logo
The challenge in expanding aid to Gaza

The challenge in expanding aid to Gaza

Politico10 hours ago
'FAMINES HAVE MOMENTUM' — President Donald Trump signaled a subtle shift within the White House last week, publicly recognizing the humanitarian crisis in Gaza.
Trump acknowledged 'real starvation' in Gaza, while Vice President J.D. Vance urged Israel to increase humanitarian aid access. Other top U.S. officials visited Gaza to witness the humanitarian crisis for themselves before devising an aid plan for the area.
The recalibration reflects mounting pressure from both Democrats and Trump allies to let more humanitarian aid into Gaza, as over 1000 people have been killed by Israeli forces while trying to receive aid, and international watchdogs warn of a widespread famine. Globally, U.S. allies such as the United Kingdom and Canada have announced that they will recognize a state of Palestine in September if a ceasefire agreement is not reached or if the Palestinian Authority commits to reforms and elections, respectively.
But despite an increased willingness from Trump officials to confirm the existence of a humanitarian crisis, the administration has been light on actual details. Malnutrition remains a widespread problem, even as Israel has started daily pauses in military operations in parts of Gaza and Israel and the U.K. have airdropped aid. Special envoy Steve Witkoff and U.S. ambassador to Israel Mike Huckabee — the two officials who visited Gaza 't o help craft a plan to deliver food and medical aid to the people of Gaza' — have also yet to share specifics on what that plan could look like.
The silence may in part be because increasing aid is a complicated task — especially in a conflict-ridden area like the Gaza Strip. To better understand the state of starvation and malnutrition in Gaza and the challenges to delivering humanitarian aid, Nightly spoke with Jeremy Konyndyk, president of Refugees International and former director of USAID's Office of U.S. Foreign Disaster Assistance and former executive of the agency's Covid-19 task force.
This conversation has been edited for length and clarity.
At the moment, most aid being distributed in Gaza is organized by the Gaza Humanitarian Foundation, which is designed to replace the United Nations aid operation. Since Israel announced this plan in May, many aid organizations refused to work with the organization. Why are aid groups against GHF, and what has changed since they took over aid operations?
There's three main complaints that the traditional aid apparatus — the UN-led and NGO-organized aid system that has operated pretty effectively throughout much of the war — have.
First, GHF was very much pitched not as additive, but as a substitution, as an alternative. At the same time, the Israeli government is facilitating and really working kind of hand in glove with GHF. GHF even seems to operate like an extension of the IDF and the Israeli presence; they coordinate very, very closely with the IDF in Gaza. That is also being used then as a rationale by the Israeli government for suppressing the rest of the humanitarian system in Gaza.
The GHF just has orders of magnitude less capacity and less reach than the traditional aid architecture had. It's not in any meaningful way, a replacement or substitution. It's run by people who are not humanitarian professionals and don't, frankly, have a background, or qualifications, or knowledge or expertise to really do that effectively.
The second complaint would be that the model of the GHF puts Palestinians at enormous risk. In order to seek aid from GHF, Palestinians have to run this militarized gauntlet down [the coastal road] and then down the Morag Corridor in order to get to the aid sites. That has produced almost daily massacres.
The third is that it's also just wildly inadequate relative to both the scale and the scope of the humanitarian needs in Gaza today. Gaza today is going headlong into a famine. The way you fight famine is not only with food, and this is a well-established humanitarian doctrine that when a population is moving into famine, you need to provide food, yes, but the type of food needs to be appropriately fortified and nutritious and adequately cover the full range of nutritional requirements.
The GHF distribution boxes don't really do that. If you're distributing dried food aid that still needs to be prepared, then people need cooking fuel to prepare that. They need shelter and kitchen sets and places to prepare that and the goods with which to prepare it. They need clean water, both for their own drinking, sanitation, hygiene, and of course, to prepare the food. They need really specialized nutritional support, including inpatient malnutrition treatment therapies for people who reach an advanced stage of malnutrition. The pictures that have been coming out of kids in an advanced state of severe, acute malnutrition, those kids can't eat the food that GHF is distributing. Their bodies would not tolerate it at this point.
And then finally you need robust health care because we know from famines past, that sometimes a majority, and certainly a large share of the people who die in famines die of disease before starvation takes them.
Last week, U.S. Ambassador to Israel Mike Huckabee said that GHF delivers more than a million meals a day. Does this align with what you're hearing on the ground, and what is in these dried food packs?
There's not a lot of transparency about how they're reaching that number, about what's in the food packs, and about how they're calculating what constitutes a meal, even if you take that entirely at face value. I don't know, for example, what's the denominator of what they consider a meal. Is that 800 calories? How much food are they considering constitutes a meal? Of course, normally, a person needs three meals a day, and there's around 2 million people in Gaza. If you look at it that way, a million meals a day, even at face value, is maybe a sixth of the food needs that Gaza has. So, it's not remotely sufficient.
It has been widely reported that thousands of aid trucks are waiting outside Gaza. What are the obstacles stopping that aid from reaching Gazans?
The principal obstacle is Israeli government policy. During the ceasefire, the Israeli government would allow aid groups to drive trucks across the border directly to the where their warehouses inside Gaza through multiple points of entry around Gaza. There was enough aid that was getting in through that channel that no one had much of an incentive to try and pillage those convoys because there was sufficient aid getting in. Convoys get pillaged when people are so desperate, and they have been so deprived that they're fearful that if they don't get what's on the convoy in front of them, they don't know when or where the next round of aid will be coming from.
The bottom line is, there was a system that was working. It was working well, and the Israelis shut it down when they when they were trying to put pressure on Hamas in March, they shut that system down. The variable there, what toggles that on and off, is Israeli government policy. You can just look at the difference between the aid that was going in during the ceasefire, and then what happened in March and April when nothing got in.
What needs to happen to alleviate the starvation and malnutrition in Gaza?
What needs to happen is a massive scale up of humanitarian access and humanitarian delivery across every part of Gaza. One of the core principles of humanitarian response is you want to bring the aid as close to where the people are as possible. You don't make the people traverse a combat zone in order to get to an aid distribution site. You bring the aid to where they are. That's very possible. Gaza is not a big place.
