'Not offering Iran anything': Trump snubs nuclear talks with Tehran, slams Obama-era deal, ‘stupid'
US President Donald Trump has flatly denied any nuclear talks with Iran, declaring on Truth Social that he is 'not offering Iran anything.' Moreover, Trump slammed reports suggesting his team proposed a $30 billion aid package to Iran in exchange for halting uranium enrichment, calling it a total 'hoax' pushed by Democrats.
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Time of India
39 minutes ago
- Time of India
Do the deal
Trade deal is in farmers' interest. Boost to manufacturing will create factory jobs, reduce pressure on farming India has eight more days to close a trade deal with Trump. A delay would be costly because US is India's largest trading partner, absorbing 18% of goods exports. Without a deal, the tariff on those goods will jump from 10% to 26%, making them costlier. US also needs a deal to crack the Indian market, and right its balance of trade. It produces mountains of soy, wheat, corn and apples that China doesn't want anymore. So, the interest is mutual. Last week, Trump hinted a deal was imminent: 'We have one coming up, maybe with India. Very big one.' FM Sitharaman responded: 'Yes, we would love to have an agreement, a big, good, beautiful one; why not?' But there are sticking points. India has 650mn people in farming – almost twice America's population – to worry about. Most of them are poor, accounting for just 18% of GDP. Easing tariffs on agriculture and dairy would hit them hard. The US demand for access to GM crops is reportedly another red line for India. Reports indicate GOI is keen to not cede ground on the question of farm tariffs. But not having a deal may be costlier long-term. For one, 10% tariff is better than 26% when you are competing against the Chinese, who are tariffed at 30% by US. A trade deal would also make India competitive vis-à-vis other low-cost producers like Vietnam and Bangladesh. It would spur foreign investment in Indian manufacturing. But the benefits go beyond economics. Given Trump's autocratic style, an overly rigid Indian stance would affect US-India engagement in areas like defence. That's why other countries have been quick to make concessions. Canada, for example, dropped its digital services tax on Sunday, after Trump made it a pretext for cancelling trade talks. India has played its cards well so far. Budget 2025 made concessions for US automobile and other imports to soften Trump before he announced tariffs. Modi had a fruitful meeting with him in Feb. Both sides are keen to boost bilateral trade to $500bn by 2030. The momentum must not be squandered. Marginal farmers need protection, but their interests might be better served with a post-deal manufacturing boom that creates factory jobs. The alternative – fewer factory jobs, sans a deal – will only increase the pressure on farming. Facebook Twitter Linkedin Email This piece appeared as an editorial opinion in the print edition of The Times of India.
Time of India
40 minutes ago
- Time of India
Make the deal!
India and the United States are trying to make a big trade deal. If it works, it could really help India's factories and give people more jobs. That would also take pressure off farming, where most people still work but don't earn much. Right now, the US buys a lot of things from India — 18% of all Indian exports. But if they don't make a deal soon, taxes (called tariffs) on Indian goods in the US will go up a lot. That would make Indian products more expensive, and fewer people would buy them. The US also wants a deal. It has too much wheat, corn, and apples that China doesn't want anymore. So both countries need each other. Even President Trump said a deal with India could happen soon. India's finance minister said, 'Yes, we'd love a big, beautiful deal!' But there are problems too. India has a lot of poor farmers, and letting in cheaper American farm and dairy products might hurt them. Also, India doesn't want genetically modified (GM) crops from the US, and that's a big issue. Still, not doing a deal could be worse. It would be harder for India to compete with countries like China and Vietnam. A deal could bring more foreign money and help Indian factories grow. That means more people could leave farming and get better jobs. Also, if India is too tough in talks, it might hurt the friendship between the two countries in other areas like defence. Other countries, like Canada, are making changes to keep trade talks with the US going. India should move fast too. The Indian government has already made some smart moves, like lowering taxes on American cars. And Prime Minister Modi had a good meeting with Trump earlier this year. Both sides want to grow their trade a lot by 2030. So, while India should protect its farmers, it also needs to think about the future — more factory jobs could be the real help they need. Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
The Hindu
an hour ago
- The Hindu
U.S. Senate in final slog towards vote on Trump spending bill
U.S. senators were bogged down in a marathon session of amendment votes Monday (June 30, 2025) as Republicans sought to pass Donald Trump's flagship spending bill, an unpopular package expected to slash social welfare programs and add an eye-watering $3 trillion to the national debt. U.S. President Trump wants the "One Big Beautiful Bill" to extend his expiring first-term tax cuts at a cost of $4.5 trillion, boost military spending and fund his plans for unprecedented mass deportations and border security. But senators eyeing 2026 midterm congressional elections are divided over savings that would strip around $1 trillion in subsidized health care from millions of the poorest Americans and add more than $3.3 trillion to the nation's already yawning budget deficits over a decade. Mr. Trump wants to have the package on his desk by the time Independence Day festivities begin on Friday. The process had ground to a glacial pace by early evening, however, after members considering dozens of amendments as part of the so-called "vote-a-rama" required before final passage managed to complete only 14 votes in the first seven hours. With little sign of the pace picking up ahead of a final floor vote that could be delayed until well into the early hours of Tuesday, White House Press Secretary Karoline Leavitt called for Republican resolve. "Republicans need to stay tough and unified during the home stretch and we are counting on them to get the job done," she told reporters at the White House. Given Mr. Trump's iron grip on the party, he is expected to get what he wants in the Senate, where Republicans hold a razor-tight majority. All Democrats in that chamber are expected to vote "nay." It will be a huge win for the Republican leader — who has been criticized for imposing many of his priorities through executive orders that sidestep the scrutiny of Congress. But approval by the Senate is only half the battle, as the 940-page text will have to pass a separate vote in the House of Representatives, where several rebels in the slim Republican majority are threatening to oppose it. 'Debt slavery' Mr. Trump's heavy pressure to declare victory has put more vulnerable Republicans in a difficult position. Nonpartisan studies have concluded that the bill would ultimately pave the way for a historic redistribution of wealth from the poorest 10 percent of Americans to the richest. And cuts to the Medicaid program — which helps low-income Americans get coverage in a country with notoriously expensive medical insurance — and cuts to the Affordable Care Act would result in nearly 12 million more uninsured people by 2034, independent analysis shows. Polls show the bill is among the most unpopular ever considered across multiple demographic, age and income groups. Senate Democrats have been focusing their amendments on highlighting the threats to health care, as well as cuts to federal food aid programs and clean energy tax credits. Senate Majority Leader John Thune can only lose one more vote, with conservative Rand Paul and moderate Thom Tillis already on the record as Republican rebels. A House vote on the Senate bill could come as early as Wednesday. However, ultra-conservative fiscal hawks in the lower chamber have complained that the bill would not cut enough spending and moderates are worried at the defunding of Medicaid. Former close Mr. Trump aide Elon Musk — who had an acrimonious public falling out with the president earlier this month over the bill — reprised his sharp criticisms and renewed his calls for a new political party as voting got underway. "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country - the PORKY PIG PARTY!!" Mr. Musk wrote on social platform X, which he owns. The tech billionaire, who headed Mr. Trump's Department of Government Efficiency before stepping down at the end of May, had earlier described the text as "utterly insane" for seeking to gut government subsidies for clean energy. He accused Republicans of supporting "debt slavery" and vowed to campaign for the removal of any lawmaker who ran on reduced federal spending only to vote for the bill.
