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Mint
19 minutes ago
- Mint
Donald Trump says ‘first tariff letters' to be sent at 9.30 PM IST today
US President Donald Trump confirmed that he would start sending other countries the first letters on tariffs and trade deals on Monday, ahead of a deadline for the paused levies to take effect. 'I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th,' Trump said on his Truth Social network Sunday. So far, Washington has finalized deals only with the United Kingdom and Vietnam, while reaching a temporary agreement with China to reduce exceptionally high tariffs on each other's goods. Trump said he planned to send '12, maybe 15' tariff notification letters on Monday, PTI reported. He added, 'I think we'll have most countries done by July 9, either a letter or a deal,' noting that some agreements had already been reached. US Commerce Secretary Howard Lutnick confirmed that the new tariffs would take effect on August 1 but rejected the notion that the date was a delay tactic, AFP reported. Also Read: Donald Trump's tariff letters to hit 12 countries as trade deadline chaos looms 'The President is setting the rates and the deals right now,' Lutnick said. Senior advisor Bessent also dismissed suggestions that August 1 marked a new deadline. 'It's not a new deadline. We are saying this is when it's happening. If you want to speed things up, go ahead. If you want to stick with the old rates, that's your decision,' he explained, as reported by AFP. Bessent noted that the strategy was to apply 'maximum pressure,' citing the European Union as an example of a negotiating partner now making significant progress after initial reluctance. Still, unease persisted among several countries. Japan's Prime Minister Shigeru Ishiba stated on Sunday that he 'won't easily compromise' in trade talks with Washington. Meanwhile, BRICS leaders representing fast-growing economies such as Brazil, Russia, India, and China meeting in Rio de Janeiro expressed 'serious concerns' over what they described as 'indiscriminate' and potentially illegal import tariffs, warning of their impact on global trade. I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. In response, Trump lashed out at BRICS, warning, '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.'


Time of India
28 minutes ago
- Time of India
Trump letters and who's talking: State of play as tariff deadline nears
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel U.S. President Donald Trump said on Sunday his administration is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, with the higher rates scheduled to take effect on August promises to work on 90 deals in 90 days, Trump and his team have been able to complete only a limited deal with Britain and a not well-defined agreement with Vietnam. A long-promised deal with India has remained the state of play for several U.S. trading partners facing deadlines this week:U.S. officials said they were making good progress with the 27-member European Union, after its top trade negotiator Maros Sefcovic met with officials in Washington last week. EU diplomats said talks were continuing but they had not achieved a breakthrough as of EU diplomat said the bloc's regulations on social media and other technology companies, stricter than those in the U.S., were not up for negotiation, and a 17% tariff proposed by the U.S. side on agriculture and food exports remained a big officials have said they are open to a U.S. deal that would apply a universal 10% tariff on many of its exports, but want to secure exemptions from sectoral tariffs already in place or planned for pharmaceuticals, alcohol, semiconductors, and commercial aircraft, Bloomberg EU is also pushing for U.S. quotas and exemptions to effectively ease Washington's 25% tariff on automobiles and auto parts, as well as its 50% tariff on steel and aluminum, the report said, citing people familiar with the says it is continuing to seek an agreement with the U.S. while defending its national interest. Japan's tariff negotiator Ryosei Akazawa held "in-depth exchanges" over the phone with U.S. Commerce Secretary Howard Lutnick on Thursday and Saturday, the Japanese government discussions came after Trump this week hammered Japan over what he said was Tokyo's reluctance to import U.S.-grown rice, and accusing Japan of engaging in "unfair" autos trade. He has also called on Japan to import more U.S. Monday, Trump said Japan could be among those receiving a tariff letter, and suggested it could face duties of up to 35%.Trump has long promised a trade deal with India, but talks have stalled on disagreements over U.S. tariffs on auto components, steel and agricultural which is facing 26% tariffs on its exports to the U.S., has signaled it is ready to slash its high tariff rates for the U.S. but has not conceded on Washington's demands for opening up the agriculture and dairy Friday, New Delhi also proposed retaliatory duties against the U.S. at the World Trade Organization , saying Washington's separate 25% tariff on automobiles and some auto parts would affect $2.89 billion of India's has offered to cut duties on key imports from the United States to "near zero" and to buy $500 million worth of U.S. wheat as part of its tariff talks to avert a 32% tariff rate. State-owned carrier Garuda Indonesia also plans to buy more Boeing planes as part of a $34 billion pact with U.S. partners due to be signed this by some other countries of excessive red