I've overseen U.S. government responses to hunger catastrophes in Yemen, in South Sudan, in Ethiopia, in northeast Nigeria, and in my NGO career in Somalia with the 2011 famine as well. Those were all large, logistically complicated places with huge populations. Gaza is a tiny place with 2 million people. If humanitarian groups had access and were not being impeded from doing their work, they could scale up a very robust response, really rapidly. But the limiting factor is political obstruction of their ability to do that. If that were removed, what they would then ramp up the distribution of appropriately nutritious food and alongside that, you scale up nutrition support programs. And of course, sanitation and hygiene are really important.
If no significant changes are made, what do you see as the trajectory of the humanitarian crisis?
It will continue to get worse. Famines have momentum. The more malnourished, the more vulnerable a population gets, the more of them become vulnerable to dying. When you have a huge swath of the population that is in a state of significant malnutrition, and you've got a huge population of people who are succumbing to disease, succumbing to injury, the risk to them grows and grows the longer that they're in that in that situation.
I think the further someone deteriorates into a state of severe malnutrition, the harder and more expensive and more time consuming it is to return them to health. What happens in a famine situation, is because as you go further down that trajectory, the number of people at risk and the amount of effort it takes to stabilize them grows exponentially, thereby, too, the risk of mortality grows exponentially the longer that it is allowed to progress. The fear that I have is that what we're seeing now in Gaza, with these daily clusters of deaths from starvation is kind of the leading edge of that exponential trajectory.
Welcome to POLITICO Nightly. Reach out with news, tips and ideas at nightly@politico.com. Or contact tonight's author at jmunis@politico.com.
What'd I Miss?
— CBO: Republican megabill to cost $4.1T, due to higher borrowing costs: Interest rates will be higher over the next decade because of the GOP's megabill and drive up borrowing costs even for the federal government, Congress' nonpartisan scorekeeper predicts in a new report released Monday. In an analysis of the massive domestic policy package President Donald Trump signed into law on July 4, the Congressional Budget Office estimated the measure will increase the federal deficit by $4.1 trillion over a decade. Because the bill's red ink is not offset by more spending cuts or new revenue, CBO found, the legislation will drive up interest rates.
— Trump again threatens India with tariffs over its trade with Russia: President Donald Trump on Monday again threatened to raise tariffs on India over its Russian oil purchases, once again infusing geopolitics and international security into his trade war economic policy. Trump's threat marks the second time in under a week that he has attacked India for its dealings with Russia. Last Wednesday, Trump announced he was issuing 25 percent tariffs on New Delhi due to what he identified as longstanding trade barriers. But he previewed an additional penalty for India's trade with Moscow in military equipment.
— State Department to charge some travelers $10,000 bond to get visas: The State Department is launching a pilot program wherein it will require travelers entering the United States on tourism and business visas to pay a hefty bond as a guarantee they will not stay in the United States. In a cable sent to State Department employees Monday, Secretary of State Marco Rubio said the department will implement a 12-month pilot of a 'visa bond' program designed to target travelers from countries whose nationals have a high rate of overstaying their visas. That bond could total up to $15,000 per person, but the cable says consular officers will be expected to require a $10,000 bond per adult and $5,000 per child, according to two State Department officials familiar with the cable.
— Warren boosts Mamdani as model for Democratic victory: Elizabeth Warren doesn't have a problem with Zohran Mamdani being the face of the Democrats. In fact, she wants the rest of the party to follow his example on affordability. The progressive senator from Massachusetts swung by New York City on Monday to pay homage to Mamdani, who overwhelmingly won the Democratic nomination for mayor in June — but still hasn't secured endorsements from many of New York's party leaders.
— Duffy to announce nuclear reactor on the moon: Transportation Secretary Sean Duffy will announce expedited plans this week to build a nuclear reactor on the moon, the first major action by the former Fox News host as the interim NASA administrator. NASA has discussed building a reactor on the lunar surface, but this would set a more definitive timeline — according to documents obtained by POLITICO — and come just as the agency faces a massive budget cut. The move also underscores how Duffy, who faced pushback from lawmakers about handling two jobs, wants to play a role in NASA policymaking.
AROUND THE WORLD
DIRECT MEETING— Russian President Vladimir Putin is ready to meet with Ukrainian counterpart Volodymyr Zelenskyy if the groundwork is done beforehand, the Kremlin announced Monday.
'I want to remind you that the president himself does not rule out holding such a meeting after the necessary work is done at the expert level and the necessary distance has been covered,' Kremlin spokesperson Dmitry Peskov told reporters. However, he added, that preparatory work 'has not yet been done.'
Zelenskyy called for a direct meeting with Putin last week after the Kremlin chief expressed hope for further peace talks and said Russian troops were 'advancing on the entire front line.'
THE CASHLESS SOCIETY — In a country where cash is king, Prime Minister Edi Rama's ambition to make Albania go without by 2030 would turn society on its head.
For years, Albanians have preferred to keep their cash under the mattress — next to their AK-47, as the national joke goes — rather than in banks. But if Rama gets his wish, Albania would become the world's first cashless economy.
Much of the reason for this is that at the moment so many transactions happen under the counter. The elimination of cash 'is an absolute priority for countries with high informality and destabilizing amounts of illegal money in the financial system,' said Selami Xhepa, professor of economic science at the University of Tirana.
Nightly Number
RADAR SWEEP
SLOTS FOR SOLDIERS — Although Congress may have banned gambling devices from domestic U.S. bases, casino-style slot machines are still installed abroad, raking in millions of dollars from service members — many who are more likely to struggle with gambling disorders than civilians. The money that is raised through the slot machines is reinvested into recreation for troops, but an increasing number of service members and experts are saying that more of that money needs to be used toward prevention, education, and treatment from problem gambling. Molly Longman reports on the risk of installing on-base slot machines for Wired.
Parting Image
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump tariffs live updates: US outlines new tariff guidance as India calls Trump's warning ‘unjustified'
Trump tariffs live updates: US outlines new tariff guidance as India calls Trump's warning ‘unjustified'

