Latest news with #Chinese-dominated
Sydney Morning Herald
4 days ago
- Business
- Sydney Morning Herald
Trump's tariff strike on India plays into China's hands
Singapore: When Indian Prime Minister Narendra Modi travels to Shanghai later this month, as leaked reports suggest he will, it will mark the first time in seven years he has met Chinese President Xi Jinping on his home turf. It will also send an unmistakable signal of the growing détente between Asia's two heavyweight nuclear powers after a period of escalating tensions and border conflict. If US President Donald Trump makes good on Wednesday's vow to double tariffs on Indian exports into America, Modi would arrive in China for the Shanghai Co-operation Organisation on August 31 with his relationship with Beijing's chief rival under newfound strain. At 50 per cent, the tariff would be among the highest the Trump administration has imposed on its trading partners. Half of that figure is in retaliation for India's purchases of Russian oil. Notably, China, the world's largest buyer of Russia's fossil fuels, has so far escaped a similarly punitive measure. Tightening the screws on Russia by strangling its wartime economy has been a key tool of the United States and its allies to try to force Vladimir Putin to abandon his ambitions to annex Ukraine. But Trump's surprise decision to single out India for punishment – and his confrontational approach to trade negotiations, including disparaging India's economy as 'dead' – is a high-risk gamble that undermines years of US-led efforts to build trust with India. Loading On the world stage, India plays a careful hand, wary of being pulled too closely into either China's or America's orbit. It is a member of both the Chinese-dominated BRICS forum, which was set up as an alternative to US-led institutions, and the Quad security dialogue with the United States, Australia, and Japan. For more than two decades, the US has courted India as a strategic ally, efforts that have escalated in recent years as America and its allies have increasingly seen India as a counterweight to China's growing assertiveness in the region. 'China would be pleased to see this going on,' says Dr Lavina Lee, director of foreign policy and defence at the United States Studies Centre in Sydney.
The Age
4 days ago
- Business
- The Age
Trump's tariff strike on India plays into China's hands
Singapore: When Indian Prime Minister Narendra Modi travels to Shanghai later this month, as leaked reports suggest he will, it will mark the first time in seven years he has met Chinese President Xi Jinping on his home turf. It will also send an unmistakable signal of the growing détente between Asia's two heavyweight nuclear powers after a period of escalating tensions and border conflict. If US President Donald Trump makes good on Wednesday's vow to double tariffs on Indian exports into America, Modi would arrive in China for the Shanghai Co-operation Organisation on August 31 with his relationship with Beijing's chief rival under newfound strain. At 50 per cent, the tariff would be among the highest the Trump administration has imposed on its trading partners. Half of that figure is in retaliation for India's purchases of Russian oil. Notably, China, the world's largest buyer of Russia's fossil fuels, has so far escaped a similarly punitive measure. Tightening the screws on Russia by strangling its wartime economy has been a key tool of the United States and its allies to try to force Vladimir Putin to abandon his ambitions to annex Ukraine. But Trump's surprise decision to single out India for punishment – and his confrontational approach to trade negotiations, including disparaging India's economy as 'dead' – is a high-risk gamble that undermines years of US-led efforts to build trust with India. Loading On the world stage, India plays a careful hand, wary of being pulled too closely into either China's or America's orbit. It is a member of both the Chinese-dominated BRICS forum, which was set up as an alternative to US-led institutions, and the Quad security dialogue with the United States, Australia, and Japan. For more than two decades, the US has courted India as a strategic ally, efforts that have escalated in recent years as America and its allies have increasingly seen India as a counterweight to China's growing assertiveness in the region. 'China would be pleased to see this going on,' says Dr Lavina Lee, director of foreign policy and defence at the United States Studies Centre in Sydney.
