Trump says trade deal reached with Vietnam without giving details
"I just made a Trade Deal with Vietnam. Details to follow!" Trump wrote in a post on Truth Social.
AFP
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by Naharnet Newsdesk 03 July 2025, 15:01 Wall Street was largely unchanged early Thursday, hovering near record levels ahead of new U.S. jobs data that is expected to show unemployment ticked up to the highest rates since late 2021. Futures for S&P 500, Nasdaq and Dow Jones Industrial Average each inched up less than 0.1% before the bell. Markets are closed Friday for the July 4 holiday. Treasury yields edged lower ahead of the highly anticipated June jobs report from the Labor Department. Economists believe that hiring slowed again last month as President Donald Trump's trade wars, federal hiring freeze and immigration crackdown squeezes the American job market. Economists project that U.S. employers added 117,500 jobs last month and that the unemployment rate ticked up to 4.3%, which would be the highest since October 2021. However, it's still low enough to suggest that most American workers continue to enjoy job security. Also coming Thursday is a separate report from Labor that will show how many people applied for jobless benefits last week. The report is considered a proxy for layoffs. Though the job market is broadly healthy by historical standards, it appears increasingly under strain as employers contend with fallout from Trump's policies, especially his aggressive tariffs. Tariffs raise prices for businesses and consumers alike and the vast majority of economists believe they make the economy less efficient by reducing competition. They also invite retaliatory tariffs from other countries, hurting U.S. exporters and potentially driving businesses to freeze hiring or cut staff. Many of Trump's stiff proposed taxes on imports are currently on pause, but they're scheduled to kick into effect next week. Unless Trump reaches deals with other countries to lower the tariffs, economists fear they could hurt the economy and worsen inflation. Elsewhere, in Europe at midday, Germany's DAX and Paris' CAC 40 each ticked up 0.1%, while Britain's FTSE 100 gained 0.4%. Tokyo's Nikkei 225, which fluctuated between gains and losses during the day, added 0.1% to 39,785.90. In South Korea, the Kospi rose 1.3% to 3,116.27, while Australia's S&P/ASX 200 slipped 0.1% to 8,589.80. Hong Kong's Hang Seng index lost 0.6% to 24,069.94. The Shanghai Composite index added 0.2% to 3,460.15. Taiwan's TAIEX gained 1.3% while India's Sensex rose 0.2%. Vietnam's VN Index shed earlier gains, slipping 0.2%. Benchmark U.S. crude lost 14 cents to $67.31. Brent crude, the international standard, shed 21 cents to $68.90. The dollar traded at 143.85 Japanese yen, up from 143.65 yen. The euro was at $1.1793, up from $1.1790. On Wednesday, the S&P 500 set a record for the third time in four days and the Nasdaq composite gained 0.9%. The Dow Jones Industrial Average ticked down less than 0.1%.
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Merz urges EU to strike ‘quick, simple' tariff deal with United States
German Chancellor Friedrich Merz on Thursday urged the European Union to strike a "quick and simple" deal on tariffs with the United States, with just days to go before a negotiating deadline. "It is better to achieve a quick and simple solution than a lengthy and complicated one that remains in the negotiation stage for months," Merz said in Berlin, at a time when EU trade chief Maros Sefcovic is in Washington seeking to seal an agreement. AFP
Nahar Net
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Hamas is open to ceasefire but Netanyahu says no room for Hamas in postwar Gaza
by Naharnet Newsdesk 03 July 2025, 12:36 Hamas and Israel staked out their positions Wednesday ahead of expected talks on a Washington-backed ceasefire proposal, with the militant group suggesting it was open to an agreement while the Israeli prime minister vowed that "there will be no Hamas" in postwar Gaza. Both sides stopped short of accepting the proposal announced Tuesday by U.S. President Donald Trump. Hamas insisted on its longstanding position that any deal bring an end to the war in Gaza. Trump said Israel had agreed on terms for a 60-day ceasefire in Gaza and urged Hamas to accept the deal before conditions worsen. The U.S. leader has been increasing pressure on the Israeli government and Hamas to broker a ceasefire and hostage agreement. Trump said the 60-day period would be used to work toward ending the war — something Israel says it won't accept until Hamas is defeated. He said a deal might come together as soon as next week. But Hamas' response, which emphasized its demand that the war end, raised questions about whether the latest offer could materialize into an actual pause in fighting. Hamas official Taher al-Nunu said the militant group was "ready and serious regarding reaching an agreement." He said Hamas was "ready to accept any initiative that clearly leads to the complete end to the war." A Hamas delegation was expected to meet Wednesday with Egyptian and Qatari mediators in Cairo to discuss the proposal, according to an Egyptian official. The official spoke on condition of anonymity, because he wasn't