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First Post
16 minutes ago
- First Post
'Close to making deal with India': Trump announces as US slaps tariffs on 14 nations
US President Donald Trump warned that nations not ready to bow down to US terms will be punished with new tariffs read more US President Donald Trump on Monday (July 7) announced that his administration was 'close to' reaching a trade deal with India, as Washington imposed fresh tariffs on several nations. 'We've made a deal with the United Kingdom. We've made a deal with China. We are close to making a deal with India,' Trump told reporters at the White House during a private dinner with Israeli PM Benjamin Netanyahu. Trump warned that nations not ready to bow down to US terms will also be punished with new tariffs. STORY CONTINUES BELOW THIS AD 'Others we met with, and we don't think we're going to be able to make a deal, so we just send them a letter,' Trump said. 'We're sending out letters to various countries telling them how much tariffs they have to pay.' Deal with India Trump in his statement didn't mention about the nature and scope of the deal with India; however, he signalled his willingness to offer flexibility to countries raising legitimate concerns. 'Some will maybe adjust a little bit depending if they have a cause,' he added. 'We're not going to be unfair about it.' Earlier, media reports emerged that India had made the US aware of its certain red lines, including its concerns in dairy and agricultural sector. The reports said US negotiators have acknowledged India's concerns, and they are mulling offering 'limited relief' on dairy products. India is meanwhile considering offering tariff concessions on certain US-made electronic goods. Trump previously noted that India seems open to reducing trade barriers, which could pave the way for an agreement before the July 9 deadline. 'Right now, India doesn't accept anybody in. I think India is going to do that. If they do, we're going to have a deal for less—much less—tariffs,' Trump remarked, referencing the 26% reciprocal tariffs he announced on April 2, which are currently suspended pending trade negotiations. Trump's recent remarks on trade deal with India come as the US administration on Monday expanded tariffs on imports from Japan, South Korea, Myanmar, Laos, South Africa, Kazakhstan, Malaysia, Tunisia, Indonesia, Bosnia, Bangladesh, Serbia, Cambodia, and Thailand. The tariff slabs will come into effect from August 1, according to letters posted by Donald Trump on Truth Social. STORY CONTINUES BELOW THIS AD
India Today
16 minutes ago
- India Today
Devendra Fadnavis orders probe into hotel deal involving Shinde Sena minister's son
Maharashtra Chief Minister Devendra Fadnavis on Monday announced a high-level inquiry to ascertain any irregularities in the tendering process to auction a hotel in Chhatrapati Sena MLA and state minister Sanjay Shirsat had come under fire after the opposition pointed out that his son's company was one of the three Danve, leader of the opposition in the legislative council, raised the issue through a calling attention The VITS Hotel in Chhatrapati Sambhajinagar belonged to Dhanda Corporation, a company listed on the Bombay Stock Exchange. The properties of the Dhanada Corporation, including the VITS Hotel, were seized under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, court ordered the auction of the hotel. Accordingly, the Chhatrapati Sambhajinagar collectorate conducted to the government-registered valuer's report in December 2018, the value of the hotel was Rs 75.92 crore. In 2025, when the property is being auctioned, the value is pegged as per the 2018 valuation. The value of the hotel is Rs 150 crore now as per private valuers, Danve alleged the lack of transparency in the auction process. He said three companies joined the process including M/s Siddhant Material Procurement and Suppliers Company. He said the company belongs to Maharashtra Social Justice Minister Sanjay Shirsat's son alleged that the company's registration form states that it had applied for registration in 2024 but has not yet been alleged cartelisation in the tendering process. M/s Siddhant Material Procurement and Suppliers Company bid for the company at the price of Rs 47 crore. The next two bidders bid with a difference of just Rs 5 lakh each- at Rs 46.95 and Rs 46.90 crore."This is a fraud and the government is being defrauded in a big way. Sidhant Shirsat is the son of Social Justice Minister Sanjay Shirsat. There is no ITR. What action will be taken against the government officer who allowed this irregularity," Danve said Revenue Minister Chandrashekhar Bawankule had stated that the entire process has been scrapped and a new process will be initiated to float fresh tenders."There will be a high-level inquiry to probe if there are any irregularities in this case to ensure transparency," he said the tender and the process have been cancelled. He said tenders were floated six times in the past but no bid was received. In the process, the base price and conditions kept coming said new tender will be on the council, Shirsat stated that the tender had been floated six times in the past but received no bid. He also said the tendering process was being carried out as per the court's flak, Shirsat last month said he was asking his son Siddhant to withdraw from the race to procure a hotel.- EndsTune InMust Watch IN THIS STORY#Maharashtra
News18
16 minutes ago
- News18
BRICS Undermining US Interests, Trump To Ensure 'Fair Treatment': White House
Last Updated: White House Press Secretary Karoline Leavitt stated that President Trump believes that BRICS Summit is seeking to "undermine" the interests of the United States. As the BRICS Summit concluded on Monday, President Donald Trump believes that the bloc is seeking to 'undermine" the interests of the United States, the White House stated. It was further added that the US President intends to ensure that America is 'fairly treated on the world stage". While addressing a press briefing on Monday (local time), Press Secretary Karoline Leavitt stated that Trump will take any necessary action to prevent nations from taking 'advantage of the US and its people". 'The President feels that BRICS is seeking to undermine the interests of the United States. It's the President's utmost responsibility to put the interests of the United States first. That's how he views his job as the President. So, he's going to ensure that America is fairly treated on the world stage, and he'll take any action necessary to prevent countries from taking advantage of the United States and our people." She stated that Trump is "closely monitoring" the BRICS Summit, and he perceives these nations as trying to undermine the US interests. #WATCH | On US President Trump threatening extra 10% tariff on nations supporting 'anti-America" policies of BRICS nations, White House Press Secretary Karoline Leavitt says, 'The President feels that BRICS is seeking to undermine the United States' interests. It's the… — ANI (@ANI) July 7, 2025 The 17th BRICS Summit, hosted by Brazil in Rio de Janeiro on July 6-7, brought together leaders from Brazil, Russia, India, China, South Africa, and new members Egypt, Ethiopia, Iran, the UAE, and Indonesia for the meeting. The White House's remarks come after Trump issued a strong warning to countries supporting what he termed the anti-American policies of BRICS. "Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter," Trump posted on Truth Social. (With agency inputs) First Published: July 08, 2025, 08:07 IST
