logo
28th July: US's Trade Win, Syria's Post Assad Vote and Gaza Crisis Deepens

28th July: US's Trade Win, Syria's Post Assad Vote and Gaza Crisis Deepens

India Today6 days ago
India Today Podcasts Desk
UPDATED: Jul 28, 2025 19:18 IST
On News At Seven this 25th of July, Jamshed Qamar Siddiqui brings to you the day's most crucial headlines.
U.S President Donald Trump and President of the European Commission Ursula Von Der Leyen struck a new U.S-EU trade deal imposing a 15% tariff on European goods, with the EU agreeing to massive American energy imports.
In Syria, the first parliamentary elections since former President Bashar Al Assad's fall, will be held in September amid renewed sectarian violence and Israeli airstrikes.
Meanwhile, Trump urged Israel to make tough choices as Gaza's humanitarian crisis worsens, with over 130 malnutrition deaths reported. He pledged more aid while blaming Hamas and criticizing European inaction.
Produced by Garvit Srivastava
Sound Mix by Rohan Bharti
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pak, Iran agree to increase bilateral trade volume to $10 billion annually
Pak, Iran agree to increase bilateral trade volume to $10 billion annually

Business Standard

time16 minutes ago

  • Business Standard

Pak, Iran agree to increase bilateral trade volume to $10 billion annually

Pakistan and Iran on Sunday agreed to enhance bilateral trade volume to $10 billion from the current $3 billion annually as they signed 12 agreements and MoUs after talks between Prime Minister Shehbaz Sharif and Iranian President Masoud Pezeshkian. Prime Minister Sharif announced the new bilateral trade target while addressing a joint press meeting with President Pezeshkian after their talks during which they also agreed to strengthen cooperation to combat militancy along their shared border, according to the state-run Associated Press of Pakistan (APP). The agreement to enhance bilateral trade volume to $10 billion was reached earlier in the morning during a meeting between Commerce Minister Jam Kamal Khan and Iranian Minister for Industry, Mines and Trade Mohammad Atabak. Sharif also said that Iran has the right to the peaceful use of nuclear energy, which had been at the heart of the current conflict with Israel. Pakistan stands with Iran for the acquisition of peaceful nuclear power, Sharif said as he condemned recent Israeli attacks against Iran and appreciated Tehran for its forceful defence of the country. Pakistan and Iran exchanged 12 agreements and MoUs in the presence of Sharif and Pezeshkian. These included cooperation in trade, agriculture, science, technology and innovation, information and communications, and maritime safety, among other issues, the APP said. Prime Minister Sharif on Sunday said that the leadership of Pakistan and Iran were keen to enhance the bilateral trade volume to the target of $10 billion as soon as possible, the APP said. The two leaders also discussed issues related to terrorism and agreed to strengthen cooperation to combat militancy along their shared border, it said. On his part, Pezeshkian said that the MoUs signed included one about finalisation of the free trade agreement at the earliest between the two sides. President Pezeshkian expressed satisfaction that serious and sincere efforts were being initiated by both sides for cooperation in diverse fields, and to take their current trade volume of $3 billion to the projected target of $10 billion, the APP said. President Pezeshkian landed in Lahore on Saturday afternoon and flew to the capital later in the evening. Meanwhile, after Khan's meeting with Atabak, a statement by Pakistan's Commerce Ministry said the high-level discussion between the two leaders marked a renewed commitment from both sides to accelerate trade, remove border bottlenecks, and build trust-based partnerships across priority sectors. The meeting emphasised maximising the potential of neighbourhood trade, with Khan highlighting how ASEAN countries have benefited enormously by trading within their region. Geography is an advantage. Pakistan and Iran must utilise this discount of distance. If we don't, we lose both time and cost benefits, he stated. The Pakistani minister suggested organising targetted trade delegations that include representatives from federal and provincial chambers of commerce, enabling focused discussions on market access and regulatory facilitation, according to the statement. The ministers also expressed a shared commitment to increasing the use of existing trade corridors and border facilities. Atabak also highlighted ongoing discussions about increasing Pakistani exports to Iran and encouraged swift follow-up on newly signed agreements. Khan said that beyond bilateral gains, such connectivity could expand to Turkey, Central Asia, Russia, and even parts of West Asia, creating an economic bloc of substantial power and resilience. Atabak supported the idea of holding a dedicated B2B day during every high-level visit and offered to bring Iranian business groups to Pakistan for in-depth meetings, the statement said. Both ministers agreed on the importance of identifying specific sectors such as agriculture, livestock, services, energy, and cross-border logistics for future collaboration, the statement said. With high-level political alignment and mutual trust, Pakistan and Iran appear poised to enter a new phase of strategic economic partnership that could reshape regional trade dynamics, it added. Centre for Strategic and Contemporary Research, a policy think tank in Islamabad, said the total volume of formal bilateral trade between Pakistan and Iran reached around $2.3 billion in 2022, with the trade balance largely tilted towards Iran. Iranian exports to Pakistan stood at $1.488 billion, mainly petroleum gas, electricity and petroleum coke. Pakistan's exports to Iran amounted to $842.8 million, primarily comprising Iron pipes, medical instruments and utility meters, it said in a September 2024 brief titled 'Pakistan and Iran's Struggle for Economic Cooperation'. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

