
‘ALL THINGS NOT GOOD!': Trump says he's imposing 25 percent tariff on India
'Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,' Trump wrote on Truth Social.
'Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,' the post added.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Trump again slams Fed chair Powell after rates hold
WASHINGTON (Reuters) -U.S. President Donald Trump again criticised Federal Reserve Chairman Jerome Powell on Thursday, a day after the U.S. central bank held interest rates steady in a 9-2 vote. "Jerome 'Too Late' Powell has done it again!!! He is TOO LATE," Trump wrote in a post on his social media platform. "Put another way,'Too Late' is a TOTAL LOSER, and our Country is paying the price!"
Yahoo
24 minutes ago
- Yahoo
Ignore Trump and give Open to Turnberry urges Montgomerie
Colin Montgomerie has urged The R&A to take The Open back to Turnberry as soon as possible and ignore the controversy surrounding owner Donald Trump. The US president bought the famous Scottish course in 2014 and The Open has stayed away since, with 2009 marking its last staging. Former R&A chief executive Martin Slumbers said The Open would not return to Turnberry until Trump was out of politics and the focus would be solely on golf. However, his replacement, Mark Darbon, announced he has held talks with Trump's son, Eric, about the logistical challenges Turnberry has, rather than politics. There are also reports Trump has asked the UK government to step in and convince The R&A to take its prized event back to his course. Turnberry, famous for its picturesque coastline and iconic lighthouse, is renowned as one of the best courses in the world and is a fans and players' favourite. It was the scene of Tom Watson's famous win over Jack Nicklaus in the 1977 Open, dubbed the 'duel in the sun', and Watson's near-fairytale in 2009, when the then-59-year-old almost won but bogeyed the last hole and lost in a play-off to Stewart Cink. The Open have not yet announced the venue for the 2028 Open, which is set to be pushed back from its usual July slot due to the Olympics. And Scottish legend Montgomerie, 62, insists Turnberry would be the best choice. 'Let's hope that we can get it back there as soon as we can,' he said, speaking at the launch of Ernie Els' new golf club, Els Club Vilamoura. 'Because it definitely is the best course, and we should be seeing the best players on the best courses. 'It's a pity, isn't it, that Turnberry is not currently on the rota 'It's the best. We all accept it's the best course in Britain, [certainly the] best links course in Britain, and it's a shame, because of its standard, that it's not on the rota.' Montgomerie is not the only golf heavyweight to throw his name behind the superstar Bryson DeChambeau, a fan of Trump's, said he is all for it. "It's one of the best golf courses in the world, and I'd love for it to be a part of the rotation,' he said. "Albeit I haven't played it, I've heard so many great things about it, and any time you get to play a special historical golf course like that, I think it's worthy of it, for sure." The R&A has pointed to the growth of The Open and Turnberry's lack of infrastructure as the reason for staying away. In 2009, 120,000 people attended Turnberry, compared to the 280,000 that visited Royal Portrush to see Scottie Scheffler win his fourth major title last week. R&A chief executive Darbon said: "We love the golf course - we've not taken it out of our pool of venues - but we have some big logistical issues there.' Montgomerie played a nine-hole exhibition to open the Els Club Vilamoura alongside four-time major winner Els and 2001 Open Champion David Duval. The Algarve course is a championship-standard 18-hole golf course that features a luxury clubhouse and signature amenities such as the 261 Bar, and was built on the redesigned Victoria course, which hosted the Portugal Masters from 2007 to 2022. It will host the new PGA Champions Tour event, the Portugal Invitational, after signing a five-year deal. The first edition of the event is set to be held between 31 July to 2 August 2026. Els said: 'Golf is in the pretty sweet spot at the moment and [creating this course] has been a really nice venture. We want the conditions to be absolutely perfect and for people to have a great experience and good food.' Montgomerie added: 'The golf course is superb, and the clubhouse is fantastic. It's not just a course for the present; it's a course for the future as well.'
