Commerce Secretary Howard Lutnick, discussing the new trade agreement between the U.S. and Taiwan, told CNBC that Taiwan-based chip companies who don’t build in the U.S are "likely to face a 100% tariff." Lutnick said the government’s goal is to bring 40% of Taiwan’s semiconductor supply chain to the United States, as Washington pushes to expand domestic chip production amid growing geopolitical competition over access to semiconductors. Full details: cnb.cx/4qHwPSJ | CNBC

India–U.S. Trade Deal Stalled as PM Modi Didn’t Call Trump: U.S. Commerce Secretary! The long-anticipated India–United States trade agreement was delayed because Indian Prime Minister Narendra Modi did not make a direct phone call to President Donald Trump to finalise the negotiations, U.S. Commerce Secretary Howard Lutnick claimed on Friday. | The Asian Chronicle

The trade and economic teams of China and the United States held in-depth and candid discussion over important topics of respective concerns, a senior Chinese official said here on Sunday. Li Chenggang, China international trade representative with the Ministry of Commerce and vice minister of commerce, made the remarks when briefing the press following the new round of China-U.S. economic and trade talks. #ChinaUS #China #UnitedStates #trade | CGTN Frontline