tape, Indonesia eased import licensing requirements for some goods and waived import restrictions on plastics, chemical products and other industrial raw materials on June 30, a goodwill gesture ahead of the July 9 deadline. Indonesia has also invited the U.S. to jointly invest in a state-owned Indonesian minerals project as part of its tariff frequent rounds of talks and some preliminary agreements, South Korea had said it would seek an extension on Trump's July 9 deadline, although talks will continue this Sung-lac, President Lee Jae Myung's national security adviser, plans to visit Washington during July 6-8 to discuss a range of bilateral issues. The country's trade minister, Yeo Han-koo was also due to meet with U.S. Trade Representative Jamieson Greer and other U.S. Korea already imposes virtually no tariffs on U.S. imported goods under a free-trade agreement, and so the U.S. has focused on other issues, including foreign exchange rates and defense costs. Trump often complains about the cost-sharing arrangement for the 28,500 U.S. troops stationed in South is making a last-ditch effort to avert a 36% tariff by offering greater market access for U.S. farm and industrial goods, along with increased purchases of U.S. energy and Boeing jets, Finance Minister Pichai Chunhavajira told Bloomberg News on proposals have included reducing its own tariffs, purchasing more American goods and increasing initial proposal included measures to enhance market access for U.S. exports and tackle transshipment violations, as well as Thai investment that would create U.S. jobs. Bangkok said also pledged to import more U.S. natural gas and cut tariffs on imports of corn from the United is exploring what concessions it can make to avert a 31% tariff rate on goods it ships to the U.S., including granting the U.S. greater market access for produce like seafood and citrus as home to pharmaceutical giants Roche and Novartis, both big U.S. investors, Switzerland also wants assurances that it can avert pharmaceutical tariffs that Trump has threatened to impose at a later date.


Time of India
32 minutes ago
- Time of India
Can Democrats find their way on immigration?
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Democrats onstage saw themselves as morally courageous. American voters, it turned out, saw a group of politicians hopelessly out of side by side at a primary debate in June 2019, 10 of the party's candidates for president were asked to raise their hand if they wanted to decriminalize illegal border crossings. Only one of them held years later, the party remains haunted by that tableau. It stands both as a vivid demonstration of a leftward policy shift on immigration that many prominent Democratic lawmakers and strategists now say they deeply regret, and as a marker of how sharply the country was moving in the other year, 55% of Americans told Gallup that they supported a decrease in immigration, nearly twice as many as in 2020, and the first time since 2005 that a majority had said so. The embrace of a more punitive approach to illegal immigration includes not only white voters but also working-class Latinos, whose support Democrats had long courted with liberal border policies."When you have the most Latino district in the country outside of Puerto Rico vote for Trump , that should be a wake-up call for the Democratic Party ," said Rep. Vicente Gonzalez, D-Texas, who saw Trump win every county in his district along the border with Mexico. "This is a Democratic district that's been blue for over a century."How the Democrats reached this point, and their continued struggles on immigration, is a decades-long story of political failures, missteps, misreadings and misplaced bets -- and some shrewd Republican moves."We got led astray by the 2016 and the 2020 elections, and we just never moved back," said Sen. Ruben Gallego, D-Ariz., who introduced an immigration and border security plan in May. "We looked feckless, we weren't decisive, we weren't listening to voters, and the voters decided that we weren't in the right when it comes to what was happening with the border."What the party does to change its approach -- and to change how voters see Democrats on immigration -- may be the most consequential and difficult decision it faces as it searches for a path back to while there is party-wide agreement that Democrats have a problem on immigration and border security, there is no consensus on how to fix are pushing for a course correction they see as overdue. A new proposal from the Center for American Progress, the party's leading policy shop, calls for expanding legal immigration while embracing ideas long championed by conservatives, including making it harder for migrants to qualify for Tanden, the center's CEO, said the plan acknowledged a reality that Democrats had long resisted: They must embrace new immigration restrictions in order to have the credibility with voters to fight the far more expansive plans of the Trump administration."I'm happy to argue with Stephen Miller or anyone else about why they are wrong," she said. "But the way we're going to be able to do that is to also honestly assess that the border has been too insecure, that it allowed too many people to come through and that we need to fix that."Many on the left vehemently disagree, insisting that more conservative policies will only aid what they see as an insidious and ambitious effort by the Trump administration to demonize and deport Black and brown immigrants