Trump made Thai-Cambodia ceasefire deal happen, aide claims
'President Trump made this happen. Give him the Nobel Peace Prize!' she wrote in a post on X, alongside a screenshot of a New York Times article that cast the negotiations as 'US-backed talks'.
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The Star
3 hours ago
- The Star
Trump says he will 'substantially' raise tariffs on India over Russian oil purchases
FILE PHOTO: U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, D.C., U.S., February 13, 2025. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday he willsubstantially raise tariffs on India over its purchases of Russian oil. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social. "Because of this, I will be substantially raising the Tariff paid by India to the USA." He did not elaborate on what the tariff would be. Trump last week said he would impose a 25% tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty but gave no details. Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite U.S. Trump's threats. The sources did not wish to be identified due to the sensitivity of the matter. (Reporting by Doina Chiacu; Writing by Caitlin Webber; Editing by Doina Chiacu and Franklin Paul)
New Straits Times
3 hours ago
- New Straits Times
Trump says to raise tariff on India over Russia oil purchases
WASHINGTON: President Donald Trump threatened Monday to "substantially" hike US tariffs on goods from India over its purchases of Russian oil – a key source of revenue for Moscow's war on Ukraine. Trump's heightened pressure on India comes after he signaled fresh sanctions on Moscow if it did not make progress by Friday towards a peace deal with Kyiv, more than three years since Russia's invasion. Moscow is anticipating talks with the US leader's special envoy Steve Witkoff, who is expected to meet President Vladimir Putin this week. On Monday, Trump said in a post to his Truth Social platform that India was "buying massive amounts of Russian Oil" and selling it for "big profits." "They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump added. "Because of this, I will be substantially raising the Tariff paid by India to the USA." But he did not provide details on what tariff level he had in mind. For now, an existing 10 percent US tariff on Indian products is expected to rise to 25 percent come Thursday.
Free Malaysia Today
3 hours ago
- Free Malaysia Today
South Africa eyes new markets after US tariffs
South Africa's President Cyril Ramaphosa emphasised that safeguarding export industries is the government's primary concern. (AP pic) JOHANNESBURG : South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30% trade tariffs, which could cost around 30,000 jobs, officials said Monday. Government ministers expressed frustration with the US over the tariff – among those due to take effect against several countries later this week – saying South African exports do not compete with US industry and were only a fraction of that country's total imports. The 30% tariff is the highest in sub-Saharan Africa and comes as diplomatic relations between South Africa and the US are in tatters over a range of domestic and international policies. 'Our foremost priority is protecting our export industries,' president Cyril Ramaphosa said in his weekly newsletter. 'We will continue to engage the US in an attempt to preserve market access for our products. We must also accelerate the diversification of our export markets, particularly by deepening intra-African trade,' he said. The US is South Africa's second-largest trading partner by country after China. The tariffs will in particular hit South Africa's agriculture, automotive and textiles sectors, officials said, although 35% of exports are exempted, including copper, pharmaceuticals, semiconductors, lumber articles and certain critical minerals. The impact on growth depends on various factors, including the sourcing of alternative markets, foreign minister Ronald Lamola said in a statement. He cited forecasts that the impact may shave 0.2% off growth, which was only around 0.1% in the first quarter of this year. The South African Reserve Bank last week warned that the US levy could cost 100,000 jobs, with unemployment already at more than 30%. But trade department director general Simphiwe Hamilton told reporters Monday their estimate was that approximately 30,000 jobs could be affected. South Africa 'no threat' In a bid to avert the high tariff, South Africa has offered to import US liquefied natural gas and some US agricultural products, as well as invest in its mining and metals-recycling industries. Pretoria is focused on negotiations for a new deal despite the 'very extreme provocation' on the part of the US, Lamola told reporters. The 30% tariff was 'inscrutable' considering that imports from South Africa only represented 0.25% of total US imports, the minister said. 'Moreover, South Africa poses no trade threat to the US economy or its national security,' he said, arguing the imports supported US industry and did not compete with it. An example was that South African agriculture exports were 'counter-seasonal' and so filled gaps in the US market without replacing domestic produce, he said. Pretoria's plummeting ties with Washington and failure to reach a new trade deal have been heavily criticised at home, including by some of the parties in the coalition government who have accused Ramaphosa and his team of diplomatic missteps. On top of disagreements over a range of issues, including South Africa's case accusing Israel of genocide in Gaza at the International Court of Justice, Washington in March expelled Pretoria's ambassador after he criticised Trump's Make America Great Again (MAGA) movement. In his newsletter, Ramaphosa said the government has established a support desk that will help exporters and producers explore alternative markets in the rest of Africa, Asia and the Middle East. It will also push forward with plans for a free-trade area for the African continent, he said. The US announced last week 15% tariffs on exports from several sub-Saharan countries, including the export-reliant small mountain kingdom of Lesotho, which had initially been threatened with 50% tariffs.
