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Switzerland Races to Avert 31% U.S. Tariff While Preserving EU Trade Ties

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United St

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United States to avert an impending 31% tariff. The recent approval of a significant change to Swiss trade policy with the EU by the cabinet has complicated negotiations with Washington. More access for U.S. citrus and seafood is one concession officials are considering, but they maintain that any agreement must respect multilateral principles and not jeopardise EU accords. Prior to the July 9 deadline, Swiss politicians aim to avoid more severe penalties, although the present 10% baseline tax may be maintained. To keep Swiss companies from lagging behind EU rivals in the U.S. market, business associations are calling for a prompt resolution, given the significant pharmaceutical exports at risk. Read More..

B2B Tech News | 3 months ago        

BRICS to Launch NDBBacked Guarantee Fund to Unlock Private Investment

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Dev

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Development Bank NDB. By reducing investor risk, the fund, which is modelled after the World Banks MIGA, seeks to draw private investment for development, infrastructure, and climate initiatives. It is pending final approval from the BRICS finance ministers, which is merely a formality, after receiving technical approval. The project is expected to mobilise $5–$10 in private investment for every $1 in guarantees, leveraging current NDB resources rather than requiring additional funding. The fund will be emphasised during the next BRICS summit in Rio, indicating the blocs intention to increase its worldwide impact and financial cooperation. Read More..

B2B Tech News | 3 months ago        

Ishiba Rebuts Trump’s Trade Claims as July 9 Tariff Deadline Looms

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. Pres

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. President Donald Trump might be confused about trade issues. Trump asserted that Japan doesnt utilise American automobiles or purchase American rice, claims Ishiba denied, pointing out that domestic shortages had lately forced Japan to import record amounts of American rice. Despite Trumps threats of 30–35% tariffs, Ishiba stressed that talks are moving forward without providing specifics. The conflict revolves around trade in cars and agricultural products, and Japan is refusing to make any compromises before its upper house election on July 20. Ishiba emphasised that Japan is the biggest foreign investor in the United States and reiterated its dedication to safeguarding national interests. Read More..

B2B Tech News | 3 months ago        

Lula Urges Mercosur to Deepen Ties With Asia, Citing Global Value Chain Shift

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen i

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen its links with it during the Mercosur meeting in Buenos Aires. In order to improve involvement in global value chains, he underlined deeper integration with China, South Korea, India, Vietnam, Indonesia, Japan, and others. Assuming Mercosurs rotational presidency, Lula also promised to modernise digital payment systems, increase collaboration with Canada and the UAE, and complete the EUMercosur trade agreement. Combating organised crime, advancing technological advancement, and addressing climate change are all on his agenda. Argentinas president, Javier Milei, threatened to pursue a unilateral U.S. trade accord if Mercosur delays, highlighting regional tensions during the conference. Read More..

B2B Tech News | 3 months ago        

Ant Group Invests $3.26B in R&D, Signals Deepening AI and Fintech Focus

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending ha

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending has climbed. The funding, which was disclosed in its 2024 sustainability report, highlights Ants foray into fintech and artificial intelligence in the context of Chinas larger technological aspirations. Alipays parent business is now rebuilding following regulatory hurdles that prevented its 2020 initial public offering. Alibaba, Ants parent company, is rapidly expanding AI globally as well, investing $52 billion over three years on cloud and AI infrastructure. Ants R&D priorities complement Alibabas intentions to extend Qwen LLMs to international data centres as well as its alliances with Microsoft, Nvidia, and Siemens. This action demonstrates Chinas strategic focus on AI leadership and the modernisation of digital banking. Read More..

B2B Tech News | 3 months ago        

U.S.–China Sign Trade Pact Granting Rare Earth Access, Easing Tech Tensions

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access t

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access to rare earth materials. Following previous negotiations in Geneva and London that reduced tariff tensions, President Trump announced the agreement, which Commerce Secretary Howard Lutnick confirmed. While the U.S. will relax some limitations on Chinese nationals, China will speed up export certifications for rare earths, which are essential for technology and defence. Both sides referred to the agreement as "signed and sealed," but neither party provided exact volumes or deadlines. In light of the uncertain global economy, the agreement represents a major deescalation in trade hostilities and reflects shared efforts to stabilise supply chains and strengthen bilateral connections. Read More..

B2B Tech News | 3 months ago        

Piyush Goyal to Meet Exporters Amid May Decline and West Asia Tensions

On June 30, Commerce Minister Piyush Goyal will meet with exporters and business executives to discuss Indias export difficulties in the context of We

On June 30, Commerce Minister Piyush Goyal will meet with exporters and business executives to discuss Indias export difficulties in the context of West Asian tensions and continuing trade talks with the United States, United Kingdom, and European Union. Following a 2.17% drop in Mays goods exports, the government is aiming for $900 billion in exports in FY26. Freight costs, reciprocal tariffs, and trade disruptions—particularly with regard to the textile industry—will all be discussed. India depends on the Strait of Hormuz for its energy imports, and the ceasefire between Iran and Israel has reduced shipping dangers along this crucial route. Additionally, India is working to complete free trade agreements and prevent tariff increases before the July 9 reciprocaltariff suspension deadline. Read More..

B2B Tech News | 3 months ago        

Thai Finance Minister Heads to U.S. to Avert 36% Tariff on Exports

In an effort to avoid imposing a high 36% tariff on Thai exports, Thai Finance Minister Pichai Chunhavajira is visiting the United States for two days

In an effort to avoid imposing a high 36% tariff on Thai exports, Thai Finance Minister Pichai Chunhavajira is visiting the United States for two days of exchange discussions. There is urgency since a moratorium ends on July 9 and, if no new agreement is reached, the U.S. may slap even higher tariffs. Most countries are currently subject to a 10% tariff during the hiatus. It was hoped by Chunhavajira that Thailands rate would not be higher than that of other nations. The goal of Thai officials is to achieve better terms and prolong the negotiation window. For Thai exporters, the negotiations are crucial since a bad outcome might increase costs and reduce competitiveness in the already volatile world trade environment. Read More..

B2B Tech News | 3 months ago        



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