Trump says US will work with Thailand and Cambodia, adds both 'want to settle'
"I spoke to both of the prime ministers, and I think by the time I got off, I think they want to settle now," Trump told reporters at the start of a meeting with European Commission President Ursula von der Leyen in Turnbery, Scotland.
Trump said he believed Thai and Cambodian officials were due to meet in coming days.
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Reuters
12 minutes ago
- Reuters
Trump says US and Pakistan have concluded a trade deal
WASHINGTON, July 30 (Reuters) - U.S. President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which Washington will work with Islamabad in developing the South Asian nation's oil reserves. "We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," Trump wrote on social media. "We are in the process of choosing the Oil Company that will lead this Partnership." Trump's social media post did not provide further details on the deal between the U.S. and Pakistan. The Pakistani embassy in Washington had no immediate comment. Last week, Pakistani Foreign Minister Ishaq Dar said the United States and Pakistan were "very close" to a trade deal that could come within days, after he met with Secretary of State Marco Rubio on Friday. Under Trump, Washington has attempted to renegotiate trade agreements with many countries that he threatened with tariffs over what he calls unfair trade relations. Many economists dispute Trump's characterization. The U.S. State Department and Pakistan's foreign ministry, in separate statements after Rubio's meeting with Dar, said last week the two top diplomats stressed in their discussion the importance of expanding trade and ties in critical minerals and mining. "Our teams have been here in Washington discussing, having virtual meetings and a committee has been tasked by the prime minister to fine tune now," Dar said last week about U.S.-Pakistan talks.
The Guardian
24 minutes ago
- The Guardian
Aston Martin's 24-hour scramble to get lower US tariffs pays off
Aston Martin scrambled to deliver three months' worth of cars to dealers in the US within 24 hours as it rushed to qualify for lower tariffs that came into effect on 30 June. By invoicing the whole quarter's cars on that same day it avoided having to report a sales slump that might have alarmed investors. The operation may not have matched the drama of the James Bond films that have long featured the brand, but it 'was quite exciting, to put it mildly', said Adrian Hallmark, Aston Martin's chief executive. Donald Trump has shaken the global economy with a trade war, causing a particular stir in the car industry with his imposition of a 25% tariff on 3 April on top of an existing 2.5% levy. Germany's Mercedes-Benz said on Wednesday Trump's border taxes would cost it about €360m (£311m) this year, while the sportscar-maker Porsche said it had taken a €400m hit from the levies in the first half of the year. However, in early May, the US president and Keir Starmer agreed a deal to limit tariffs on 100,000 British-made cars per year to 10%. That rate came into force at one minute past midnight on 30 June, the final day of the second financial quarter. Aston Martin Lagonda manufactures all its cars in factories in Gaydon, Warwickshire, and St Athan, south Wales. It shipped 328 cars to dealers in the Americas between April and June but the majority were sent on 30 June. It was a 'mammoth task', Hallmark said. 'This left us with 24 hours to invoice the entire quarter's-worth of vehicle sales in the US.' The one-day scramble illustrates the tariff turmoil causing headaches for goods exporters around the world. Aston Martin revealed that it had raised prices for US customers by 3% to absorb some of the hit from the border taxes. Getting the cars to dealers early would have meant a big financial blow from absorbing the higher tariff rate, while late arrivals that missed the quarter-end would have meant reporting a big slump in sales. So Aston Martin decided to send hundreds of cars to bonded warehouses in the US – where goods can be stored without being subject to tariffs – before delivery firms raced to get them all to dealers before the end of day on 30 June. Those cars attracted the 10% rate, rather than 27.5%. Other carmakers face higher costs. The EU reached a deal with the US to cut tariffs on most goods including cars to 15%. Mercedes-Benz boss Ola Källenius said he did not expect any improvement on that for the car industry, despite lobbying for a lower rate from Germany's carmakers. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion Aston Martin also said it had cut production and limited exports to the US to try to limit the financial impact. Even after its 30 June operation, Aston Martin could still be hit later in the year when it launches its million-dollar Valhalla, a mid-engine hypercar that it hopes will be a major contributor to profits. However, it is worried that the quota of 100,000 cars covered by the 10% tariff could be used up before it can get the Valhalla to dealers – potentially adding more than £100,000 to the price if importers must pay the 27.5% rate. British companies exported just over 100,000 cars to the US last year, with the bulk being Range Rovers shipped by JLR. The quota could mean an end-of-year race between British carmakers to get their vehicles into the country, with 'pressure on the number of slots available on the 100,000 quota', Hallmark said.
