'Wiped Out Weapons Worth $2 BN': Putin Tells Western Taxpayers To Stop Aiding Ukraine
Elon Musk, a former ally of US President Donald Trump, said Saturday he had launched a new political party in the United States to challenge what the tech billionaire described as the country's "one-party system." "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk, who had a bitter falling out with Trump after leading the president's effort to slash spending and cut federal jobs, posted on X. "Today, the America Party is formed to give you back your freedom." WATCH.
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Business Standard
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Best of BS Opinion: Correct timing, power, and the politics of precision
Imagine, you're playing badminton at dusk, the last game of the day. The air is thick with sweat and concentration. The rally has gone long, your legs ache, but your grip is tight on the racquet. And just then, the shuttle floats up just right. It's the moment. The crowd (or your cousin on the sidelines) holds its breath. You leap. All your power rushes to the wrist. But misjudge the timing by a split second, and it's not the shuttle you strike, it's your own shin. The point's gone, and so is your pride. That's the thing about power. It dazzles. But precision makes it count. Let's dive in. At the BRICS summit in Brazil, the bloc served up a lofty vision of multipolar global governance. But the timing was off. Xi Jinping didn't show up. Putin beamed in from behind a legal firewall. Their declaration, which was long, loud, and layered with good intentions, ended up masking deep divisions. As our first editorial notes, India now has to prepare for its turn as host in 2026, facing the tricky task of keeping this scattered smash from hitting the floor. Donald Trump, meanwhile, nailed his legislative smash, or so it seems. His $4.5 trillion 'Big Beautiful Bill' rewrites tax policy, but slashes healthcare and green subsidies. Markets flinch. The deficit balloons. Even Elon Musk protests. The power was there, and the Republicans lined up for the perfect assist. But, as our second editorial outlines, the follow-through may haunt not just America, but emerging markets bracing for aftershocks. R Jagannathan reflects on a different kind of swing: one between ideology and realism. Should Vodafone Idea be nationalised to avoid a telecom duopoly? Should the government stay the course on disinvestment? The problem isn't strength. It's a fuzzy vision and half-hearted execution. Like mid-air hesitation before a decisive smash, it only leads to stumbles. Vanita Kohli-Khandekar writes about India's film industry, where studios obsess over star power but overlook screen infrastructure. SVF's investment in West Bengal's single-screen revival shows that placing the shuttle right, again and again, can reignite the game. But if the industry keeps missing that window, it'll only keep bruising itself with underwhelming turnouts. Finally, Aditi Phadnis reviews Adivasi or Vanvasi: Tribal India and the Politics of Hindutva, a bold study of the RSS's tribal outreach. Here too, the Sangh's outreach brims with influence but carries inner contradictions. When ideology overtakes timing, you win applause, but miss the point. Stay tuned, and remember, sometimes, the strongest smash is the one you resist, until you're ready!
Indian Express
36 minutes ago
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US to send ‘more weapons' to Ukraine, says Trump, days after ordering pause in deliveries
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India.com
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Trump Slaps Tariffs On 12 New Nations – Bangladesh, Myanmar Hit Hard
United States President Donald Trump has announced tariffs for 14 nations, including Japan and South Korea. He shared the letters sent by his administration to the countries, informing them of the reciprocal tariffs that will take effect from August 1, 2025. This also comes following his announcement that an additional 10 percent tariff will be imposed on nations that 'align themselves with the anti-American policies of BRICS'. Before announcing tariffs on 12 countries, Trump, on his Truth Social handle, shared the letters sent to Japan's Prime Minister Shigeru Ishiba and South Korea's President Lee Jae-myung. Later, the US President also shared similar letters that were sent to Bangladesh, Myanmar, Malaysia, Kazakhstan, and Laos. Trump's Tariff List The letters sent to various global authorities mentioned the tariffs that would be imposed on the respective nations. 1- Thailand and Cambodia each will face a tariff of 36 percent. 2- 25 percent tariffs will be imposed on Malaysia and Kazakhstan. 3- Myanmar and Laos will have to pay a 40 percent tariff on their goods exported to America. 4- Indonesia will face a tariff rate of 32 percent. 5- Imports from South Africa, Bosnia and Herzegovina will be subject to 30 per cent tariffs. 6- According to the letters, Tunisia will face a tariff of 25 percent. 7- Lastly, Bangladesh and Serbia will each be hit with a tariff of 35 percent. South Korea, Japan As per the letters addressed to the South Korean President and the Japanese Prime Minister, Trump clarified that Japan and South Korea would face a 25 percent tariff from August 1. In addition, the US President, in the letters, also threatened to increase the tariff rate by the same amount if the countries decided to raise their tariffs on imported American products. However, Trump has indicated his willingness to reduce the tariffs if these countries revise their trade policies. Trump's Tariff Plan Earlier, White House Press Secretary Karoline Leavitt, while addressing a press briefing on Monday (local time), announced that Trump will sign an executive order delaying his July 9 tariff deadline to August 1. According to ANI, she recalled how she had announced that the US President was going to create tailor-made trade plans for each nation and added that the Trump administration wants to have the best deals for the American people.
