Egypt Foreign Minister's India Visit Called Off As US Strikes Iran
New Delhi:
Egyptian foreign Minister Badr Abdelatty's two-day visit to India beginning Monday has been called off in view of the escalating tension in the Middle-East following the US's bombing of three major nuclear sites in Iran.
Badr was scheduled to hold wide-ranging talks with External Affairs Minister S Jaishankar and Commerce Minister Piyush Goyal on Monday.
The visit of the foreign minister of Egypt has been postponed, said an official.
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India Today
13 hours ago
- India Today
Cancel all deals: Trump claims he stopped India-Pak conflict with trade threat
US President Donald Trump has once again claimed that he prevented a potential nuclear war between India and Pakistan by threatening to cancel all trade agreements with both to reporters at the White House, Trump said, 'I asked Howard Lutnick to call and tell India & Pakistan that Trump wants to cancel all trade deals with both countries, if they continue the war. Both nations called back & then stopped fighting.'advertisementReferring to the conflict that reportedly ended on May 10 after four days of drone and missile strikes across the India-Pakistan border, Trump took credit for deescalating the situation. 'We did some great work. India and Pakistan. That was going to be maybe nuclear. We did that. We did a lot of work. I don't know if there's ever been a president that's done much more,' he said. Trump elaborated further, saying he directed senior officials to cut ties unless both sides stopped the fighting. 'Serbia, Kosovo is going to go at it, going to be a big war. I said, 'you go at it, there's no trade with the United States. That's what happened with India and Pakistan. I was negotiating with both of them and I said to Treasury Secretary Scott Bessent, I said to Commerce Secretary Howard Lutnick, cancel all deals with India and Pakistan. They're not trading with us because they're in a war,' he to Trump, the message prompted both nations to back down. 'They called back. 'What do we do?' I said, 'Look, you want to have trade with the United States. It's great, but you want to go and start using nuclear weapons on each other. We're not going to allow that.' And they both agreed, both have great leaders. They both agreed not to do it. So we did a lot,' Trump also expressed optimism about future trade ties with India, suggesting that new negotiations could open the Indian market further for US companies. 'Some of the bigger countries, India, I think we're going to reach a deal where we have the right to go in and trade. Right now it's restricted. You can't walk in there. You can't even think about it. We're looking to get a full trade barrier dropping, which is unthinkable and I'm not sure that that's going to happen, but as of this moment, we've agreed to go into India and trade,' he added, 'We're going to be trading in China. That's going to come a little bit down the road, but we're going to be trading in China. We have a lot of great things going and we're getting along with countries, but some will be disappointed. Because they're going to have to pay tariffs, and we've taken in already hundreds of billions of dollars in tariffs, no inflation.'advertisementWhile Trump has repeatedly claimed he 'helped settle' the tensions between India and Pakistan, India has maintained that the ceasefire understanding was the outcome of direct talks between the Directors General of Military Operations (DGMOs) of both a recent 35-minute phone conversation with Trump, Prime Minister Narendra Modi reportedly said that India does not and will "never accept" any form of mediation. He clarified that the discussions to end hostilities were initiated at Pakistan's request and conducted directly between the two militaries.- EndsMust Watch IN THIS STORY#Donald Trump#Pakistan
Time of India
20 hours ago
- Time of India
US and China have signed a trade deal, says Donald Trump
BANGKOK: The US and China have signed an agreement on trade, President Donald Trump said late on Thursday. "We just signed with China the other day," Trump said. US Commerce secretary Howard Lutnick told Bloomberg TV that the deal was signed earlier this week. Neither Lutnick nor Trump provided any details about the agreement. Lutnick said the deal was "signed and sealed" two days earlier. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A Brand New Small Electric Car For Seniors (The Price May Surprise You) Electric Cars | Search Ads Undo It was unclear if the latest agreement was different from the one Trump announced two weeks earlier that he said would make it easier for American industries to obtain much-needed needed magnets and rare earth minerals. That pact cleared the way for the trade talks to continue, while the US agreed to stop trying to revoke visas of Chinese nationals on US college campuses. Later, on Friday, Trump said his July 9 trade deadline was not a fixed date, telling reporters at the White House: "We can do whatever we want. We could extend it. We could make it shorter. I'd like to make it shorter. I'd like to just send letters out to everybody: Congratulations, you're paying 25%," he said. Live Events Beijing confirms framework China's Commerce Ministry said Friday that the two sides had "further confirmed the details of the framework." But its statement did not explicitly mention US access to rare earths, minerals used in high-tech applications that have been at the center of the negotiations. "China will approve the export applications of controlled items that meet the conditions in accordance with the law. The United States will cancel a series of restrictive measures taken against China accordingly. It is hoped that the United States and China will meet each other halfway," it said. "The president likes to close these deals himself. He's the dealmaker. We're going to have deal after deal," Lutnick said. China has not announced any new agreements, but said earlier this week that it was speeding up approvals of exports of rare earths, materials used in high-tech products such as EVs.
Scroll.in
a day ago
- Scroll.in
India may sign ‘very big' trade deal with US, says Donald Trump
United States President Donald Trump on Friday said that India could sign a 'very big' trade deal with Washington soon. The statement comes days before the 90-day suspension of tariffs announced by Trump is set to end on July 9. 'Everybody wants to make a deal and have a part of it,' the US president said during an event at the White House. 'We just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we are going to open up India.' On Tuesday, the US and China agreed on a framework to de-escalate trade tensions and remove restrictions on exports of rare earth minerals imposed by Beijing on the North American country. US Commerce Secretary Howard Lutnick said the agreement would remove restrictions on Chinese exports of rare earth minerals and magnets, and some of the recent US export restrictions 'in a balanced way'. Trump's so-called reciprocal tariffs imposed on several countries, including a 26% 'discounted' levy on India, took effect on April 9. Hours later, however, Trump had reduced the rates on imports from most countries to 10% for 90 days to provide time for trade negotiations. The US president had repeatedly said he intended to impose a reciprocal tax on India, among others, citing high tariffs the countries impose on foreign goods. The tariffs had led to concerns of a broader trade war that could disrupt the global economy and trigger recession. The Indian government has said that it is in talks with Washington to finalise a bilateral trade agreement between September and November. An Indian team led by Union Minister of Commerce Piyush Goyal had visited the US in May to negotiate a trade agreement. Following this, a US team of negotiators was in India for a week earlier this month. On June 3, White House spokesperson Karoline Leavitt said that Washington had asked countries to make their best offer on trade, reported Reuters. 'The United States trade representative sent this letter to all of our trading partners just to give them a friendly reminder that the deadline is coming up,' said Leavitt. The US reportedly told the countries that they would get responses 'within days' with indications of the tariff rates that could be imposed on them.