Yahoo

time9 minutes ago

  • Yahoo

Trump tariffs live updates: US outlines new tariff guidance as India calls Trump's warning ‘unjustified'

The Trump administration has clarified that its new tariffs won't apply to goods already on ships heading to the US before 12:01 am New York time on Thursday, according to report from Bloomberg. The new rules explain which goods are exempt from US tariffs, including products under the US-Mexico-Canada (USMCA) and aid items like food, clothing, and medicine. But the US has warned it will slap a 40% tariff on goods that are shipped through other countries in order to dodge specific tariffs. Meanwhile, India has called out President Trump after he threatened to "substantially raise" tariffs on India exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. "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," Trump alleged on Truth Social. "They don't care how many people in Ukraine are being killed by the Russian War Machine." Trump has trained his ire on both India and China over its purchases of Russian oil. China called the demand a key hurdle in trade talks, while India hasn't committed to stopping purchases and is urging citizens to support local goods. Trump signed an order to hike tariffs on Canada to 35%, while setting rates from 10% to 40% on dozens of partners. Those duties are set to come into full effect this week as Trump looks set to dramatically change the US trade landscape. Yahoo Finance's Ben Werschkul has more details on the latest orders. You can see the new rates Trump is set to levy in the graphic below: In the past several days, Trump has unleashed a flurry of deals and trade moves leading up to his self-imposed deadline: Trump granted Mexico, the US's largest trading partner, a 90-day reprieve on higher tariffs. The US agreed to a trade deal with South Korea. The agreement includes a 15% tariff rate on imports from the country, while the US will not be charged a tariff on its exports, Trump said. Trump imposed 50% tariffs on semi-finished copper products starting Aug. 1. The president signed an order to end the de minimis exemption on low-value imports under $800, thereby applying tariffs from Aug. 29. Trump signed another order to impose a total of 50% tariffs on many goods from Brazil. However, it exempts key US imports like orange juice and aircraft parts that benefit Embraer (ERJ). The US and EU agreed to a trade deal that imposes 15% tariffs on EU goods. The nations are still working on finalizing many terms of the deal. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Rolex, luxury watchmakers brace for Trump's tariffs on Swiss imports Yahoo Finance's Pras Subramanian reports: Read more here. Trump says he will 'substantially' raise tariffs on India President Trump said on Monday he will "substantially" raise tariffs on India. Stocks still remained in rally mode following Friday's sell-off. "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," wrote Trump on Monday morning. "They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," he added. President Trump's sweeping tariffs are set to come into full effect later this week. Last week, Trump announced a 25% tariff on goods from India, plus an additional import tax because of the country's purchasing of Russian oil. Swiss prepare 'more attractive offer' to US to avert 39% tariff Bloomberg reports: Read more here. EU to suspend US tariff countermeasures for 6 months The European Union announced on Monday that it would suspend its two packages of US tariff countermeasures for 6 months. This follows the trade deal the US and EU reached last week Sunday. Reuters reports: Read more here. Swiss gold trading takes spotlight in trade talks with Trump President Trump's tariffs on Switzerland were prompted by the country being the world's largest hub for gold refining. Gold flows in from places like South America, Africa and gets processed in Switzerland and then exported to countries like the US. This gold trade makes Switzerland's exports to the US look large and the refiners don't get to keep most of the profits. Bloomberg News: Read more here. Greer says US-China talks 'about halfway there' on rare earths US Trade Representative Jamieson Greer said on Sunday that rare earths were a key focus in last week's Stockholm talks. He told CBS the US had secured supply commitments from China but noted the two sides are "about halfway there." Bloomberg News reports: Read more here. Swatch CEO calls on Swiss president to meet Trump to solve tariff dispute Swiss stocks took a hit on Monday as the market reopened after a holiday. Worries about the impact of President Trump's 39% export tariffs and a push for drugmakers to lower prices have caused tension in the market. In addition, Swatch Group ( Chief Executive Nick Hayek called on Swiss President Karin Keller-Sutter to meet President Trump in Washington to negotiate a better deal than the 39% tariffs announced on Swiss imports into the United States. Hayek told Reuters on Monday he was confident an agreement could still be reached before the tariffs, which were announced on Friday, went into effect on Aug. 7. Bloomberg News reports: Read more here. Malaysia agrees to boost tech, LNG purchases from US as part of trade deal Reuters reports: Read more here. Trump presses India, China to halt Russian oil buys as trade talks roll on The US and China are making progress on a trade deal, but a major sticking point remains: Washington wants Beijing to stop buying oil from Iran and Russia. China has pushed back, saying it will secure energy based on its own national interests. 'China will always ensure its energy supply in ways that serve our national interests,' China's Foreign Ministry posted on X on Wednesday following two days of trade negotiations in Stockholm, responding to the U.S. threat of a 100% tariff. 'Coercion and pressuring will not achieve anything. China will firmly defend its sovereignty, security and development interests," the ministry said. In India, Prime Minister Narendra Modi has rejected pressure from President Trump, encouraging people to buy local goods. India has not told its oil refiners to stop purchasing Russian oil, and those decisions remain up to each company. 'The world economy is going through many apprehensions — there is an atmosphere of instability,' Modi said at a rally in the northern state of Uttar Pradesh on Saturday. 