BusinessPolicyTrade

U.S. and India Near Major Trade Agreement With Tariff Reductions and Energy Policy Shifts

Reports suggest the U.S. may cut tariffs on Indian exports from 50% to 15%-16% as part of a new trade agreement. India is reportedly considering scaling back Russian oil purchases, a key U.S. demand, amid ongoing bilateral negotiations.

Potential Breakthrough in U.S.-India Trade Relations

According to recent reports from Indian media outlet Mint, the United States and India are nearing a significant trade agreement that could substantially reduce tariffs on Indian exports while addressing Washington’s concerns about New Delhi’s energy imports from Russia. Sources familiar with the negotiations indicate that both sides have made substantial progress after months of strained relations.

EconomyPolicy

Beijing Maintains Five-Year Planning Amid Global Economic Shifts and Geopolitical Tensions

China’s five-year planning system remains central to its governance approach despite significant economic evolution. Meanwhile, global hedge funds are returning to Hong Kong listings, and the strategic competition over rare earth metals intensifies between major powers. These developments occur against a backdrop of ongoing geopolitical tensions.

Enduring Framework for Chinese Development

According to recent reports, China continues to utilize its five-year planning system despite substantial transformations within its economic structure. Analysts suggest this approach provides strategic continuity and allows Beijing to coordinate long-term national priorities across government agencies and state-owned enterprises. The planning mechanism, which originated from Soviet economic models, has evolved significantly but remains a cornerstone of China’s governance methodology.