Big day for US democracy, says Newsom, as judge orders National Guard back to California control
Show more
Show less
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
BRICS summit opens in Brazil overshadowed by Trump's tariff policies and Middle East tensions
Brazil is playing host to a summit of the BRICS bloc of developing economies Sunday and Monday during which pressing topics like Israel's attack on Iran, the humanitarian crisis in Gaza and trade tariffs imposed by U.S. President Donald Trump are expected to be handled with caution. Analysts and diplomats have said the lack of cohesion in an enlarged BRICS, which doubled in size last year, may affect its ability to become another pole in world affairs. They also see the summit's moderate agenda as an attempt by member countries to stay off Trump's radar. Brazil's President Luiz Inacio Lula da Silva has some of his priorities, such as debates on artificial intelligence and climate change, front and center for the talks with key leaders not in attendance. Lula said in his speech on Sunday that "we are witnessing the unparalled collapse of multilateralism" and that the meeting is taking place "in the most adverse global scenario" of the four times Brazil has hosted it. He called for the group to promote peace and mediate conflicts. "If international governance does not reflect the new multipolar reality of the 21st century, it is up to the BRICS to contribute to its renovation," Lula said at the opening of the summit. Live Events China's President Xi Jinping did not attend a BRICS summit for the first time since he became his country's leader in 2012. Russian President Vladimir Putin, who will make an appearance via videoconference, continues to mostly avoid traveling abroad due to an international arrest warrant issued after Russia invaded Ukraine. Iranian President Masoud Pezeshkian and Egypt's Abdel-Fattah el-Sissi are also absent from the gathering in Rio de Janeiro. Three joint statements expected The restraint expected in Rio de Janeiro marks a departure from last year's summit hosted by Russia in Kazan, when the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia's full-scale invasion of Ukraine in February 2022. A source involved in the negotiations told journalists Friday that some members of the group want more aggressive language on the situation in Gaza and Israel's attack on Iran. The source spoke under the condition of anonymity because they were not authorized to speak about the matter publicly. "Brazil wants to keep the summit as technical as possible," said Oliver Stuenkel, a professor at the Getulio Vargas Foundation think tank and university. Consequently, observers expect a vague final declaration regarding Russia's war in Ukraine and conflicts in the Middle East. As well as suiting Brazil, a watered-down and non-controversial statement may be made easier by the absences of Putin and Xi, Stuenkel said. Those two countries have pushed for a stronger anti-Western stance, as opposed to Brazil and India that prefer non-alignment. A Brazilian government official told The Associated Press on Thursday that the group is expected to produce three joint statements and a final declaration, "all of which less bounded by current geopolitical tensions." The official spoke on condition of anonymity because they were not authorized to speak publicly about the summit's preparations. Joao Alfredo Nyegray, an international business and geopolitics professor at the Pontifical Catholic University in Parana, said the summit could have played a role in showing an alternative to an unstable world, but won't do so. "The withdrawal of Egypt's President Abdel Fattah al-Sisi and the uncertainty about the level of representation for countries like Iran, Saudi Arabia and the UAE are confirming the difficulty for the BRICS to establish themselves as a cohesive pole of global leadership," Nyegray said. "This moment demands high level articulation, but we are actually seeing dispersion." Avoid Trump's tariffs Brazil, the country that chairs the bloc, has picked six strategic priorities for the summit: global cooperation in healthcare; trade, investment and finance; climate change; governance for artificial intelligence; peace-making and security; and institutional development. It has decided to focus on less controversial issues, such as promoting trade relations between members and global health, after Trump returned to the White House , said Ana Garcia, a professor at the Rio de Janeiro Federal Rural University. "Brazil wants the least amount of damage possible and to avoid drawing the attention of the Trump administration to prevent any type of risk to the Brazilian economy," Garcia said. While Brazil advocated on Sunday for the reform of Western-led global institutions, a cornerstone policy of the group, the country's government wants to avoid becoming the target of tariffs - a predicament it has so far largely escaped. Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. 'Best opportunity for emerging countries' BRICS was founded by Brazil, Russia, India, China and South Africa, but the group last year expanded to include Indonesia, Iran, Egypt, Ethiopia, and the United Arab Emirates. As well as new members, the bloc has 10 strategic partner countries, a category created at last year's summit that includes Belarus, Cuba and Vietnam. That rapid expansion led Brazil to put housekeeping issues - officially termed institutional development - on the agenda to better integrate new members and boost internal cohesion. Despite notable absences, the summit is important for attendees, especially in the context of instability provoked by Trump's tariff wars, said Bruce Scheidl, a researcher at the University of Sao Paulo's BRICS study group. "The summit offers the best opportunity for emerging countries to respond, in the sense of seeking alternatives and diversifying their economic partnerships," Scheidl said. For Lula, the summit is a welcome pause from a difficult domestic scenario, marked by a drop in popularity and conflict with Congress. The meeting also represents an opportunity to advance climate negotiations and commitments on protecting the environment before November's COP 30 climate talks in the Amazonian city of Belem.
