
Musk says Trump should ‘just release Epstein files as promised'
'Seriously. He said 'Epstein' half a dozen times while telling everyone to stop talking about Epstein. Just release the files as promised,' Musk said in a reply to a post on X.
Earlier, Trump had defended Attorney General Pam Bondi in a post on Truth Social, while also accusing members of the Biden administration and others of being the creator of the files. –BLOOMBERG

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Malaysian Reserve
5 hours ago
- Malaysian Reserve
EU delays tariffs on us goods despite 30% levy announced by Trump
BRUSSELS — The European Union will extend its suspension of tariffs on goods imported from the US until early August, despite Washington's decision to slap a 30 per cent levy on imports from the bloc, European Commission chief Ursula von der Leyen said on Sunday, reported German news agency (dpa). 'The United States have sent us a letter with measures that would come into effect unless there is a negotiated solution,' she said. 'We will therefore also extend the suspension of our countermeasures till early August.' It comes after US President Donald Trump said on Saturday that he will impose 30 per cent tariffs on imports from the European Union starting August 1, despite ongoing negotiations to avert a trade war. In a letter sent to von der Leyen and posted on his platform Truth Social, he complained of the 'long-term, large and persistent' trade deficit the US has with the EU, accusing the 27-nation bloc of unfair trade policies and barriers. Trump wrote that his administration would drop the high tariff rate if 'the European Union, or countries within the EU, decide to build or manufacture within the United States'. Von der Leyen on Sunday stressed that the EU would not stand back and watch, saying her commission would continue to prepare further countermeasures in the coming weeks, adding: 'we are fully prepared.' Following Trump's letter, the EU could have imposed initial countertariffs in response to earlier US levies on steel and aluminium products from the bloc from Tuesday after the initial suspension expired. — BERNAMA-dpa


Malaysian Reserve
7 hours ago
- Malaysian Reserve
Musk says Trump should ‘just release Epstein files as promised'
ELON Musk said President Donald Trump should release the Epstein files as promised. 'Seriously. He said 'Epstein' half a dozen times while telling everyone to stop talking about Epstein. Just release the files as promised,' Musk said in a reply to a post on X. Earlier, Trump had defended Attorney General Pam Bondi in a post on Truth Social, while also accusing members of the Biden administration and others of being the creator of the files. –BLOOMBERG


The Star
14 hours ago
- The Star
US, India in talks on deal that may cut tariff below 20%
India and the US have dug in their heels over a few key issues including Washington's demand that India open its market to genetically modified crops - an ask New Delhi has rejected, citing risks to its farmers. - Bloomberg WASHINGTON: The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20 per cent, people familiar with the matter said, putting the South Asian nation in a favourable position against its peers in the region. India doesn't expect to receive a tariff demand letter - unlike many other nations this week - and anticipates the trade arrangement will be announced through a statement, the people said, asking not to be identified because the discussions are private. The interim deal would allow for continued talks, giving New Delhi space to resolve outstanding issues ahead of a broader agreement expected this fall, they said. The statement would likely set a baseline tariff below 20 per cent - compared with 26 per cent initially proposed - with language that would allow the two sides to continue negotiating the rate as part of the final pact, the people said. The timing of an interim agreement is unclear. If finalised, India would be on a short list of trading partners that have secured deals with the Trump administration. US President Donald Trump has otherwise shocked dozens of trading partners this week by announcing tariff rates of as high as 50 per cent in some cases ahead of an Aug. 1 deadline. India's Ministry of Commerce and Industry didn't respond to an email seeking further information. The White House and Commerce Department also did not immediately respond to requests for comment. The US$10.2 billion iShares MSCI India pared losses after the report of an interim trade deal. New Delhi is seeking to secure a deal on more favourable terms than the one Trump said he signed with Vietnam, which included 20 per cent import duties. However, Vietnam was caught off guard by that rate, and is still seeking to bring it down. The UK is the only other country that Trump has announced a trade deal with. On Thursday, Trump told NBC News he's eyeing blanket tariffs of 15 to 20 per cent on most trading partners who haven't been informed yet of their rates. The current global baseline minimum levy for nearly all US trading partners is ten per cent. Tariff rates announced for Asian nations so far range from 20 per cent for Vietnam and the Philippines to 40 per cent for Laos and Myanmar. India was among the first nations to approach the White House for trade talks this year, but signs of strain have emerged in recent weeks. While Trump said earlier this week that an agreement with India is close, he has also threatened additional tariffs over the country's participation in the BRICS group. A team of Indian negotiators is expected to visit Washington soon to advance the talks. India has already put forward its best offer to the Trump administration, making clear the red lines it won't cross in finalising an agreement, Bloomberg News previously reported. Both sides have dug in their heels over a few key issues including Washington's demand that India open its market to genetically modified crops - an ask New Delhi has rejected, citing risks to its farmers. The two nations are yet to find a landing zone on contentious issues, including non-tariff barriers in agriculture and regulatory processes in the pharmaceutical industry, people familiar with the matter said. - Bloomberg