More from breaking-news
Troops and federal agents briefly descend on L.A.s MacArthur Park in largely immigrant neighborhood
Texas floods shine spotlight on Trump's weather and disaster cuts
Another Ship Attacked In Red Sea Day After Houthis Claimed To Have Sunk A Bulk Carrier
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
23 minutes ago
- Time of India
Trump hints at Indonesia-style trade pact with India; experts warn of one-sided terms
US President Donald Trump has said that the proposed trade deal with India would be on the lines of what America has finalised with Indonesia on Tuesday. Under the US-Indonesia trade pact, the Southeast Asian nation will provide complete access to its market to US products, while Indonesian goods would attract a 19 per cent duty in America. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Degree Project Management Cybersecurity Data Science MCA PGDM Technology Public Policy others Data Analytics Healthcare Others MBA Digital Marketing Operations Management Product Management Leadership Design Thinking Data Science healthcare Management CXO Finance Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details In addition, Indonesia has committed to purchasing USD 15 billion in US energy, USD 4.5 billion in American Agricultural Products, and 50 Boeing jets. Later, while talking to reporters, Trump said: "India is basically working along that same line. We are going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn't go in, and now we are getting access because of what we are doing with the tariffs…' The Indian team is in Washington for the fifth round of negotiations for the proposed bilateral trade agreement (BTA). Live Events Commenting on Trump's remarks, economic think tank GTRI said if India were to accept such a "lopsided" arrangement, it could expose its domestic sectors, especially dairy and agriculture, to duty-free US goods while gaining little in return. "A bad deal, especially one that removes India's tariffs without reciprocal benefits, could be worse than no deal at all," GTRI Founder Ajay Srivastava said, adding India must therefore negotiate transparently, guard against one-sided outcomes, and not succumb to pressure for quick, symbolic agreements that compromise long-term economic interests. The visit of Indian commerce ministry team to Washington is important as both sides have to iron out issues in sectors, like agriculture and automobiles. It is also important as the US has further postponed the imposition of additional tariffs on several countries, including India, until August 1. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. India is seeking the removal of this additional tariff (26 per cent). It is also seeking the easing of tariffs on steel and aluminium (50 per cent) and the auto (25 per cent) sectors. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. US President Donald Trump announced heavy tariffs on a number of countries, including India, on April 2. However, the imposition was postponed for 90 days until July 9 and later to August 1. The US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, and agri goods, like dairy items, apples, tree nuts, and genetically modified crops. On the other hand, India is seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas in the proposed trade pact. The two countries are looking to conclude talks for the first tranche of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. Before that, they are looking for an interim trade pact. India's merchandise exports to the US rose 21.78 per cent to USD 17.25 billion in April-May this fiscal year, while imports rose 25.8 per cent to USD 8.87 billion.
&w=3840&q=100)
Business Standard
38 minutes ago
- Business Standard
US will have Indonesia-type trade deal with India: Donald Trump
US President Donald Trump has said that the proposed trade deal with India would be on the lines of what America has finalised with Indonesia on Tuesday. Under the US-Indonesia trade pact, the Southeast Asian nation will provide complete access to its market to US products, while Indonesian goods would attract a 19 per cent duty in America. In addition, Indonesia has committed to purchasing $15 billion in US energy, $4.5 billion in American Agricultural Products, and 50 Boeing jets. Later, while talking to reporters, Trump said: "India is basically working along that same line. We are going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn't go in, and now we are getting access because of what we are doing with the tariffs The Indian team is in Washington for the fifth round of negotiations for the proposed bilateral trade agreement (BTA). Commenting on Trump's remarks, economic think tank GTRI said if India were to accept such a "lopsided" arrangement, it could expose its domestic sectors, especially dairy and agriculture, to duty-free US goods while gaining little in return. "A bad deal, especially one that removes India's tariffs without reciprocal benefits, could be worse than no deal at all," GTRI Founder Ajay Srivastava said, adding India must therefore negotiate transparently, guard against one-sided outcomes, and not succumb to pressure for quick, symbolic agreements that compromise long-term economic interests. The visit of Indian commerce ministry team to Washington is important as both sides have to iron out issues in sectors, like agriculture and automobiles. It is also important as the US has further postponed the imposition of additional tariffs on several countries, including India, until August 1. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. India is seeking the removal of this additional tariff (26 per cent). It is also seeking the easing of tariffs on steel and aluminium (50 per cent) and the auto (25 per cent) sectors. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. US President Donald Trump announced heavy tariffs on a number of countries, including India, on April 2. However, the imposition was postponed for 90 days until July 9 and later to August 1. The US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, and agri goods, like dairy items, apples, tree nuts, and genetically modified crops. On the other hand, India is seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas in the proposed trade pact. The two countries are looking to conclude talks for the first tranche of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. Before that, they are looking for an interim trade pact. India's merchandise exports to the US rose 21.78 per cent to $17.25 billion in April-May this fiscal year, while imports rose 25.8 per cent to $8.87 billion.
Indian Express
38 minutes ago
- Indian Express
Trump calls Epstein case ‘boring', says only ‘bad people' want it pursued
US President Donald Trump has dismissed the secretive investigation into Jeffrey Epstein as 'boring' and only of interest to 'bad people,' even as pressure mounts from his own MAGA base to release details of the case. The US President, who is facing growing backlash over suspicions that his administration is shielding powerful names tied to the convicted sex offender, insisted he supports releasing any 'credible' information. 'I don't understand why the Jeffrey Epstein case would be of interest to anybody,' Trump told reporters Tuesday night when asked about his supporters' obsession with the matter. 'It's pretty boring stuff. It's sordid, but it's boring, and I don't understand why it keeps going. I think really only pretty bad people, including fake news, want to keep something like that going.' He added: 'But credible information, let them give it. Anything that is credible, I would say, let them have it.' U.S. President Trump: 'I don't understand why the Jeffrey Epstein Case would be of interest to anybody. It's pretty boring stuff, it's sordid but it's boring, and I don't understand why it keeps going. I think really only pretty bad people, including fake news, want to keep… — OSINTdefender (@sentdefender) July 15, 2025 Trump's comments come amid escalating demands for transparency from within the Republican party. Many conservatives believe the administration is suppressing Epstein-related documents to protect elites — some of whom were close to the late financier. The controversy flared again last week when the Justice Department concluded that Epstein died by suicide in 2019 while in federal custody, and stated there was no list of clients to be made public. Attorney General Pam Bondi, who previously claimed Epstein's client list was 'sitting on my desk right now to review,' has become a particular focus of MAGA anger. Adding to the internal pressure, even Trump's daughter-in-law, Lara Trump, said on Fox News: 'I do think that there needs to be more transparency on this.' On Tuesday, House Speaker Mike Johnson also broke ranks, calling for the Justice Department to release Epstein documents. 'It's a very delicate subject, but we should put everything out there and let the people decide it,' Johnson told rightwing podcaster Benny Johnson. 'I agree with the sentiment that we need to put it out there.'