who have been in the country for years, remaking the fabric of a nation that once took pride in its diversity."Democrats have to stop talking about the issue of immigration within a Republican frame," said Rep. Ayanna Pressley, D-Mass. "This has nothing to do with law and order. This is about power, control, terror, and it is about racism and xenophobia. Donald Trump wants to make America Jim Crow again, and then some."Complicating Democrats' efforts to chart a new path is the fact that the party's debate is unfolding in the midst of what it sees as a national crisis. The Trump administration is pursuing the harshest crackdown on immigrants since World War II. Raids and patrols by masked officers, detentions at courthouses and workplaces, the promises to arrest and deport millions, and the deployment of National Guard troops against protesters have immigrants who lack legal status and even some naturalized citizens running scared and lying low."We, and I include myself in this, created a vacuum on this issue that we allowed the current president to fill," said Cecilia Muñoz, who led the Obama administration's domestic policy council. "And the country is now living with the results. And the results are appalling."Some Democrats believe their party can find its path forward by looking to the was under President Bill Clinton, a Democrat, that Congress broadly expanded the grounds for deportation and that border enforcement officers saw their ranks increase sharply. The next Democrat to win the White House , Barack Obama, promised to pass comprehensive immigration legislation, including a pathway to legal status for an estimated 12 million Republican support, Obama also pursued aggressive enforcement, deporting more immigrants in his first term than any president had since the 1950s. But his attempts to balance the two priorities ultimately failed: His plan to modernize the immigration system stalled in Congress, while his executive actions to aid students, workers and families who lacked legal residency status were challenged in the courts. Disillusioned advocates denounced him as the "deporter in chief."Then came Trump, who rode down the golden escalator at Trump Tower to announce his presidential campaign with promises to build a "great wall" along what he described as an out-of-control southern border and to expel migrants he condemned as criminals, drug traffickers and Trump competed for his party's nomination, Hillary Clinton was under pressure in the Democratic primaries from Sen. Bernie Sanders on the left. Immigration activists persuaded her to break with Obama's approach -- not to mention her husband's -- and pledge not to deport illegal immigrants beyond violent criminals and terrorists. But that promise fueled Trump's candidacy more than it helped hers. He hammered away at her, saying she wanted to "abolish" the country's Trump won, Democrats moved even further to the left in opposition to what they saw as the cruelty of his Democratic officials echoed activists' calls to "abolish ICE," ban deportations, decriminalize border crossings and end detention. Their efforts focused mainly on curtailing enforcement and standing up to Trump. They said little about the economic and social benefits of expanding legal restrictive policies, particularly the separation of children from their families, inspired a broader backlash: By the time he left the White House, more Americans favored increasing immigration than opposed it for the first time in six decades of Gallup soon after President Joe Biden entered office, illegal crossings at the southern border began to increase, as pandemic lockdowns were lifted and would-be migrants in Central America responded to Washington's changed aides urged Biden to avoid the subject and stay focused on the pandemic, the economy, Afghanistan and Russia's invasion of Ukraine, issues more politically favorable to him."The through line in every decision they made around immigration was 'What can we do to stop having to talk about this?'" said Carlos Odio, a founder of Equis, a Democratic-aligned polling firm specializing in Latino voters. "The problem is that doesn't work when you're in charge and people expect you to deal with everything."Republican governors made the subject impossible to first buses of migrants chartered by the Texas Division of Emergency Management pulled into Washington from Del Rio, Texas, in April 2022. The White House dismissed the effort, organized by Gov. Greg Abbott, as a "political stunt." But the buses kept the next two years, Texas sent nearly 120,000 migrants to cities such as New York, Chicago and Washington. Doug Ducey, then the governor of Arizona, sent buses to Denver, and Gov. Ron DeSantis of Florida flew migrants to Martha's Vineyard, Democratic governors and mayors struggled to house and feed the arrivals, Republicans blamed Biden for the crisis engulfing liberal Veronica Escobar, D-Texas, said she first realized Democrats were in trouble in December 2022. So many migrants were crossing into El Paso that they were sleeping on pizza boxes as temperatures fell below freezing. A city known as a haven for immigrants since the 1800s was overwhelmed. Residents were losing patience, she when she worked on bipartisan legislation to expedite asylum cases at the border, Escobar said, fellow Democrats criticized the proposal as too restrictive."Living through what El Paso lived through, feeling how unsustainable all of this was, and frankly how challenging this was, I