Trump Hints At Arming Ukraine With Patriot Missile System Amid Escalating Russian Attacks
/ Jul 06, 2025, 03:49AM IST
U.S. President Donald Trump vowed to support Ukraine with Patriot missiles after a call with Ukrainian President. Trump slammed Russian President Vladimir Putin for refusing a ceasefire, saying Russia 'just keeps killing.' Watch
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Business Standard
18 minutes ago
- Business Standard
Rupee slips on Trump's additional 10% Brics tariff; opens lower at 85.57/$
The Indian Rupee fell on Monday as US President Donald Trump threatened to impose an additional 10 per cent on countries aligning with Brics policies. The domestic currency opened 18 paise lower at 85.57 against the dollar on Monday, according to Bloomberg. All Asian currencies traded in the red with Thai Baht leading the fall, as caution loomed over the US reciprocal tariff deadline. The currency has appreciated 0.17 per cent so far this month, after having fallen 0.18 per cent in the first six months of the calendar year. President Trump, on Monday, threatened to levy an additional 10 per cent tariff on any country aligning itself with 'the Anti-American policies of BRICS,' fueling more uncertainty in the markets. 'Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10 per cent Tariff,' Trump said in a Truth Social post. 'There will be no exceptions to this policy.' The group's leaders, over the weekend, agreed to continue talks on a cross-border payment system for trade and investments, according to a Bloomberg report. Trump had previously threatened to slap 100 per cent levies on Brics in case they drop the dollar in bilateral trade. Meanwhile, Treasury Secretary Scott Bessent told CNN that several major agreements are nearing completion, according to reports. As others remain out of reach, he added that some deals may include a three-week extension option. However, India and the US are likely to take a final decision on the 'mini trade deal' in the next 24-48 hours, as per media reports. The Indian Rupee has remained range-bound over the past few days, trading between 85.30 and 85.60, analysts said. Nationalised banks have been buying dollars on dips, while exporters and other inflows have been selling on upticks, according to Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP. Exporters are awaiting a move towards 86 to hedge, while importers are eyeing 85, he said. "In the meantime, market participants can cover their daily and weekly requirements. Today's opening is around 85.50, with an expected range of 85.30–85.80."
India.com
26 minutes ago
- India.com
Donald Trump Threatens 10% Tariff On Nations Backing Anti-American BRICS Policies
New Delhi: Former U.S. President Donald Trump on Sunday warned that countries supporting what he called the "anti-American policies" of BRICS would face an additional 10% tariff, further escalating his confrontational stance on global trade. 'Any country aligning themselves with the anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!' Trump wrote in a post on his platform, Truth Social. Trump did not elaborate on what constituted 'anti-American policies,' nor did he specify which countries might be targeted under the proposed tariff rule. The BRICS bloc—originally formed by Brazil, Russia, India, China, and later South Africa—has significantly expanded its reach in recent years. In 2024, it welcomed new members including Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia. Trump's statement came just hours after BRICS leaders jointly issued the Rio de Janeiro Declaration, which criticised U.S. trade practices. The declaration warned that Washington's use of reciprocal tariffs and "indiscriminate rising of tariffs" risked destabilising global trade frameworks. Would you like this in headline-meta format for digital or a shorter version for social media?
The Hindu
27 minutes ago
- The Hindu
EAM Jaishankar meets counterparts from Russia, Iran, Mexico on sidelines of BRICS Summit
External Affairs Minister S. Jaishankar has met his counterparts from Russia, Iran and Mexico and discussed bilateral cooperation and global issues. Mr. Jaishankar met these leaders on Sunday (July 6, 2025) the sidelines of the 17th BRICS Summit in Rio de Janeiro in Brazil. Mr. Jaishankar, during his meeting with Russian Foreign Minister Sergey Lavrov, discussed bilateral cooperation, West Asia, BRICS and the Shanghai Cooperation Organisation (SCO). "Good to meet with FM Sergey Lavrov of Russia on the sidelines of #BRICS2025," Mr. Jaishankar posted on X. He also met his Iranian counterpart Seyed Abbas Araghchi, and discussed regional developments. "Glad to meet FM @araghchi of Iran this [Sunday] evening. Our conversation focused on recent regional developments," Mr. Jaishankar said. During his meeting with the Secretary of Foreign Affairs of Mexico, Juan Ramon de la Fuente, Jaishankar discussed the advancement of bilateral partnership, focusing on health, digital, technology and space. The BRICS has emerged as an influential grouping as it brings together 11 major emerging economies of the world, representing around 49.5% of the global population, around 40% of the global GDP and around 26% of the global trade. BRICS, originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the United Arab Emirates, with Indonesia joining in 2025.