News18
an hour ago
- News18
India, US Likely To Finalise Mini Trade Deal Within 48 Hours: Report
Last Updated: As per the report, the two sides have completed the discussions on the mini-deal, which could pave the way for broader trade discussions. In a significant move, India and the United States are likely to make a final decision on a mini-trade deal within the next 24 to 48 hours, CNBC-TV18 reported on Sunday citing sources. As per the report, the two sides have completed the discussions on the mini-deal, which could pave the way for broader trade discussions. The average tariff under the mini deal is likely to be around 10%, while the talks on comprehensive Bilateral Trade Agreement (BTA) are expected to begin after July 9, the report added. The update came after US President Donald Trump readied tariff letters for 12 unnamed countries and Union Minister Piyush Goyal insisted that India 'does not negotiate under deadlines'. This is a developing story
India.com
2 hours ago
- India.com
Modi Vs Trump! Both leaders stand firm on same ground as July 9 trade deal deadline approaches, India now plans to..., US also eyes to...
Bangladesh in tension as PM Modi gets…, Donald Trump slams Mohammad Yunus for… New Delhi: India and the United States have been locked in trade agreement talks for weeks, and with the July 9 deadline fast approaching, both sides are making determined efforts to strike a deal despite their firm positions. It is important to note that the United States has already reached an agreement with its biggest rival, China. However, it has not yet been able to do so with India. The main reason for this is that the United States President Donald Trump and Indian Prime Minister Narendra Modi are standing firm on their respective positions. Both leaders are equally sensitive about the interests of their countries' farmers, but their targets are different, which has created a deadlock. Notably, at one point, India was not even willing to reduce duties on agricultural products. The core issue in the stalemate is the same for both countries — the farmer. The United States is working to give all the advantages to its farmers by selling its agricultural and dairy products in the Indian market. India, on the other hand, wants to safeguard its farmers from cheap American agricultural and dairy imports. If these low-cost products enter India, prices could fall, harming Indian farmers. Trump's Political Compulsion It is important to note that American farmers—especially those from the Midwest- are Donald Trump's strong political base. Trump received massive support from rural areas in the 2016 and 2020 elections. This support played a crucial role in his rise to the presidency. That's why his administration prioritized the interests of the US agriculture and dairy sectors in trade policy. Trump's statements like 'Our farmers are going to do really well' and 'No one can compete with you' reflect this political commitment. Here are some of the key details: American farmers have now become more dependent on exports due to surplus domestic production and changing consumption patterns. States like Iowa, Wisconsin, and Nebraska rely on foreign markets for products such as soybeans, corn, dairy, and meat. American farmers gaining access to a large market like India is important not only for the economic interests of these states The cash aid provided to farmers during his previous term further demonstrates that he views them as a core part of his support base. PM Modi's Concerns: For Prime Minister Narendra Modi, protecting the country's farmers is both an economic and political necessity. Even though agriculture contributes only 16 percent to India's USD 3.9 trillion economy, nearly half of the country's 1.4 billion population depends on it. As was evident in 2020 when the controversial farm laws had to be repealed, the government cannot afford to risk farmer unrest. The import of cheap agricultural and dairy products from the US could lead to a drop in local prices, causing significant harm to Indian farmers. This would give the opposition an opportunity to attack the government. If India grants the U.S. access to its market, it may be forced to extend similar concessions to other countries, making the situation even more complex.