Time of India
10-07-2025
- Business
- Time of India
India's rare earth ambitions get a boost with big industry backing
India is moving ahead with a strategic incentive plan aimed at bolstering domestic manufacturing of rare-earth magnets , a critical component for electric vehicles (EVs), wind turbines, and other green technologies. The proposed scheme, with an estimated outlay of up to ₹2,500 crore (around $290 million), has already attracted preliminary interest from major industrial players, according to sources familiar with the matter told Bloomberg . The policy draft is expected to be submitted to the Union Cabinet for approval soon. While the final contours of the plan, including financial allocations, are still under review and could undergo changes, the move signals a significant shift in India's approach to securing critical mineral supply chains . Who all are interested? Mining conglomerate Vedanta Group , led by Anil Agarwal, JSW Group under Sajjan Jindal, and leading EV component manufacturer Sona BLW Precision Forgings are among the companies expressing early interest in participating in the initiative. The programme seeks to reduce India's heavy dependence on China, which currently dominates nearly 90 per cent of global rare earth processing and magnet production. India's urgency to promote domestic capacity has grown in the wake of China's decision to tighten export controls on rare earths amid escalating trade tensions with the United States. These curbs have disrupted global supply chains, particularly for the automobile industry, which relies on rare-earth magnets for EV motors and hybrid drivetrains. The proposed Production-Linked Incentive (PLI)-style framework is expected to support investments in mining, refining, and manufacturing of permanent magnets, and could help catalyse India's ambitions to become a competitive global supplier of critical materials. If implemented, the scheme could not only boost India's self-reliance in advanced manufacturing but also attract global partners looking to diversify away from Chinese-dominated supply chains.
Focus Malaysia
26-06-2025
- Politics
- Focus Malaysia
Ramasamy at odds with Sivakumar, Thulsi's appt to DAP's CEC: They'll have no impact on Indians
I REALLY wonder how the appointment of V. Sivakumar, the former short-lived human resources minister along with Buntong (Perak) state assemblywoman M. Thulsi to the DAP's central executive committee (CEC) can boost Indian support for the party. I think DAP is finally experiencing the syndrome of closing the gates of the stables after the horses have bolted. Appointing the two Indian politicians will have no significant impact on the party in terms of getting the support of the Indians in the country. Indian support for DAP in the Pakatan Harapan (PH) coalition reached its peak in the 2022 general elections. However, the support dropped in the state elections in 2023 and from then onwards, Indian support for both DAP and PKR declined firther. The recent by-elections provide a good indication of the waning support for the so-called multi-racial parties such as DAP and PKR. As these parties are focusing their attention on the Chinese and Malays respectively, the concept of multi-racialism has been rendered hollow and meaningless. The rise of nepotism in PKR and the appeasement politics of DAP leaders predicated on power, positions and perks have rendered both unattractive to Indians. Appointing Indian leaders without any support base among the grassroots Indians might not ingratiate the Chinese-dominated party to the rank-and-file Indians. It is well and good to argue from the comforts of distance about the heroic efforts of DAP to enlarge its Indian support base. The party has proven beyond reasonable doubt that it cares little for Indians and Malays. These ethnic groups are window dressing for the DAP to reveal its multiracial character. By the way, multi-racialism is dead and gone in DAP or PKR. Indians cannot be lured into this political trap in the future. Indians in the country want both [parties to lead them on the basis of dignity and pride. This is essentially what the United Rights of Malaysian Party (Urimai) intends to do. – June 26, 2025 Former DAP stalwart and Penang chief minister II Prof Ramasamy Palanisamy is chairman of the United Rights of Malaysian Party (Urimai) interim council. The views expressed are solely of the author and do not necessarily reflect those of Focus Malaysia.
Roya News
01-05-2025
- Business
- Roya News
US secures access to Ukraine's minerals in historic economic deal
The United States and Ukraine finalized a landmark economic partnership on April 30, 2025, granting the US preferential access to Ukraine's vast mineral resources. The deal, signed after months of intense negotiations, establishes a joint investment fund aimed at supporting Ukraine's reconstruction while bolstering US access to critical materials like titanium, uranium, and rare earth minerals. The agreement, described as 'historic' by US Treasury Secretary Scott Bessent, allows American investors first rights to new projects involving Ukraine's natural resources, including aluminum, graphite, oil, and gas. In exchange, the US will contribute to a reconstruction fund, with future military aid potentially counted as part of its investment. Ukrainian Deputy Prime Minister Yulia Svyrydenko emphasized that Ukraine retains full control over its resources, with the deal designed to attract global investment for post-war recovery. 'This agreement signals to Russia that the Trump administration is committed to a free and prosperous Ukraine,' Bessent said, highlighting the deal's geopolitical weight amid ongoing efforts to broker peace in Ukraine's conflict with Russia. Ukraine's mineral deposits, part of the geologically rich Ukrainian Shield, include 22 of the 50 materials deemed critical by the US Geological Survey, vital for aerospace, electronics, and clean energy technologies. The deal aims to reduce US reliance on Chinese-dominated mineral markets while supporting Ukraine's economic resilience. Despite the optimism, some Ukrainian opposition leaders have raised concerns about the terms, calling for transparency to ensure the agreement aligns with national interests. Russian official Dmitry Medvedev criticized the deal, claiming it forces Ukraine to 'pay for American aid.'
