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Senior officials from both countries say they were still waiting to hear final details on the deals after comments by the U.S. commerce secretary, Howard Lutnick.
The move came two weeks after the Trump administration reversed course to allow Nvidia to sell the coveted artificial intelligence chips in China.
India’s Prime Minister Narendra Modi (L) attends a meeting with US President Donald Trump during the G20 Osaka Summit in Osaka on June 28, 2019. Brendan Smialowski | AFP | Getty Images In the frenzied run-up to Friday, Aug. 1 — the day when U.S. President Donald Trump’s new tariffs come into effect (no more…
AMANDA KERSEY: Welcome to HBR On Leadership, case studies and conversations with the world’s top business and management experts—hand-selected to help you unlock the best in those around you. I’m HBR senior editor and producer Amanda Kersey. If you lead an executive team—or are part of one—how confident are you in its ability to drive…
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Treasury Secretary Scott Bessent’s comments about the safety net program ventured onto the so-called third rail of American politics.
The agreement comes after other American allies, like Japan, clinched their own deals to partly moderate President Trump’s tariff threats.