Daily Mail
42 minutes ago
- Daily Mail
Scots MP branded 'despicable' over sickening insult to Israeli hostages in Gaza
A Scottish MP has been condemned for 'despicable' comments justifying Hamas holding innocent Israelis hostage as it's 'the only bargaining power' the terror group has left. Angus MacDonald provoked outrage after claiming if the terror group released the hostages they seized in 2023 then Israel would 'obliterate' Palestine. The Liberal Democrats are now facing calls to suspend the MP for his 'vile moral bankruptcy' about the innocent victims of Hamas. Anti-Semitism campaigners joined political opponents in condemning the remarks, made in response to one of his constituents on social media site Facebook. Mr MacDonald, who represents Inverness, Skye and West Ross-shire, last night refused to issue an apology to the families of innocent Israeli hostages and the Scottish Lib Dems defended the comments and claimed he was not justifying or defending hostage-taking. Sammy Stein, chairman of the Glasgow Friends of Israel group, said: 'I believe it is particularly despicable of Angus MacDonald MP to defend the right of Hamas, an internationally proscribed terrorist organisation, to kidnap and hold innocent Israelis, including women, kids, babies and the elderly, most of whom were kidnapped from their homes on October 7 MacDonald 'There is absolutely no doubt that if Hamas released the hostages, the fighting would stop. MacDonald is delusional if he believes that continuing to hold them would persuade Israel to agree to a ceasefire. 'As long as the fighting continues, more innocent civilians are likely to be killed. The reason Hamas is not releasing the hostages is that they want to see more civilians killed, thus provoking more criticism from the world against Israel. 'I would like to think that most reasonable and thoughtful people will see him for the fool he is.' Mr MacDonald, who was elected for the first time in last year's general election, had initially posted on Facebook about his support for the UK recognising Palestine as a separate state. When asked by one of his constituents, Facebook user Billy Rodgers, if he had written to Hamas to ask them to release the remaining hostages, Mr MacDonald replied: 'If they release the hostages then Israel will completely obliterate any of Palestine left, it's the only bargaining power they have left.' Mr Rodgers replied: 'So you support the use of hostages taking as a legitimate strategy. I know who I won't be voting for in the next election to serve as my local MP.' A spokesman for the Campaign Against Antisemitisim said: 'To refer to hostages as a 'bargaining chip' is vile moral bankruptcy. 'These are innocent human beings who were violently abducted amid the worst massacre of Jews since the Holocaust. They have been held in inhumane, terrifying conditions for nearly two years. 'Dehumanising them in this way not only erases their suffering but also plays directly into the hands of their captors, Hamas and Palestinian Islamic Jihad. The Liberal Democrats must suspend Angus MacDonald pending a full investigation.' Jamie Halcro Johnston, Conservative MSP for the Highlands and Islands region, said: 'It is astonishing and deplorable that Angus MacDonald is apparently trying to justify Hamas terrorists continuing to hold innocent Israelis hostage nearly two years on from the barbaric October 7 attack. 'His comments are not just grossly offensive, they're naïve. 'We all want to see an end to the awful scenes in the Middle East, particularly the humanitarian crisis unfolding in Gaza - and the release of all remaining hostages would strengthen the hand of international leaders in pushing for a permanent ceasefire.' The comments remained on Facebook last night after Mr MacDonald and the Scottish Liberal Democrats were approached by the Mail about them and he was asked whether he would apologise to the families of Israeli hostages. A Scottish Liberal Democrat spokesman said: 'Angus wasn't defending or justifying hostage taking - he was describing the widely accepted view that Hamas is very regrettably using the hostages as leverage against Israel. 'Angus and the Scottish Liberal Democrats have been completely clear that Hamas should release the hostages immediately and unconditionally - and that there is no place for the terror group in the future of Gaza. 'Angus has used his position as an MP to campaign for the release of the hostages, and has made clear, on the parliamentary record, his disgust at Hamas's treatment of the hostages.'