'Now, whatever we buy, there should be only one scale: we will buy those things which have been made by the sweat of an Indian.' Japan PM: Win-win trade deal with US may be hard to implement Bloomberg News reports: Read more here. Trump tariff policy leaves some partners losers but few winners WASHINGTON (AP) — President Donald Trump's tariff onslaught left a lot of losers — from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They're now facing especially hefty taxes – tariffs – on the products they export to the United States starting Aug. 7. The closest thing to winners may be the countries that caved to Trump's demands — and avoided even more pain. But it's unclear whether anyone will be able to claim victory in the long run — even the United States, the intended beneficiary of Trump's protectionist policies. 'In many respects, everybody's a loser here,'' said Barry Appleton, co-director of the Center for International Law at the New York Law School. Barely six months after he returned to the White House, Trump has demolished the old global economic order. Gone is one built on agreed-upon rules. In its place is a system in which Trump himself sets the rules, using America's enormous economic power to punish countries that won't agree to one-sided trade deals and extracting huge concessions from the ones that do. Read more here. Switzerland business minister says it could revise tariffs offer ZURICH (Reuters) -The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Switzerland. Switzerland was left stunned on Friday after Trump hit the country with one of the highest tariffs in his global trade reset, with industry associations warning of tens of thousands of jobs being put at risk. The country's cabinet will hold a special meeting on Monday to discuss its next steps, with Parmelin telling broadcaster RTS that the government would move quickly before the U.S. tariffs are imposed on August 7. "We need to fully understand what happened, why the U.S. president made this decision. Once we have that on the table, we can decide how to proceed," Parmelin said. Read more here. Greer: Latest tariffs 'pretty much set' and unlikely to change (Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country," he said. "These tariff rates are pretty much set." Read more here. Trump introduces tiers for trade partners in latest approach to tariffs President Trump is moving forward on a new suite of tariff rates with an approach increasingly focused on grouping countries into tiers, as opposed to a previous approach of simply looking at the trade balance. The new approach remains heavily influenced by either a trade surplus or a deficit but has grown more complex — some might say more subjective — leading to some consolidation in rate levels and the lowering of rates for many countries to a key new standard of 15%. The new landscape was reflected in Thursday night's executive action announcing rates, which centered around the 15% rate set to be in place next week in about 40 countries. Countries facing that rate include major trading partners that recently struck deals, such as Europe and Japan, as well as smaller nations, from Afghanistan to Zimbabwe. More than 100 countries were excluded altogether from this week's announcement, meaning their rate will stay at 10%. Meanwhile, a third group of about 30 countries will see higher rates ranging from 18% to 50%. Trump and his team are taking an approach that could simplify future negotiations and be more in line with global trade dynamics. Read more here. Berkshire's consumer goods companies feel the sting of Trump's tariffs Not even the Oracle of Omaha can avoid the pinch of President Trump's trade war, it seems. Warren Buffett's Berkshire Hathaway said Saturday its consumer goods businesses felt the impact of Trump's trade policy, which raised tariffs on imported goods, Reuters reported: Read more here. US has 'makings of a deal' with China, Bessent says Treasury Secretary said on X that the US has "makings of a deal" with China. Reuters reports: Read more here. Nike, Deckers, On Running among footwear stocks under pressure as Trump outlines latest tariff plans Footwear companies like Deckers (DECK), Nike (NKE), and On Holding (ONON) are under pressure from President Trump's tariff plans, including new rates released Thursday evening that range from 10% to 40%. Yahoo Finance's Brooke DiPalma reports: Read more here. Stocks sink after Trump's latest tariff blitz Stocks came under pressure Friday after President Trump unveiled his plan for sweeping tariffs on almost all trading partners. Also weighing on sentiment were further signs of cracks in the labor market, punctuated by a weaker-than-expected jobs report released Friday morning. You can check out the latest action and updates in our markets live blog. Trump's 40% penalty for tariff dodging missing key details President Trump's tariff surprises are far from over. The US president has threatened to slap an extra 40% tariff on any product that Washington determines to be transshipped via another country. Its believed that this may be punishment, aimed at stopping goods mainly from China dodging US duties. The penalty for transshipping, which is when goods are moved from one type of transport to another, while on the way to where they're going, was included within the White house announcement on Thursday. But countries still do not have all the details. Bloomberg News reports: Read more here. Trump unleashes massive tariffs on Swiss watches, pharma firms Switzerland's exporters are bracing for financial fallout from President Trump's 39% tariffs, one of the steepest rates globally in his escalating trade war. From watch makers to pharmaceutical companies the knock on effect of Trump's new tariffs will be felt. The new tariffs on Switzerland are part of a broader package announced by Trump on Thursday. But Swiss manufacturers warned on Friday that tens of thousands of jobs are at risk due to Trump's tariff hit. Trump's 39% tariffs on Swiss exports do exclude the country's drug sector, but pharmaceutical companies Novartis AG (NVS) and Roche Holding (RHHBY) were one of the 17 global pharma firms to receive a letter from Trump demanding lower prices. "It's a massive shock for the export industry and for the whole country. We are really stunned," said Jean-Philippe Kohl, deputy director of Swissmem, representing the mechanical and electrical engineering industries. Bloomberg News reports: Read more here. Rolex, luxury