Rare earth, LAC, Dalai, Pakistan could figure in India-China talks
India-Pakistan conflict
and the resumption of direct flights between the two countries when external affairs minister S Jaishankar meets his Chinese counterpart Wang Yi in Beijing this week.
On his maiden visit to China since the Galwan clash in June 2020, Jaishankar will also engage with Wang Yi to prepare for the PM's possible visit to China for the SCO summit and meeting with Chinese President Xi Jinping in early September, it is learnt.
At the SCO foreign ministers' meet, focus will be on India's SCO formulation on terror and the Pahalgam attack, sources indicated. On the sidelines, Jaishankar could meet his counterparts from Iran and Russia, among others.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
[화제]불면증 완화 해주는 "이 원료" 주목.. 4060 여성들 사이에서 최대 이슈
소나무
더 알아보기
Undo
Chinese restriction on rare earth magnet supplies to India has sparked concerns here. China controls about 90% of the global supply, posing risks to supply chains worldwide. In April, China imposed tighter export controls on rare earth magnets-critical components for electric vehicles, wind turbines and electronics. The move resulted in a sharp drop in global shipments and rising uncertainty across supply chains.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
25 minutes ago
- India Today
Kerala woman's UAE horror: Kills child, self after dowry torture, molestation
5:04 External Affairs Minister S. Jaishankar met with Chinese President Xi Jinping on the sidelines of the SCO Summit, his first visit to China in five years. During the meeting, Jaishankar raised concerns about trade restrictions imposed by China, including controls on rare earth material exports that affect India's EV sector and the blocking of tunnel boring machines for the bullet train project. He stressed the need to normalize relations and people-to-people exchanges, stating, 'It is also essential in this context that restrictive trade measures and roadblocks are avoided.' The discussions also covered the need to complete the border disengagement and de-escalation process and the sharing of hydrological data for the Brahmaputra River. This meeting occurs as efforts are underway to repair relations following the October 2024 meeting between Prime Minister Narendra Modi and President Xi in Kazan.
Mint
26 minutes ago
- Mint
Trump's copper tariff: Twisted logic won't help re-industrialize America
US President Donald Trump's proposed 50% tariff on copper imports is emblematic of his administration's incoherent approach to economic policy: Soaked in nostalgia for America's industrial past, it pursues strategies that will make it harder for US manufacturers to succeed now and in the future. Trump noted that copper 'is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons, of which we are building many." So why would you then want to raise taxes on copper? Increasing the price Americans pay for copper makes the US a less desirable location for building aircraft, ceding advantage to competing producers in Europe, Brazil and Canada. It makes it harder to establish a domestic semiconductor manufacturing industry. It exacerbates the already dire state of the US shipbuilding industry, which is wholly reliant on protectionist policies. Also Read: Copper offers India a glowing hot opportunity: Now for a strategy The strategic value of copper might be a basis for protectionism if the US were getting its copper from hostile or unstable countries. But copper is not a rare earth mineral for which the US must rely on Chinese suppliers, nor is it like oil in the pre-fracking era, when the US had to import it from questionable regimes in the Middle East. The majority of US copper imports come from Chile, and the next two major suppliers are Canada and Peru. Meanwhile, America also has a robust domestic copper industry, which accounts for about half the copper used in the US. The majority of this copper comes from the swing state of Arizona, which may offer a narrow partisan rationale for copper protectionism. But there is no strategic problem with importing copper from friendly countries in the Western Hemisphere— and every reason to worry that deliberately raising the price of a widely used production input will hamper US competitiveness in crucial industries. This is, unfortunately, not an unusual consequence of Trump's trade policy: By applying taxes on intermediate goods, he is encouraging the US to specialize in resource extraction and primary commodities at the expense of complicated manufactured goods. Also Read: American puzzle: Trump's tariffs have resulted in an inflation paradox 'Industrial policy' functions by moving a nation's economy up the value chain. In the early days of the American Republic, for example, Alexander Hamilton worried that the US would continue to be a de facto economic colony of Europe. As a sparsely populated nation with abundant natural resources, a totally unregulated market might have caused America to specialize in exporting raw materials to Europe, which would in turn export manufactured goods back to America. As an alternative, he proposed protective tariffs to promote the growth of US industry. Trump borrows his own tariffs from the Hamiltonian tradition, but completely misses the larger logic of the programme and the altered nature of the modern economy. Over time, as the world has become richer and shipping has become cheaper, the cutting edge of manufacturing has become increasingly complicated. These days it's common to assemble a finished product from parts made in countries all around the world, with each part itself containing a staggering array of raw materials. Countries get richer by specializing at the more complex end of the spectrum. To the extent that you can boost US natural-resource production by eliminating low-benefit regulatory barriers, that's a win. But boosting the US copper-extraction industry at the expense of US copper-using industries is a recipe for de-industrialization. And much the same applies to Trump's obsession with protectionism for industries like steel and aluminium. For the US to be a manufacturing powerhouse, its industries need access to the cheapest possible inputs. Also Read: Chinese history shows how a closed economy could squander a nation's greatness It's also worth considering that even though 19th-century pro-industrialization politicians favoured tariffs, Trump is likely overrating their importance in promoting the growth of factories. One important manufacturing input, after all, is workers. The kind of quasi-open borders of the Gilded Age would probably not be a major boost to US manufacturing today. But a serious industrial policy would consider the case for a visa programme for skilled workers with experience in fields such as semiconductors, batteries and shipbuilding. At a minimum, the goal should be to avoid actions that make things worse. Copper is important because it's used to make other stuff. The goal of US trade policy, not to say industrial policy, should be to help America become a better place to make stuff that the world wants. Trump's nostalgia economics is pushing the US further from that goal. ©Bloomberg The author is a columnist for Bloomberg Opinion.
