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US-China trade tensions: Beijing rolls back ‘special port fees’ on US vessels for one year

The United States and China have begun rolling back trade actions, after the Busan meeting ended with “a great success.”Beijing recently suspended the export ban on ‘dual use’ materials while US reduced the fentanyl related duties from 20% to 10%.China also suspended the ‘special port fees’ on US vessels. The transport ministry announced that from…

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US–China trade reset: From port fees, tariffs to rare earths — What Donald Trump and Xi Jinping agreed on

The trade talks between US President Donald Trump and Chinese President Xi Jinping in Busan last week resulted in several breakthrough agreements, easing tensions for the two economies. These ranged from soybean purchases, tariff cuts and rare-earth export restrictions and more, though details were initially withheld. The White House on Saturday unveiled the complete terms…

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US waives sanctions on Chabahar port till April; key to India’s access to Afganistan, Central Asia | India News

NEW DELHI: US has extended the waiver from sanctions granted last month for the Chabahar port in Iran by another six months, the govt said Thursday. To isolate Tehran, the US state department had in Sept revoked the sanctions exception issued in 2018 for the port that India developed for access to Afghanistan and Central…

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Diplomatic win: India gets six-month exemption from US sanctions on Chabahar port – why it’s critical | India News

NEW DELHI: The ministry of exeternal affairs on Thursday confirmed that US has granted India a six-month exemption from American sanctions on the Chabahar port.This is a major diplomatic win for India amid negotiations between India and the US over finalising a trade deal.“We continue to remain engaged with the US side on finalising the…

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Boost for India’s Afghanistan plan! Trump admin extends waiver on Chabahar Port sanctions; why US move is important

On May 13, 2024, India entered into a decade-long agreement to operate the Chabahar port. In a boost for India’s regional connectivity plans especially with regard to Afghanistan, the Donald Trump administration has granted extension of sanctions waiver on Iran’s Chabahar port.According to an ET report, India has managed to get an extension for the…

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Pakistan pitches port on Arabian Sea to US; eye on minerals hub development: Report

US President Donald Trump during a meeting with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir at the White House last month Advisers to Pakistan’s military chief, Asim Munir, have reportedly approached US officials with a proposal to construct and operate a port at Pasni on the Arabian Sea, offering Washington a strategic…

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Pakistan pitches port on Arabian Sea to US; eye on minerals hub development: Report

US President Donald Trump during a meeting with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir at the White House last month Advisers to Pakistan’s military chief, Asim Munir, have reportedly approached US officials with a proposal to construct and operate a port at Pasni on the Arabian Sea, offering Washington a strategic…

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