watchmakers brace for Trump's tariffs on Swiss imports Yahoo Finance's Pras Subramanian reports: Read more here. Yahoo Finance's Pras Subramanian reports: Read more here. Trump says he will 'substantially' raise tariffs on India President Trump said on Monday he will "substantially" raise tariffs on India. Stocks still remained in rally mode following Friday's sell-off. "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," wrote Trump on Monday morning. "They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," he added. President Trump's sweeping tariffs are set to come into full effect later this week. Last week, Trump announced a 25% tariff on goods from India, plus an additional import tax because of the country's purchasing of Russian oil. President Trump said on Monday he will "substantially" raise tariffs on India. Stocks still remained in rally mode following Friday's sell-off. "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," wrote Trump on Monday morning. "They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," he added. President Trump's sweeping tariffs are set to come into full effect later this week. Last week, Trump announced a 25% tariff on goods from India, plus an additional import tax because of the country's purchasing of Russian oil. Swiss prepare 'more attractive offer' to US to avert 39% tariff Bloomberg reports: Read more here. Bloomberg reports: Read more here. EU to suspend US tariff countermeasures for 6 months The European Union announced on Monday that it would suspend its two packages of US tariff countermeasures for 6 months. This follows the trade deal the US and EU reached last week Sunday. Reuters reports: Read more here. The European Union announced on Monday that it would suspend its two packages of US tariff countermeasures for 6 months. This follows the trade deal the US and EU reached last week Sunday. Reuters reports: Read more here. Swiss gold trading takes spotlight in trade talks with Trump President Trump's tariffs on Switzerland were prompted by the country being the world's largest hub for gold refining. Gold flows in from places like South America, Africa and gets processed in Switzerland and then exported to countries like the US. This gold trade makes Switzerland's exports to the US look large and the refiners don't get to keep most of the profits. Bloomberg News: Read more here. President Trump's tariffs on Switzerland were prompted by the country being the world's largest hub for gold refining. Gold flows in from places like South America, Africa and gets processed in Switzerland and then exported to countries like the US. This gold trade makes Switzerland's exports to the US look large and the refiners don't get to keep most of the profits. Bloomberg News: Read more here. Greer says US-China talks 'about halfway there' on rare earths US Trade Representative Jamieson Greer said on Sunday that rare earths were a key focus in last week's Stockholm talks. He told CBS the US had secured supply commitments from China but noted the two sides are "about halfway there." Bloomberg News reports: Read more here. US Trade Representative Jamieson Greer said on Sunday that rare earths were a key focus in last week's Stockholm talks. He told CBS the US had secured supply commitments from China but noted the two sides are "about halfway there." Bloomberg News reports: Read more here. Swatch CEO calls on Swiss president to meet Trump to solve tariff dispute Swiss stocks took a hit on Monday as the market reopened after a holiday. Worries about the impact of President Trump's 39% export tariffs and a push for drugmakers to lower prices have caused tension in the market. In addition, Swatch Group ( Chief Executive Nick Hayek called on Swiss President Karin Keller-Sutter to meet President Trump in Washington to negotiate a better deal than the 39% tariffs announced on Swiss imports into the United States. Hayek told Reuters on Monday he was confident an agreement could still be reached before the tariffs, which were announced on Friday, went into effect on Aug. 7. Bloomberg News reports: Read more here. Swiss stocks took a hit on Monday as the market reopened after a holiday. Worries about the impact of President Trump's 39% export tariffs and a push for drugmakers to lower prices have caused tension in the market. In addition, Swatch Group ( Chief Executive Nick Hayek called on Swiss President Karin Keller-Sutter to meet President Trump in Washington to negotiate a better deal than the 39% tariffs announced on Swiss imports into the United States. Hayek told Reuters on Monday he was confident an agreement could still be reached before the tariffs, which were announced on Friday, went into effect on Aug. 7. Bloomberg News reports: Read more here. Malaysia agrees to boost tech, LNG purchases from US as part of trade deal Reuters reports: Read more here. Reuters reports: Read more here. Trump presses India, China to halt Russian oil buys as trade talks roll on The US and China are making progress on a trade deal, but a major sticking point remains: Washington wants Beijing to stop buying oil from Iran and Russia. China has pushed back, saying it will secure energy based on its own national interests. 'China will always ensure its energy supply in ways that serve our national interests,' China's Foreign Ministry posted on X on Wednesday following two days of trade negotiations in Stockholm, responding to the U.S. threat of a 100% tariff. 'Coercion and pressuring will not achieve anything. China will firmly defend its sovereignty, security and development interests," the ministry said. In India, Prime Minister Narendra Modi has rejected pressure from President Trump, encouraging people to buy local goods. India has not told its oil refiners to stop purchasing Russian oil, and those decisions remain up to each company. 'The world economy is going through many apprehensions — there is an atmosphere of instability,' Modi said at a rally in the northern state of Uttar Pradesh on Saturday. 'Now, whatever we buy, there should be only one scale: we will buy those things which have been made by the sweat of an Indian.' The US and China are making progress on a trade deal, but a major sticking point remains: Washington wants Beijing to stop buying oil from Iran and Russia. China has pushed back, saying it will secure energy based on its own national interests. 