Time of India
27 minutes ago
- Time of India
Tesla Model Y bookings open now: How to get the Tesla Model Y in Delhi, Gurugram or Mumbai
Tesla, under Elon Musk, has switched on the lights in India. Its first official showroom, a 4,000-square-foot space inside Maker Maxity Mall at Bandra Kurla Complex, Mumbai, opened its doors with two Model Y units standing tall under bright lights. Last Friday, Tesla's India handle teased its arrival with a simple post on X: 'Coming soon.' Now it's here. This is Tesla's first real attempt to crack the Indian market, a plan years in the making, nudged forward by a new EV policy that makes import duties less brutal — though they're still high. Prices aren't shy. The standard rear-wheel drive version kicks off at Rs 59.89 lakh. Want more range? The long-range variant comes in at Rs 67.89 lakh. That's a chunk above what Americans pay, thanks to India's 70–110% import duties. Bloomberg points out the gap: the Indian price is about a third higher than in the US, federal tax credits not included. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo A long wait for delivery You can put money down today, but don't expect the car outside your house tomorrow. Deliveries begin after September 2025. Tesla will use the next few months to wrap up regulatory paperwork, fix the last-mile logistics and get its after-sales network in place. The Mumbai showroom opened hot on the heels of Tesla's regulatory nod from the Andheri RTO. A trade certificate landed on 11 July, giving Tesla the green light to test-drive and sell its cars here. Live Events Shanghai to India: A straight drive The Model Y units in India come straight from Tesla's Shanghai factory. Union Minister HD Kumaraswamy confirmed that for now, there's no plan to build Teslas in India. All eyes will be on whether that changes, depending on how big the demand turns out to be. Next Up: Delhi and Gurugram After Mumbai, the capital gets its turn. Tesla plans its second showroom in Delhi soon, followed by Gurugram. These three cities cover India's biggest urban EV prospects for now. Tesla also promises India its next-gen V4 Superchargers. Expect four charging hubs in Delhi to start with, housing sixteen Superchargers. These chargers promise a 267-km top-up in 15 minutes — a solid pitch for anyone worried about range. How to book your Tesla: What you need to know If you've waited this long for a Tesla badge on your driveway, booking is simple. Head to Tesla's website, pick 'India & English' in the region settings, then hit 'Order Now'. You'll choose between two variants: Model Y RWD: Claimed range of 500 km (WLTP) Model Y Long Range RWD: Up to 622 km (WLTP) Registration is open for Delhi, Gurugram and Mumbai. Depending on your city, prices shift. For example, Gurugram adds road tax, while Delhi and Mumbai skip it. Paint it your way Six paint jobs are on offer. Stealth Grey is standard, so you pay nothing extra. Want something flashier? Pearl White Multi-Coat and Diamond Black: Rs 95,000 extra Glacier Blue: Rs 1.25 lakh Quicksilver and Ultra Red: Rs 1.85 lakh each Inside, you pick an all-black theme or spend Rs 95,000 for a black and white cabin. Self-driving dreams cost extra Fancy full self-driving? It's not cheap — Rs 6 lakh extra. But for Tesla loyalists, it's part of the appeal. Run the numbers and your Model Y can cost anywhere from Rs 61 lakh on-road to around Rs 78 lakh fully loaded, including paint, interior, FSD, GST, TCS and other fees. The booking amount is Rs 22,220 — non-refundable. Within seven days, you'll have to top that up to Rs 3 lakh to lock it in. Pay by card, UPI QR or UPI Collect. Once that's done, it's a waiting game until late 2025. Tesla enters India just as its global sales hit a speed bump. Between April and June this year, worldwide deliveries fell 13%, partly due to backlash over Elon Musk's political views. India is now a fresh playground for Tesla's ambitions. Tesla's India adventure rides on more than sales. It also tests how far a country can go to push EV adoption without home-grown production. For now, the cars come from Shanghai. Whether that changes depends on how many people here think the Model Y is worth the price — and the wait. If you're ready, the link is live:
