The demand outlook remains strong for the Indian textile sector because of the normalizing channel inventories at the global retailer level, likely tariff hike by US on China, rising labour costs in Vietnam, and ongoing political instability in Bangladesh.
US Press Secretary Karoline Leavitt spoke about the tariffs imposed by the US on China and the visit of Israeli Prime Minister Benjamin Netanyahu to the US.
The US Senate Foreign Relations Committee has approved bipartisan legislation that aims to remove China's "developing country" status. This action by the Senate follows similar legislation passed by the House of Representatives in March
The Office of the Director of National Intelligence on Wednesday (local time) released its 2023 annual threat assessment, which warned of threats against the US posed by China, Russia, North Korea and Iran.
Hawaii [US], October 2 (ANI): Amid heightened Chinese aggression, Australia and the US reaffirmed their "unwavering commitment" to a free and open Indo-Pacific, saying all countries in the region are "free to choose their own destinies".
Honolulu [US], October 2 (ANI): Australia, Japan and US raised alarm over China's "bullying" in Taiwan Strait post US House Speaker Nancy Pelosi's visit to the self-governing island in August this year.
Beijing [China], April 4 (ANI): China under Xi Jinping will be cautious and calibrated in its behaviour towards Taiwan after witnessing the international community's unity and reaction after Russia's war on Ukraine.