States’ Category

United States Leads as the Primary Source of Foreign Direct Investment in India for Fiscal Year 2023, Reveals RBI Census

India, News, United States

September 11, 2023

The International Trade Council acknowledges the recent data released by the Reserve Bank of India (RBI), stating that the United States has been identified as the foremost contributor of foreign direct investment (FDI) into India for the financial year 2023 (FY23). According to the RBI census, the United States accounted for Rs 8.58 lakh crore […]

International Trade Council Acknowledges Indonesia’s Proposal for Critical Minerals Trade Deal with the United States

Indonesia, News, United States

September 7, 2023

The International Trade Council takes note of Indonesia’s recent proposal to initiate discussions on a potential trade agreement for critical minerals with the United States. This significant development emerged during a meeting between Indonesian President Joko Widodo and U.S. Vice President Kamala Harris on the sidelines of the Association of Southeast Asian Nations (ASEAN) meetings […]

U.S. Establishes New Investment Restrictions in China

China, International Trade, News, United States

August 29, 2023

In a recent announcement from the Biden administration, the U.S. has unveiled a new set of investment restrictions targeting certain sectors in China, Hong Kong, and Macau. Aimed primarily at safeguarding national security, these measures do not seek to hinder economic competition. The executive order comes as a result of concerns over potential transfers […]

Bidenomics Sparks Surge in Foreign Investment in U.S. Manufacturing, Indicating Strong Growth Potential

Foreign Direct Investment, News, United States

August 23, 2023

The International Trade Council is observing a notable trend in foreign investment within the U.S. manufacturing sector, raising questions about potential impacts stemming from economic policies, including those of the Biden administration. Recent data highlights an increase in construction spending for manufacturing facilities in the United States, with real manufacturing construction witnessing a doubling since […]

International Trade Council Observes US Ban on New Investments in Chinaâ€™s Sensitive High-Tech Industries

China, International Trade, News, United States

August 18, 2023

The International Trade Council is taking note of the recent development concerning a ban issued by President Joe Biden in August, restricting new US investments in China’s high-tech sectors, specifically targeting artificial intelligence (AI), advanced semiconductors, and quantum information technologies. This policy encompasses various forms of investment, such as indirect investments, private equity, venture capital, […]

U.S. International Trade Deficit Narrows in June

News, Trade Deficit Analysis, United States

August 16, 2023

The International Trade Council acknowledges the recent data shared by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The figures presented indicate that the United States’ trade deficit in goods and services stood at $65.5 billion in June, marking a decrease of $2.8 billion from the revised $68.3 billion reported in May. […]

US-Taiwan Trade Agreement Enacted to Enhance Bilateral Economic Cooperation

International Trade Agreements, News, Taiwan, United States

August 9, 2023

The International Trade Council notes the official enactment of the US-Taiwan trade agreement following US President Joe Biden’s endorsement. This legislation represents the first agreement under the US-Taiwan Initiative on 21st Century Trade, signaling a collaborative approach to bilateral trade ties. The agreement’s primary features include: Streamlining of customs procedures. Measures against corruption. Support mechanisms […]

International Trade Council Welcomes the Historic ‘atlantic Declaration’ Between US and Uk

International Trade Agreements, News, United Kingdom, United States

June 9, 2023

The International Trade Council (ITC) applauds the signing of the landmark ‘Atlantic Declaration,’ a multifaceted agreement between US President Joe Biden and UK Prime Minister Rishi Sunak. This agreement, announced at a joint press conference held at the White House on June 8, 2023, bolsters international cooperation in areas such as artificial intelligence, critical minerals, […]

Prime Minister Rishi Sunak to Discuss Trade Topics with President Joe Biden in the United States

International Trade, News, United States

June 7, 2023

The International Trade Council is delighted to announce that Prime Minister Rishi Sunak is embarking on a significant visit to the United States where he is anticipated to discuss various trade-related subjects with President Joe Biden, among them, the President’s landmark green industry investment package. On his journey to Washington DC, Mr. Sunak expressed reservations […]

International Trade Council Responds to Us President’s Veto on Solar Panel Tariffs

International Trade, News, United States

May 17, 2023

The International Trade Council (ITC) acknowledges US President Joe Biden’s recent decision to veto a resolution by Congress seeking to re-establish tariffs on solar panel imports from Southeast Asia. This decision puts to rest an ongoing dispute about whether to penalize China for possible trade violations that circumvent US rules restricting imports of inexpensive Asian-made […]

International Trade Council Highlights Record High US-China Trade Amid Rising Tensions

China, International Trade, News, United States

February 28, 2023

Despite escalating diplomatic tensions, trade between the United States and China reached a record high in 2022, with imports and exports totaling $690.6 billion, according to official figures. This development showcases the continued interdependence between the world’s two largest economies, even in the context of an ongoing trade war since 2018. The new data reveals […]

International Trade Council Applauds US-UK Energy Partnership to Boost Natural Gas Exports and Strengthen Energy Security

Energy Security, News, United Kingdom, United States

December 8, 2022

The International Trade Council commends the recent announcement of a comprehensive energy partnership between the United States and the United Kingdom. President Joe Biden and British Prime Minister Rishi Sunak unveiled the agreement, known as the U.K.-U.S. Energy Security and Affordability Partnership, with the aim of reducing global reliance on Russian energy exports, stabilizing Western […]

U.S.-U.K. Energy Partnership Aims to Boost Energy Security and Drive Down Prices

Energy Security, News, United Kingdom, United States

December 7, 2022

The International Trade Council commends the recent announcement of a comprehensive energy partnership between the United States and the United Kingdom. President Joe Biden and British Prime Minister Rishi Sunak unveiled the agreement, known as the U.K.-U.S. Energy Security and Affordability Partnership, with the aim of reducing global reliance on Russian energy exports, stabilizing Western […]

Addressing Green Subsidies Concerns at EU-US Tech Summit: A Step Towards Global Trade Harmony

Economic Policy, Europe, News, United States

December 6, 2022

The International Trade Council acknowledges the persistent discussions surrounding green subsidies between the European Union and the United States at the latest Trade and Technology Council (TTC) meeting. The summit, held at the University of Maryland, marked an important step in the progression of international cooperation on economic and technological matters. EU representatives, Vice Presidents […]

US-EU Dialogue Reinforces Commitment to Collaboration on Trade and Technology Issues

Europe, News, Technology Trade Policy, United States

December 5, 2022

The International Trade Council is pleased to acknowledge the ongoing efforts between the United States and the European Union to align on key issues of trade and technology. In a recent meeting of the bilateral Trade and Technology Council (TTC) near Washington DC, representatives from the two largest economies in the world reiterated their commitment […]

Mexico and US Seek Continued Dialogue on Trade Disputes

Mexico, News, Trade Relations, United States

December 2, 2022

The International Trade Council (ITC) acknowledges the recent proposal by Mexico’s economy secretary for further talks with the United States regarding the ongoing dispute over Mexico’s energy sector. The ITC supports the commitment of both nations to engage in dialogue to resolve their differences and avoid a full-fledged trade complaint under the U.S.-Mexico-Canada trade agreement. […]

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