knew this would cause a massive shift in the perspective of Americans about immigration," she said. "There was a failure on the part of the Democratic Party altogether during the last administration in adequately recognizing what was happening."Democrats far from the border saw public opinion moving toward Republicans, Lightfoot, a former mayor of Chicago, recalled a homeless Black woman complaining that she could not get help finding an apartment because "they're giving everything to the migrants." The city's established Mexican American communities, Lightfoot said, were not thrilled to welcome busloads of Venezuelans."What we started to hear, which was also a little bit of a surprise to me, was, 'Hey, what about us? We've been here forever. Why are you paying attention to and giving resources to these newcomers who, by the way, you know' -- in soft voice -- 'are Venezuelans?'" she mayors and governors begged Biden to authorize emergency aid and work permits for the migrants. Some took their criticisms public in frustration with what they saw as White House Biden aides were locked in furious debates over how, and how fast, to dismantle Trump's policies and what should replace them. That infighting crippled the administration's ability to respond Democrats tried to step in, striking a compromise on a bipartisan border bill that would have made illegal entry more difficult while allowing admitted migrants to receive work permits more quickly. But Trump pressed Republicans to torpedo it, to deny Biden a victory and keep the issue inflamed heading into New York, immigration and border politics overtook a special House election in February 2024. Tom Suozzi, a Long Island Democrat, prevailed after adopting a hard-line approach, calling for a temporary shutdown of the border and for deporting migrants who assault the attributed his win to a willingness to take tough stands, as the Biden administration waited for legislation that would never happen.I don't think that the voters moved to the right," he said. "I think they voted more for the Republicans because they felt that they were not getting attention paid to their concerns."Biden finally responded to the crisis in June, issuing an executive order preventing migrants from seeking asylum at the U.S.-Mexico border when crossings surge -- the most restrictive border policy any modern Democrat has crossings plummeted. But it was too late to change voters' perceptions. Trump maintained his advantage on the issue when Vice President Kamala Harris replaced Biden on the campaigned in front of signs reading "Deport Illegals Now." He interpreted his victory as a mandate to push through an even more aggressive immigration agenda that would reach beyond the mass deportation of immigrants lacking legal residency status and into a broad swath of American school students are getting arrested at traffic stops. Children are being handcuffed outside courthouses. Restaurant workers are being hauled from kitchens during their shifts. And when protests erupted, the administration deployed the military in Los Angeles and arrested or manhandled many people, including high-profile Democratic as Democrats publicly oppose the president, they have privately traded recriminations over their failure at immigration civil rights organizations are busy with "listening tours" to understand how Democrats misunderstood voters. Party strategists are conducting surveys and focus groups on immigration and border security. Some immigration advocates are warning that unless Democrats determine how to go on the offensive, they will keep losing a private briefing for Democratic senators recently, Andrea R. Flores, a border official in the Biden White House who is the migration policy expert at a bipartisan advocacy group, blasted the party's failure to make the case for immigration and its benefits, according to people in the room. She urged Democrats to lay out a clear vision for how to fix the immigration system -- something she said the Biden administration had failed to trail Republicans by as many as 41 percentage points in whom voters trust more on immigration and border security, according to polling released in May by Third Way, a center-left think tank. Still, Trump's sinking approval ratings on immigration give some Democrats hope that voters will listen if the party has something new to say."The vast majority of Americans, including Republican voters, are appalled by Trump deporting a child who's recovering from brain cancer, or appalled by Trump deporting students simply for writing an opinion piece in a student newspaper," said Rep. Greg Casar, D-Texas. "Democrats can't be scared about talking about immigration. We have to recognize that Trump's overreach is also not popular with the American people."Casar and Pressley expect to reintroduce proposed curbs on mandatory detention and a ban on privately run, for-profit detention moderate Democrats say easing up on the border and fighting over incarceration won't win back working-class insists that what Americans want is simple: a secure border, deportation of dangerous criminals and a humane path to legal status for families already in the country. If Democrats fail to provide that, he argues, they will continue to pay a price."We have to be able to present an idea of what border security looks like that is not Donald Trump," he said. "And when we actually say what Donald Trump is doing wrong, we need to be able to point to what we would be doing right."