Mukesh Ambani playing big role in making America great again, Trump will be happy because…, China is now…
Mukesh Ambani’s Reliance Industries news: In a big move possibly impacting the US-India trade relations, Mukesh Ambani’s Reliance Industries is set to import liquefied ethane from the US Gulf Coast to its terminal. As per media reports, Reliance Industries is reportedly considering importing liquefied ethane from the U.S. Gulf Coast to its Dahej, Gujarat terminal. Readers must note that the US export ship was earlier destined for China but as of the recent move, it’s coming to Mukesh Ambani’s Reliance terminal. Here are all the details you need to know about the recent development and how it may impact India-US trade relations.
As per a report by the Economic Times, Mukesh Ambani’s Reliance Industries is increasing its petrochemical operations through the US imports, a move which has been move described by Bloomberg as “making America great again.
Readers should also note that Reliance is importing cheaper and more efficient U.S. ethane, which will cut costs and boost petrochemical output, a move which is expected to help reduce pressure on Indian refiners and supports US exports.
US President Donald Trump issues warning to Trump
In the ongoing trade-war discussions, US President Donald Trump issued a strong warning to countries supporting what he termed were the anti-American policies of BRICS. In a social media post, Trump stated that any country aligning itself with the “Anti-American policies of BRICS” will face an additional 10 per cent tariff on goods.
“There will be no exceptions to this policy,” Trump wrote, adding, “Thank you for your attention to this matter!”
Trump’s statement signals a hard stance from the U.S. administration against what it sees as growing opposition from BRICS nations. The response came after the joint statement of the finance ministers and Central Bank Governors (FMCBG) Meeting of BRICS nations voiced against the unilateral imposition of trade and finance-related actions, including the raising of tariffs and non-tariff measures.
(With inputs from agencies)
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