Yahoo
24 minutes ago
- Yahoo
Top 5 Ways Trump's Policies Could Help Rich People in Need
If you ask your average American, nothing is sadder than a billionaire having to pay too much in taxes, right? Especially in this economy. Thankfully for the wealthy, President Trump and his policy-making administration seem to try to gracefully walk the line of defining who gets what benefits and when. Read Next: Try This: Whether you are in the market for sweeping tax cuts, aggressive tariffs or a crypto overhaul, the White House, with an assist from Congress, is making quick work of reshaping the financial landscape. But how do these political moves assist the affluent? Here are the top five ways Trump's policies can really help out wealthy people who could use a(nother) leg up. No. 5: Let Them Eat Breaks … on Their Taxes Oh, that One Big Beautiful Bill Act (OBBBA) feels too good to be an overreach, but it does seem to offer some great tax breaks and benefits for the 1%. Wealthy individuals stand to gain the most from these reforms, enjoying drastically lower tax liabilities and more disposable income to invest or save. Businesses and entrepreneurs may also benefit from fewer financial constraints, allowing for expanded growth opportunities. Long story short, if you're a millionaire, you're also in luck. Trump's plan to eventually eliminate Social Security taxes would lead to about 20% of the households earning more than $5 million a year getting a tax cut, which puts you in the right bracket for some government cheese. Learn More: No. 4: No Tariffs, Ands or Buts About It Though levied taxes on imported goods seem to tariff everyone apolitically, it remains a centerpiece of Trump's vision as to how his administration can fight inflation. His plan includes imposing tariffs, which now range anywhere between 10% to 50%, on imports from countries like China, Canada, Mexico and many more to encourage domestic production and make foreign competitors 'pay their dues.' Wealthy individuals with stakes in domestic industries may see significant gains as tariffs boost demand for American-made goods. Certain sectors, such as manufacturing, could experience renewed investment and growth. However, former White House buddies like the richest man in the world Elon Musk have voiced disapproval of tariffs, as they would hurt Tesla's ability to make more EV money. No. 3: The Rich Love a Trader Trump's trade policies center around imposing steep tariffs on Chinese imports, in the hopes of revitalizing domestic industries and reducing reliance on foreign manufacturing. Go America! While these measures appeal to proponents of economic nationalism, they come with a mixed bag of consequences. Everyone loves U.S. manufacturers having a competitive edge and creating new investment opportunities in domestic markets, especially affluent investors. This opens avenues to capitalize on industrial growth, and capitalism loves it when someone gets to capitalize. No. 2: It's Better To Buy Real Estate and Wait Than Wait To Buy Real Estate The wealthy know that it is better to have someone pay your mortgage for you than to pay it yourself. Investing in real estate can be a bit more lucrative under this political regime, as Trump's policies have historically benefited real estate developers through tax incentives, such as expanded bonus depreciation and like-kind exchanges. The introduction of Opportunity Zones has further incentivized investment in economically distressed areas, while deregulation has streamlined project approvals. These policies created lucrative opportunities for developers and investors, but also sparked concerns about wealth inequality and gentrification. Simply put, rich real estate investors may enjoy reduced taxes and increased investment opportunities, making it easier to build generational wealth. Deregulation could also lower costs, encouraging more expansive development projects. No. 1: At Least You Have Your Healthcare And finally, the number one way Trump's policies can help out rich people who just need a bit more is … implementing a privatizing approach to healthcare and social programs. These initiatives focus on cutting government spending and shifting more responsibility to individuals. Healthcare in America, a system where you have the privilege of paying for access to a network where you then can pay for services, is already privatized. However, certain new policies and bills reduce funding for Medicare and Medicaid, aiming to save public money, but could weaken the support systems many people rely on. It would seem that this may only work out for you if you already have a robust net worth. More From GOBankingRates The New Retirement Problem Boomers Are Facing This article originally appeared on Top 5 Ways Trump's Policies Could Help Rich People in Need