Tag: China–United States trade war

BusinessGovernmentTechnology

US-China Trade Officials Race to Salvage Trump-Xi Summit in Malaysia Talks

Senior US and Chinese officials are engaged in critical negotiations in Malaysia to prevent a major escalation of the trade war. The talks aim to salvage next week’s planned meeting between Presidents Trump and Xi amid threats of new 100% tariffs and expanded export controls.

Emergency Diplomacy as Deadline Looms

Top economic officials from the United States and China have reportedly launched emergency talks in Kuala Lumpur this weekend, racing against the clock to prevent a dramatic escalation of their ongoing trade war. According to sources familiar with the negotiations, the discussions represent a critical effort to salvage next week’s planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

by Priya Kapoor
EconomyTrade

U.S. Tariffs on Indian Goods Disrupt Diwali Celebrations and Small Business Economies

New 50% tariffs on Indian imports have dramatically increased prices for traditional Diwali items from saris to gold jewelry. Small business owners in Indian-American communities report sales declines up to 70% during what’s typically their busiest season, with broader implications for U.S.-India economic relations.

Tariffs Transform Diwali Celebrations and Business Realities

The festive spirit of Diwali, traditionally marked by vibrant celebrations in Indian-American communities across the United States, has been significantly subdued this year, according to reports. Sources indicate that 50% tariffs imposed on goods imported from India in late August have caused prices to skyrocket on everything from traditional clothing to festive foods and gold jewelry.

by Priya Kapoor
LogisticsTechnology

Autonomous Hybrid Vehicle Platform Aims to Revolutionize Short-Distance Logistics

A California-based startup is tackling one of logistics’ most persistent challenges with an autonomous hybrid-electric vehicle that transitions seamlessly between rail and road. The technology promises to reduce operating costs by over 50% while addressing driver shortages and infrastructure limitations.

New Platform Addresses Intermodal Logistics Challenges

Industry analysts suggest a California-based startup is pioneering a novel approach to one of logistics’ most persistent challenges: the inefficient transition of goods between rail and road transport. According to reports, Glīd Tech has developed a universal platform that enables frictionless movement between transportation modes, potentially revolutionizing short-distance logistics for small and medium businesses.

by Samuel Kim
LegalPolicy

Federal Judge Dismisses Youth Climate Lawsuit Against Trump’s Energy Executive Orders

A federal judge has dismissed a lawsuit by young climate activists seeking to block President Trump’s pro-fossil fuel executive orders. While acknowledging climate change evidence, the court ruled it lacked authority to grant the requested injunction against the administration’s energy policies.

Federal Judge Dismisses Youth Climate Challenge to Trump Energy Policies

A federal judge has dismissed a lawsuit brought by young climate activists seeking to block several of President Trump’s pro-fossil fuel executive orders, according to court documents filed Wednesday. US District Judge Dana Christensen ruled that while plaintiffs presented compelling climate evidence, the court lacked authority to grant the sweeping injunction requested against the administration’s energy policies.

by Priya Kapoor
PolicyTrade

Trump Claims Modi Agrees to Halt Russian Oil Purchases Amid Ukraine War Pressure

Former President Donald Trump has reportedly secured assurances from Indian Prime Minister Narendra Modi that India will cease Russian oil imports “within a short period of time.” This development comes as Western nations intensify economic pressure on Russia over its ongoing conflict in Ukraine, with oil exports being a crucial revenue source for Moscow.

Trump Announces Modi’s Commitment to End Russian Oil Imports

According to reports from international media, former President Donald Trump has stated that Indian Prime Minister Narendra Modi has agreed to stop purchasing Russian oil as part of broader efforts to increase economic pressure on the Kremlin. Sources indicate Trump told reporters he received personal assurances from Modi that India would halt its purchases “within a short period of time,” which he characterized as “a big stop” in their discussions.

by Priya Kapoor