'China will always ensure its energy supply in ways that serve our national interests,' China's Foreign Ministry posted on X on Wednesday following two days of trade negotiations in Stockholm, responding to the U.S. threat of a 100% tariff. 'Coercion and pressuring will not achieve anything. China will firmly defend its sovereignty, security and development interests," the ministry said. In India, Prime Minister Narendra Modi has rejected pressure from President Trump, encouraging people to buy local goods. India has not told its oil refiners to stop purchasing Russian oil, and those decisions remain up to each company. 'The world economy is going through many apprehensions — there is an atmosphere of instability,' Modi said at a rally in the northern state of Uttar Pradesh on Saturday. 'Now, whatever we buy, there should be only one scale: we will buy those things which have been made by the sweat of an Indian.' Japan PM: Win-win trade deal with US may be hard to implement Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Trump tariff policy leaves some partners losers but few winners WASHINGTON (AP) — President Donald Trump's tariff onslaught left a lot of losers — from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They're now facing especially hefty taxes – tariffs – on the products they export to the United States starting Aug. 7. The closest thing to winners may be the countries that caved to Trump's demands — and avoided even more pain. But it's unclear whether anyone will be able to claim victory in the long run — even the United States, the intended beneficiary of Trump's protectionist policies. 'In many respects, everybody's a loser here,'' said Barry Appleton, co-director of the Center for International Law at the New York Law School. Barely six months after he returned to the White House, Trump has demolished the old global economic order. Gone is one built on agreed-upon rules. In its place is a system in which Trump himself sets the rules, using America's enormous economic power to punish countries that won't agree to one-sided trade deals and extracting huge concessions from the ones that do. Read more here. WASHINGTON (AP) — President Donald Trump's tariff onslaught left a lot of losers — from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They're now facing especially hefty taxes – tariffs – on the products they export to the United States starting Aug. 7. The closest thing to winners may be the countries that caved to Trump's demands — and avoided even more pain. But it's unclear whether anyone will be able to claim victory in the long run — even the United States, the intended beneficiary of Trump's protectionist policies. 'In many respects, everybody's a loser here,'' said Barry Appleton, co-director of the Center for International Law at the New York Law School. Barely six months after he returned to the White House, Trump has demolished the old global economic order. Gone is one built on agreed-upon rules. In its place is a system in which Trump himself sets the rules, using America's enormous economic power to punish countries that won't agree to one-sided trade deals and extracting huge concessions from the ones that do. Read more here. Switzerland business minister says it could revise tariffs offer ZURICH (Reuters) -The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Switzerland. Switzerland was left stunned on Friday after Trump hit the country with one of the highest tariffs in his global trade reset, with industry associations warning of tens of thousands of jobs being put at risk. The country's cabinet will hold a special meeting on Monday to discuss its next steps, with Parmelin telling broadcaster RTS that the government would move quickly before the U.S. tariffs are imposed on August 7. "We need to fully understand what happened, why the U.S. president made this decision. Once we have that on the table, we can decide how to proceed," Parmelin said. Read more here. ZURICH (Reuters) -The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Switzerland. Switzerland was left stunned on Friday after Trump hit the country with one of the highest tariffs in his global trade reset, with industry associations warning of tens of thousands of jobs being put at risk. The country's cabinet will hold a special meeting on Monday to discuss its next steps, with Parmelin telling broadcaster RTS that the government would move quickly before the U.S. tariffs are imposed on August 7. "We need to fully understand what happened, why the U.S. president made this decision. Once we have that on the table, we can decide how to proceed," Parmelin said. Read more here. Greer: Latest tariffs 'pretty much set' and unlikely to change (Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country," he said. "These tariff rates are pretty much set." Read more here. (Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country," he said. "These tariff rates are pretty much set." Read more here. Trump introduces tiers for trade partners in latest approach to tariffs President Trump is moving forward on a new suite of tariff rates with an approach increasingly focused on grouping countries into tiers, as opposed to a previous approach of simply looking at the trade balance. The new approach remains heavily influenced by either a trade surplus or a deficit but has grown more complex — some might say more subjective — leading to some consolidation in rate levels and the lowering of rates for many countries to a key new standard of 15%. The new landscape was reflected in Thursday night's executive action announcing rates, which centered around the 15% rate set to be in place next week in about 40 countries. Countries facing that rate include major trading partners that recently struck deals, such as Europe and Japan, as well as smaller nations, from Afghanistan to Zimbabwe. More than 100 countries were excluded altogether from this week's announcement, meaning their rate will stay at 10%. Meanwhile, a third group of about 30 countries will see higher rates ranging from 18% to 50%. Trump and his team are taking an approach that could simplify future negotiations and be more in line with global trade dynamics. Read more here. President Trump is moving forward on a new suite of tariff rates with an approach increasingly focused on grouping countries into tiers, as opposed to a previous approach of simply looking at the trade balance. The new approach remains heavily influenced by either a trade surplus