The Daily Brief The US Might Change the Rules — Again
8 snips
May 16, 2025 Recent shifts in U.S. trade policy are shaking up global markets, particularly concerning tariffs with China and evolving tech partnerships with India. The vital role of copper, driven by a green energy push, is under scrutiny as demand skyrockets. It raises questions about mining and recycling capabilities. Additionally, the intricate U.S.-India trade dynamics in pharmaceuticals and technology reveal potential growth areas, emphasizing the importance of strategic resource management for India’s economic future.
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Temporary US-China Trade Truce
- The US-China trade war recently paused with a 90-day ceasefire, reducing tariffs drastically.
- This truce is temporary, setting a new baseline tariff around 10% that likely becomes US trade policy's norm.
India's Trade Negotiation Strategy
- India is negotiating to cut tariffs on US imports drastically to gain better market access.
- India should leverage this to secure exemptions from US tariff hikes and access to sensitive technologies.
Changing US AI Chip Export Policy
- Trump's administration scrapped Biden's bureaucratic AI chip export framework to simplify trade deals.
- This creates uncertainty but may open chances for individual chip agreements with countries like India.