authorized to discuss the talks with the media. Disagreement on how the war should end Throughout the nearly 21-month-long war, ceasefire talks between Israel and Hamas have repeatedly faltered over whether the war should end as part of any deal. Hamas said in a brief statement Wednesday that it had received a proposal from the mediators and was holding talks with them to "bridge gaps" to return to the negotiating table. Hamas has said it's willing to free the remaining 50 hostages, less than half of whom are said to be alive, in exchange for a complete Israeli withdrawal from Gaza and an end to the war. Israel says it will only agree to end the war if Hamas surrenders, disarms and exiles itself, something the group refuses to do. "I am announcing to you — there will be no Hamas," Israeli Prime Minister Benjamin Netanyahu said during a speech Wednesday. An Israeli official said the latest proposal calls for a 60-day deal that would include a partial Israeli withdrawal from Gaza and a surge in humanitarian aid to the territory. The mediators and the U.S. would provide assurances about talks to end the war, but Israel isn't committing to that as part of the latest proposal, the official said. The official wasn't authorized to discuss the details of the proposed deal with the media and spoke on condition of anonymity. It wasn't clear how many hostages would be freed as part of the agreement, but previous proposals have called for the release of about 10. "I'm holding my hands and praying that this will come about," said Idit Ohel, mother of Israeli hostage Alon Ohel. "I hope the world will help this happen, will put pressure on whoever they need to, so the war will stop and the hostages will return." On Monday, Trump is set to host Netanyahu at the White House, days after Ron Dermer, a senior Netanyahu adviser, held discussions with top U.S. officials about Gaza, Iran and other matters. Trump issues another warning On Tuesday, Trump wrote on social media that Israel had "agreed to the necessary conditions to finalize" the 60-day ceasefire, "during which time we will work with all parties to end the War." "I hope, for the good of the Middle East, that Hamas takes this Deal, because it will not get better — IT WILL ONLY GET WORSE," he said. Trump's warning may find a skeptical audience with Hamas. Even before the expiration of the war's longest ceasefire in March, Trump had repeatedly issued dramatic ultimatums to pressure Hamas to agree to longer pauses in the fighting that would see the release of more hostages and a return of more aid for Gaza's civilians. Still, Trump views the current moment as a potential turning point in the brutal conflict that has left more than 57,000 dead in the Palestinian territory. Gaza's Health Ministry said the death toll passed the 57,000 mark Tuesday into Wednesday, after hospitals received 142 bodies overnight. The ministry does not differentiate between civilians and combatants in its death count, but says that more than half of the dead are women and children. Since dawn Wednesday, Israeli strikes killed a total of 40 people across the Gaza Strip, the ministry said. Hospital officials said four children and seven women were among the dead. The Israeli military, which blames Hamas for the civilian casualties because it operates from populated areas, was looking into the reports. The war began on Oct. 7, 2023, when Hamas-led militants attacked southern Israel, killing 1,200 people and taking roughly 250 hostages. The fighting has left the coastal Palestinian territory in ruins, with much of the urban landscape flattened in the fighting. More than 90% of Gaza's 2.3 million population has been displaced, often multiple times. And the war has sparked a humanitarian crisis in Gaza, pushing hundreds of thousands of people toward hunger. Hospital director killed The director of the Indonesian Hospital, Dr. Marwan al-Sultan, was killed in an apartment in an Israeli strike west of Gaza City, a hospital statement said. The hospital is the Palestinian enclave's largest medical facility north of Gaza City and has been a critical lifeline since the start of the war. The hospital was surrounded by Israeli troops last month and evacuated alongside the other two primary hospitals in northern Gaza. The bodies of the doctor, his wife, daughter and son-in-law, arrived at Shifa Hospital torn into pieces, according to Issam Nabhan, head of the nursing department at the Indonesian Hospital. "Gaza lost a great man and doctor," Nabhan said. "He never left the hospital one moment since the war began and urged us to stay and provide humanitarian assistance. We don't know what he did to deserve getting killed." In central Gaza, the Al Awda Hospital said an Israeli strike near the entrance of a school housing displaced Palestinians killed eight people, including three children, and wounded 30 others. The hospital also said Israel struck a group of Palestinians who gathered near the entrance of the hospital's administration building in Nuseirat refugee camp. In other developments, Israel said an airstrike last week killed two Hamas members who allegedly took part in a June 24 attack in which seven Israeli soldiers were killed when a Palestinian attacker attached a bomb to their armored vehicle.