or a deficit but has grown more complex — some might say more subjective — leading to some consolidation in rate levels and the lowering of rates for many countries to a key new standard of 15%. The new landscape was reflected in Thursday night's executive action announcing rates, which centered around the 15% rate set to be in place next week in about 40 countries. Countries facing that rate include major trading partners that recently struck deals, such as Europe and Japan, as well as smaller nations, from Afghanistan to Zimbabwe. More than 100 countries were excluded altogether from this week's announcement, meaning their rate will stay at 10%. Meanwhile, a third group of about 30 countries will see higher rates ranging from 18% to 50%. Trump and his team are taking an approach that could simplify future negotiations and be more in line with global trade dynamics. Read more here. Berkshire's consumer goods companies feel the sting of Trump's tariffs Not even the Oracle of Omaha can avoid the pinch of President Trump's trade war, it seems. Warren Buffett's Berkshire Hathaway said Saturday its consumer goods businesses felt the impact of Trump's trade policy, which raised tariffs on imported goods, Reuters reported: Read more here. Not even the Oracle of Omaha can avoid the pinch of President Trump's trade war, it seems. Warren Buffett's Berkshire Hathaway said Saturday its consumer goods businesses felt the impact of Trump's trade policy, which raised tariffs on imported goods, Reuters reported: Read more here. US has 'makings of a deal' with China, Bessent says Treasury Secretary said on X that the US has "makings of a deal" with China. Reuters reports: Read more here. Treasury Secretary said on X that the US has "makings of a deal" with China. Reuters reports: Read more here. Nike, Deckers, On Running among footwear stocks under pressure as Trump outlines latest tariff plans Footwear companies like Deckers (DECK), Nike (NKE), and On Holding (ONON) are under pressure from President Trump's tariff plans, including new rates released Thursday evening that range from 10% to 40%. Yahoo Finance's Brooke DiPalma reports: Read more here. Footwear companies like Deckers (DECK), Nike (NKE), and On Holding (ONON) are under pressure from President Trump's tariff plans, including new rates released Thursday evening that range from 10% to 40%. Yahoo Finance's Brooke DiPalma reports: Read more here. Stocks sink after Trump's latest tariff blitz Stocks came under pressure Friday after President Trump unveiled his plan for sweeping tariffs on almost all trading partners. Also weighing on sentiment were further signs of cracks in the labor market, punctuated by a weaker-than-expected jobs report released Friday morning. You can check out the latest action and updates in our markets live blog. Stocks came under pressure Friday after President Trump unveiled his plan for sweeping tariffs on almost all trading partners. Also weighing on sentiment were further signs of cracks in the labor market, punctuated by a weaker-than-expected jobs report released Friday morning. You can check out the latest action and updates in our markets live blog. Trump's 40% penalty for tariff dodging missing key details President Trump's tariff surprises are far from over. The US president has threatened to slap an extra 40% tariff on any product that Washington determines to be transshipped via another country. Its believed that this may be punishment, aimed at stopping goods mainly from China dodging US duties. The penalty for transshipping, which is when goods are moved from one type of transport to another, while on the way to where they're going, was included within the White house announcement on Thursday. But countries still do not have all the details. Bloomberg News reports: Read more here. President Trump's tariff surprises are far from over. The US president has threatened to slap an extra 40% tariff on any product that Washington determines to be transshipped via another country. Its believed that this may be punishment, aimed at stopping goods mainly from China dodging US duties. The penalty for transshipping, which is when goods are moved from one type of transport to another, while on the way to where they're going, was included within the White house announcement on Thursday. But countries still do not have all the details. Bloomberg News reports: Read more here. Trump unleashes massive tariffs on Swiss watches, pharma firms Switzerland's exporters are bracing for financial fallout from President Trump's 39% tariffs, one of the steepest rates globally in his escalating trade war. From watch makers to pharmaceutical companies the knock on effect of Trump's new tariffs will be felt. The new tariffs on Switzerland are part of a broader package announced by Trump on Thursday. But Swiss manufacturers warned on Friday that tens of thousands of jobs are at risk due to Trump's tariff hit. Trump's 39% tariffs on Swiss exports do exclude the country's drug sector, but pharmaceutical companies Novartis AG (NVS) and Roche Holding (RHHBY) were one of the 17 global pharma firms to receive a letter from Trump demanding lower prices. "It's a massive shock for the export industry and for the whole country. We are really stunned," said Jean-Philippe Kohl, deputy director of Swissmem, representing the mechanical and electrical engineering industries. Bloomberg News reports: Read more here. Switzerland's exporters are bracing for financial fallout from President Trump's 39% tariffs, one of the steepest rates globally in his escalating trade war. From watch makers to pharmaceutical companies the knock on effect of Trump's new tariffs will be felt. The new tariffs on Switzerland are part of a broader package announced by Trump on Thursday. But Swiss manufacturers warned on Friday that tens of thousands of jobs are at risk due to Trump's tariff hit. Trump's 39% tariffs on Swiss exports do exclude the country's drug sector, but pharmaceutical companies Novartis AG (NVS) and Roche Holding (RHHBY) were one of the 17 global pharma firms to receive a letter from Trump demanding lower prices. "It's a massive shock for the export industry and for the whole country. We are really stunned," said Jean-Philippe Kohl, deputy director of Swissmem, representing the mechanical and electrical engineering industries. Bloomberg News reports: Read more here. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos

