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2 hours ago
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X blocks Reuters accounts in India
The main Reuters news account, as well as the Reuters World account, have apparently been inaccessible to X users in India since Saturday evening. Reuters reports that Indian users attempting to view the @Reuters account — which has 25 million followers — instead see a message stating that the account 'has been withheld in IN (India) in response to a legal demand.' However, an Indian government spokesperson told Reuters that no government agency has made such a demand. A Reuters spokesperson said the news agency is 'working with X to resolve this matter.' Reuters also says its social media team previously received a notification from X in May stating that the company was withholding content at the Indian government's request, though the notification did not specify which agency made the request or which content was being targeted. The social media platform formerly known as Twitter (which recently merged with another Elon Musk company, xAI) has criticized the Indian government over demands that it block certain accounts and posts. It even sued the government in March, claiming that a new website allows 'unrestrained censorship of information in India' by unlawfully enabling 'countless' public officials to take down content or block accounts. The government said the website only allowed it to notify companies about harmful online content. Last year, X also engaged in a protracted battle with Brazil's Supreme Court, which saw the service shut down operations in the country, then get banned for more than a month. TechCrunch has reached out to X for comment.
Yahoo
2 hours ago
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Bessent says tariffs will ‘boomerang' to ‘Liberation Day' levels if countries fail to negotiate deals
Treasury Secretary Scott Bessent said tariff letters will be sent to about 100 countries over the next several days, as the Trump administration's 90-day tariff pause comes to an end Wednesday. 'If you don't move things along, then on August 1 you will boomerang back to your April 2 tariff level,' Bessent said about trading partners Sunday on CNN's 'State of the Union with Dana Bash.' President Donald Trump has suggested the letters would include duty rates at the current 10% baseline, or as extensive as 70%. Bessent said Sunday the United States would not impose 70% tariff rates on major trading partners. Bessent said that about 100 letters will be sent to small countries 'where we don't have very much trade,' many of which are 'already at the baseline 10%.' Trump on Friday touted letters as the 'better' option for countries that fail to negotiate deals before the July 9 deadline. On April 9, Trump announced a complete three-month pause on all the 'reciprocal' tariffs after insisting historically high tariffs were here to stay. Later that month, he told Time magazine that he had already struck 200 trade deals but declined to say with whom. So far, Trump has only announced deals with three countries: the United Kingdom, which maintained a 10% tariff rate; China, which temporarily paused sky-high duties on most goods from 145% to 30%; and a minimum 20% tariff on goods from Vietnam. In response to the three deals being described as 'frameworks,' Bessent said the upcoming letters 'will set their tariff rates. So we will have 100 done in the next few days.' 'Many of these countries never even contacted us,' he said, adding that 'We have the leverage in this situation,' as the country facing a trading deficit. Bessent said there may be 'several big announcements' this week, but declined to name countries that could reach deals. Bessent pushed back against August 1 as a new deadline. He also described the administration's plan as applying 'maximum pressure.' 'It's not a new deadline. We are saying, 'This is when it's happening. If you want to speed things up, have at it. If you want to back to the old rate, that's your choice,'' Bessent said about America's trading partners, and used the European Union as an example of countries coming to the table after Trump threatened 50% tariffs on EU imports. Economists have warned that Trump's trade war, especially the wide-ranging tariffs on Chinese imports, will increase costs for consumers. Some companies, including Walmart, have said they will raise prices for customers despite pushback from Trump. 'We have seen no inflation so far,' Bessent said on 'Fox News Sunday,' calling such projections 'misinformation' and 'tariff derangement syndrome.' Bessent and other Trump officials have repeatedly argued in recent months that countries like China would bear the cost of tariffs. US wholesale inflation rose slightly in May, driven in part by costlier goods, though tariff-related effects were largely muted. The Producer Price Index, a closely watched measurement of wholesale inflation, showed that prices paid to producers rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released in June. Former Treasury Secretary Larry Summers, who has blasted Bessent for undermining the economic impact of tariffs, said Sunday on ABC's 'This Week' that tariffs 'will probably collect some revenue' but would come at the expense of higher inflation and less competitiveness for American producers. Also appearing on 'This Week,' Stephen Miran, chairman of the White House Council of Economic Advisers, said there was no 'lasting evidence' that tariffs imposed on China during Trump's first term hurt the economy and the administration has only 'repeated the same performance' this year. 'Tariff revenue is pouring in. There's no sign of any economically significant inflation whatsoever and job creation remains healthy,' Miran said. CNN's Kit Maher and Alicia Wallace contributed to this report. Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
X suspends Reuters account in India after 'legal demand', government denies making request
NEW DELHI (Reuters) -The Reuters News account on X has been inaccessible to users in India since Saturday, when the social media platform suspended it in response to what it described as a "legal demand". A spokesperson for the Indian government's Press Information Bureau, however, told Reuters there was no requirement from any agency in the government of India to "withhold the Reuters handle. We are continuously working with X to resolve the problem". Reuters could not immediately determine what specific content the demand referred to, why its removal was sought or the entity that had lodged the complaint. Representatives for X did not immediately respond to requests for comment. A Reuters spokesperson said in a statement, "We are working with X to resolve this matter and get Reuters account reinstated in India as soon as possible." Reuters World, another X account operated by the news agency, has also been blocked in India. The main Reuters account, followed by more than 25 million users globally, has been blocked in India since Saturday night. A note tells X users that "@Reuters has been withheld in IN (India) in response to a legal demand". In an email to the Reuters social media team on May 16, X said: "It is our policy to notify account holders if we receive a legal request from an authorized entity (such as law enforcement or a government agency) to remove content from their account." "In order to comply with X obligations under India's local laws, we have withheld your X account in India under the country's Information Technology Act, 2000; the content remains available elsewhere". Reuters could not ascertain if the May 16 email was linked to Saturday's account suspension. While the email did not specify which entity had made the request or what content they sought to remove, it said X had been advised that in a case of this sort, a user could contact the secretary of India's Information and Broadcasting Ministry. The secretary, Sanjay Jaju, did not immediately respond to requests seeking comment. The 2000 law allows designated government officials to demand takedown of content from social media platforms they deem to violate local laws, including on the grounds of national security or if a post threatens public order. X has long been at odds with India's government over content-removal requests. The company sued the federal government in March over a new government website the company says expands takedown powers to "countless" government officials. The case is continuing. India has said X wrongly labelled an official website a "censorship portal", as the website only allows tech companies to be notified about harmful online content. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