'Surprise': Putin's Men AMBUSH Ukrainian Troops To Capture Donetsk Settlement; Zelensky's Men Flee
'Surprise': Putin's Men AMBUSH Ukrainian Troops To Capture Donetsk Settlement; Zelensky's Men Flee

Time of India

time25 minutes ago

  • Time of India

'Surprise': Putin's Men AMBUSH Ukrainian Troops To Capture Donetsk Settlement; Zelensky's Men Flee

India's Crude Oil Imports From U.S. Jump 51% Since Donald Trump's Return To White House India has sharply increased crude oil imports from the US during President Donald Trump's second term, marking a major energy policy shift. In the first half of 2025, US crude imports rose over 50% year-on-year, reaching 0.271 million barrels per day. The April–June quarter saw a 114% surge, with the value rising from $1.73 billion to $3.7 billion. In July, imports rose 23% over June, increasing the US share in India's oil mix from 3% to 8%. LNG imports nearly doubled to $2.46 billion, and LPG imports also grew. Talks are ongoing for a long-term LNG deal. Despite growing energy ties, a setback emerged as Trump announced 25% tariffs on Indian goods, effective August 7, citing trade barriers, imbalances, and India's ties with Russia. He posted strong criticism of India on Truth Social, dismissing its economic relationship with the US and calling for separation from Russia-linked economies.#crudeoil #indiaustrade #trumptariffs #energytrade #indiarussia #lng #lpg #truthtalk #geopolitics #internationalrelations #toi #toibharat 15.9K views | 6 hours ago

PIB Debunks Fake Claim That India May Suspend US Agreements Over Tariffs
PIB Debunks Fake Claim That India May Suspend US Agreements Over Tariffs

News18

time40 minutes ago

  • News18

PIB Debunks Fake Claim That India May Suspend US Agreements Over Tariffs

Last Updated: The Press Information Bureau dismissed false claims that India is suspending agreements with the US. The Press Information Bureau's Fact Check unit on Sunday officially dismissed social media posts which falsely claimed, citing the Ministry of External Affairs, that India is considering suspending or reviewing bilateral agreements with the United States over 'hostile economic policies". The fact-check by the Press Information Bureau comes amid speculations over the state of India-US ties after the US administration under President Donald Trump imposed 25% tariff on Indian exports. The social media statement by PIB clarified that no such statement was issued and labeled the claims as misinformation. 'The External Affairs Ministry has not made any such statement. Stay alert and do not fall for misleading information. above is from Govt of India," the PIB social media post on X said. It also shared photos of the misleading post where some accounts were seen posting false information with respect to ties between Washington and New Delhi. This rebuttal comes amid escalating tensions over US tariff actions. The MEA earlier in the week reiterated that India remains in active negotiations with Washington over a trade deal and assured the public that diplomatic ties and economic engagements are intact and ongoing, unaffected by such rumours. On July 30, 2025, US President Trump announced a 25% tariff on Indian imports, effective August 1, citing high Indian tariffs, restrictive trade barriers and India's continued energy and defense ties with Russia. This move sent immediate ripples through export and import sectors of both countries — particularly in the textiles, apparel, gems, jewellery and electronics sector – where exporters and importers fear the new duties could lead to widespread disruptions. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store