Imran Khan's party turns to UN as former Pakistan prime minister marks 2 years in prison
Imran Khan's party turns to UN as former Pakistan prime minister marks 2 years in prison

Yahoo

time9 minutes ago

  • Yahoo

Imran Khan's party turns to UN as former Pakistan prime minister marks 2 years in prison

As Imran Khan completes two years in jail, his party is preparing to approach the UN with a new case alleging 'torture' and 'inhumane' treatment of Pakistan's former prime minister and his wife in custody. A UN human rights working group last year found the former leader's incarceration to be arbitrary and unlawful and ruled the 'appropriate remedy would be to release Khan immediately and accord him an enforceable right to compensation and other reparations, in accordance with international law'. Zulfiqar Ali Bukhari, a senior aide to Khan, tells The Independent that their Pakistan Tehreek-e-Insaf party is once again approaching the UN with formal documentation outlining the alleged custodial torture of the former leader and his wife, Bushra Bibi. 'We are putting a case,' he says, 'it's going to be lodged very soon.' The party is also ramping up pressure at home. To mark the second anniversary of Khan's arrest on 5 August, members and supporters of Pakistan Tehreek-e-Insaf intend to take to the streets, demanding their leader's release and denouncing what they call a sustained campaign to silence the country's most popular political figure. Bukhari says supporters will organise peaceful rallies and neighbourhood meetings and the party will release a 'white paper' documenting what it calls years of state repression. The party aims for the protest to build momentum towards a broader national mobilisation. 'There is no choice but to start building momentum for a national protest. We want to start off building momentum,' he says. Khan was removed as prime minister through a parliamentary no confidence motion in 2022 and arrested over corruption allegations on 9 May 2023. His arrest sparked nationwide protests, some of which turned violent and targeted military installations. Khan was released shortly after but jailed again on 5 August 2023, marking the beginning of a series of legal battles. The jailed leader has accused Pakistan's powerful military of conspiring with the US to topple him. The military and the US have denied the accusations. Khan's party has faced a sustained state crackdown since his ouster. Just last week, a Pakistani court sentenced 108 senior members of the party, including leader of the opposition Omar Ayub Khan, to 10 years in prison for their alleged role in the 2023 anti-government protests sparked by Khan's arrest. The ruling was another major setback for the party, which had already lost many of its leaders to arrests or pressure to quit politics. Pakistan Tehreek-e-Insaf has maintained the 2023 protests were mostly peaceful and reflected public anger against Khan's arrest. But the government has used antiterrorism laws to crack down on the party's leadership that it has accused of being involved in the agitation. Critics say the sentencing of over 100 leaders at once shows the state's aim is to weaken the party. Khan's lawyers are sounding concern over what they describe as the erosion of judicial independence in Pakistan. Abuzar Salman Niazi, one of the lawyers, claims the courts are being used to sideline the former prime minister through politically motivated convictions and procedural delays. He also says Khan's treatment in prison violates both Pakistani law and international human rights standards. 'He's kept in solitary confinement for 22 to 23 hours a day. Even safe drinking water is not provided,' Niazi tells The Independent. 'There is psychological torture that he is being subjected to continuously. His wife is being treated in a very unfair manner.' According to Khan's legal team, the judiciary is increasingly aligned with the executive, denying fair trial rights and enabling what they call a systematic effort to crush dissent. Khan's party alleges that he and his wife face inhumane treatment in custody, especially during Pakistan's searing summer. 'The last six months, especially the last three to four months, have been excruciatingly hot,' Bukhari says. 'They've blocked access to him. There's been a severe lack of communication. His legal team has extremely limited to no access. His calls to his children, some weeks go by where he doesn't meet anybody.' The Independent sent a list of questions for Khan through a close aide, but they were unable to obtain a response because, they claimed, his lawyers were being denied access to him. While Pakistan Tehreek-e-Insaf continues to call for mass mobilisation and international intervention to get Khan out, it is grappling with internal challenges as well. The sweeping state crackdown has not only targeted the party's leadership but also sparked internal fragmentation. Several prominent figures have either distanced themselves from the party or gone silent under pressure, leaving a vacuum that the party has struggled to fill. Bukhari acknowledges these challenges. 'There's always going to be issues with leadership when the most popular leader of the largest political party is in prison,' he says. 'It's only natural you're going to have these problems because the party has always been led by someone who's a larger-than-life figure, and people have got to know him and got to believe in him and love him. So, no one is going to live up to that. There're naturally going to be shortfalls all around. The main thing is that, in what you call fragmentation, is that these are problems that will continue until Imran Khan comes out.' He claims the state has deliberately restricted Khan's communication with his closest allies to sow confusion and disunity. 'They suffocate our communication with him, which creates different variants of what Imran Khan may have thought or said in prison,' he explains. 'That's very tactfully done.' As Khan remains effectively cut off from his party and legal battles keep mounting – he still faces over 200 cases – questions loom over what Pakistan Tehreek-e-Insaf looks like without the founder at the helm. In the absence of Khan from day-to-day politics, there is no one to fill the leadership vacuum. In spite of these challenges, the party insists it is not collapsing. Bukhari says that no leader in 'Pakistan's history' can match Khan's popularity or charisma, so, instead of trying to replace him, they must focus on keeping the party united. 'It's not about filling his shoes,' he argues. 'It's about steering the party in a manner that can weather the storm.' Niazi says Khan has endured his physical and emotional torment, including pressure on his family meant to break him, with courage. 'But he's still standing tall. He's not giving up. He's standing for the rule of law. He's standing tall for democracy,' the lawyer says. 'He's standing tall for an independent judiciary.' Khan's imprisonment has become a flashpoint in Pakistan's ongoing political crisis, raising concerns about the fairness of the justice system and the space for opposition voices. For many, Khan's time behind bars has only reinforced the image he spent years building – that of a defiant figure weathering the storm. Still, with Pakistan Tehreek-e-Insaf facing a sweeping crackdown and Khan dealing with his own mounting legal troubles, it's unclear how long his resilience alone can sustain a party under siege.

10-year Treasury yield climbs ahead of key services data
10-year Treasury yield climbs ahead of key services data

CNBC

time11 minutes ago

  • CNBC

10-year Treasury yield climbs ahead of key services data

The 10-year Treasury yield inched higher as investors assessed developments related to U.S. President Donald Trump's tariff rates and looked toward data on July's services sector activity, slated for release later in the day. The benchmark 10-year note yield was over one basis point higher at 4.21% as of 4.15 a.m. ET, while the 30-year bond was less than one basis point higher at 4.801%. The 2-year Treasury note yield also climbed over 2 basis points to 3.702%. One basis point is equal to 0.01% and yields and prices move in opposite directions. The U.S. is expected to release the ISM non-manufacturing purchasing managers' index. Analysts polled by Reuters see the figure coming in at 51.5, up from 50.8 the previous month. Trump on Monday threatened to "substantially" increase tariffs on Indian goods, though he did not specify by how much. Last week, he floated a 25% levy and an additional "penalty" if India continues buying Russian oil. India pushed back against criticism from the U.S. and European Union over its purchases of Russian oil, saying it was being "targeted" unfairly after Trump warned of sharply higher tariffs. In a statement issued late Monday, India's Foreign Ministry said it only began buying oil from Russia after "traditional supplies" were redirected to Europe in the wake of the 2022 Russia-Ukraine war. "It is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion [for them]," the ministry added, taking aim at the EU and U.S.

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