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Southeast Asian countries stand to gain -- or lose -- the most from Beijing and Washington's escalating trade tensions. Some have benefited more than others, but all are at risk of taking an economic hit.
Japan is reportedly considering backing away from its demand to extract a clear-cut exemption from possible 25-percent U.S. auto tariffs if the United States instead offers high quotas on Japanese car imports similar to those secured by Mexico, Politico reported Sept. 19, citing a U.S. business source.
Saudi Arabia and the United Arab Emirates are joining the International Maritime Security Construct, a U.S.-led mission to ensure safe passage for commercial shipping around the Strait of Hormuz, Bab el-Mandeb strait, Gulf of Oman and Persian Gulf, Reuters reported Sept. 19.
U.S. and Indian officials are reportedly close to reaching a trade deal and are working to present an initial agreement during Indian Prime Minister Narendra Modi's visit to the United States next week, the Washington Examiner reported Sept. 17, citing U.S. administration officials.
U.S. President Donald Trump notified the U.S. Congress on Sept. 16 that the United States and Japan will sign an initial trade agreement in the coming weeks that will include tariff reductions as well as an executive agreement on e-commerce, Bloomberg reported.
While the weekend assaults should have only a limited effect on global markets, their aftermath highlights the vulnerabilities of the kingdom's oil giant, tarnishing its planned IPO and perhaps threatening the OPEC+ alliance.
A World Trade Organization panel has ruled that the United States can proceed with punitive tariffs on between 5 billion and 8 billion euros ($5.5 billion and $8.8 billion) worth of EU imports over a dispute concerning illegal aircraft subsidies, Politico reported Sept. 14, citing four EU officials.
The U.S. House of Representatives' Foreign Affairs Committee has issued a subpoena to Zalmay Khalilzad, the U.S. special envoy for Afghanistan reconciliation, to testify on the sudden breakdown of peace talks between the United States and the Taliban, Voice of America reported Sept. 12.
U.S. Trade Representative Robert Lighthizer has formally submitted his response to complaints and concerns from members of the Democratic Party in the House of Representatives about the United States-Mexico-Canada Agreement (USMCA), Politico reported Sept. 11.