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Articles for tag: boosts, chip, deal, exports, lowers, Taiwans, tariffs, Trade

January 17, 2026

News Desk

The new trade deal lowers tariffs and boosts Taiwan’s chip exports to the US

Semiconductor chips are seen on a computer circuit board in this illustration picture taken on February 25, 2022. — Reuters Taiwan offers $250 billion in investment in exchange for lower tariffs. Fast-growing Taiwanese chipmaker TSMC is looking to expand into Arizona. Taiwan needs to ‘keep our president happy’, US official says. WASHINGTON: The US and Taiwan struck a trade deal on Thursday that cuts tariffs on many of the semiconductor powerhouse’s exports, directs new investment into the US technology industry and risks angering China. The deal deepens the Trump administration’s ties with Taipei at a critical time as China steps

January 14, 2026

News Desk

Pakistan signs crypto deal linked to Trump family to explore stablecoin payments

The finance minister says digital innovation will be pursued in line with regulations and the national interest Finance Minister Muhammad Aurangzeb signs MoU with SC Financial Technologies on 14 January. — Photo via X/@PakistanVARA Pakistan has signed an agreement with a company linked to World Liberty Financial, the main cryptocurrency business linked to US President Donald Trump’s family, to explore the use of a dollar-pegged stablecoin for cross-border payments, the government said on Wednesday. The Virtual Asset Regulatory Authority of Pakistan said it had signed a memorandum of understanding with SC Financial Technologies, which it described as an affiliate of

January 11, 2026

News Desk

Trump warns about oil, suggesting Cuba make deal with US

US President Donald Trump speaks during a meeting with US oil company executives in the East Room of the White House in Washington, DC on January 9, 2026. — AFP Cuba lived off Venezuela’s oil, money for years: Trump Trump nominates Rubio to be Cuba’s next leader. US intelligence is unclear whether the island nation is “ready to fall”. US President Donald Trump suggested on Sunday that Cuba should strike a deal with Washington, warning that the island nation would no longer receive oil or money from Venezuela. Venezuela is Cuba’s largest oil supplier, but after Venezuelan President Nicolas Maduro

January 11, 2026

News Desk

India eyeing new markets amid US trade deal vacuum

U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint news conference at the White House in Washington on February 13, 2025. — Reuters Potential 50% US tariffs threaten job losses. India increases exports to EU, China: exporter. Diversification is essential to reduce dependency. MUMBAI: India is aggressively pursuing trade deals to open markets for exporters and soften the blow of steep US tariffs as efforts to secure a deal with Washington remain elusive. Relations between Washington and New Delhi soured in August after President Donald Trump raised tariffs to 50 percent, a

January 9, 2026

News Desk

India-US trade deal stalled after Modi did not call Trump, official says

Indian Prime Minister Narendra Modi speaks during a joint press conference with US President Donald Trump at the White House in Washington, DC, US, February 13, 2025. — Reuters Trump warns tariffs will rise if Russian oil imports are not curbed. The Indian rupee hit a record low on US tariff pressure. India is seeking a mid-range tariff rate. Lutnick says the offer has expired. NEW DELHI: India’s trade deal with the United States has been delayed because Prime Minister Narendra Modi did not call President Donald Trump to seal a deal they were negotiating, US Commerce Secretary Howard Lutnick

January 8, 2026

News Desk

Government to ‘fully liberalize sugar sector by June 2026’ under IMF deal

Crystalline white sugar and sugar cubes are seen in this picture taken on December 16, 2018. — Reuters The government will remove price controls on sugar and cane. Restrictions on the creation of new sugar mills are removed. To remove zonal restrictions on sugarcane cultivation. Islamabad: Pakistan has committed to the International Monetary Fund to fully liberalize its sugar industry by the end of June 2026, ending long-standing government oversight of prices, production and trade, The News it said on Thursday, citing sources. The move aims to hand over the entire sugar economy, from farms to mills and markets, to

January 7, 2026

News Desk

US secures $2bn oil deal with Venezuela after Maduro’s arrest

Trump to redirect crude supplies from China as Washington tightens control of Venezuela’s energy sector Venezuelan oil. Photo: AFP (file) Caracas and Washington have reached a deal to export up to $2 billion worth of crude oil to the United States, US President Donald Trump said on Tuesday, a landmark deal that would divert supplies from China while helping Venezuela avoid deeper cuts in oil production. The deal is a strong sign that Venezuela’s government is responding to Trump’s demand that they open up to US oil companies or risk more military intervention. Trump has said he wants interim President

December 29, 2025

News Desk

Trump says Ukraine peace deal ‘closer than ever’, but territorial dispute not resolved

US president hosts Zelensky at Mar-a-Lago a day after Russian incursions into Kiev, territory remains key sticking point US President Donald Trump and Ukrainian President Volodymyr Zelensky met in the Oval Office of the White House in Washington on February 28. PHOTO: AFP US President Donald Trump said Sunday that a deal was closer than ever to end Russia’s invasion of Ukraine, but he reported no apparent progress on the territory after fresh talks with the leaders of the warring nations. Trump, who had promised a peace deal on the first day of his nearly year-long presidency, said it would

December 28, 2025

News Desk

PIA deal, rate cut push PSX to peak

KARACHI: Pakistan’s equity market closed the week ended December 26, 2025 on a strong footing as the KSE-100 index gained 0.58% on a weekly basis, extending its record run amid a convergence of positive macroeconomic and political developments. Investment sentiment was supported by the successful privatization of Pakistan International Airlines (PIA), which was sold to an AHCL-led consortium for Rs135 billion, marking the country’s first major divestment in nearly two decades and a key milestone under the IMF programme. The market was also supported by the State Bank of Pakistan’s decision to cut the policy rate by 50 basis points

December 26, 2025

News Desk

Fauji Fertilizer joins Arif Habib Consortium in PIA privatization deal

View of Pakistan International Airlines (PIA) passenger plane. — APP/File The consortium plans to increase operational aircraft from 18 to 62. Rs 125 billion will be invested in the first year to upgrade land businesses. The new owner is expected to take over in April, subject to approvals. Arif Habib Consortium has announced that Fauji Fertilizer Company Limited has joined its consortium which acquired 75% stake in Pakistan International Airlines with the highest bid of Rs 135 billion in an auction held for the national carrier’s privatization process. The joint venture, in its statement issued on Thursday, said the partnership

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