Trump puts world on notice: 15-20% tariffs for those without US trade deals
Earlier this month, Commerce Secretary Howard Lutnick said that smaller nations, including "the Latin American countries, the Caribbean countries, many countries in Africa", would have a baseline tariff of 10 per cent, CNBC reported.However, Trump said, "We're going to be setting a tariff for essentially the rest of the world, and that's what they're going to pay if they want to do business in the US, because you can't sit down and make 200 deals."Several countries, including India, are still negotiating trade deals with the US ahead of Trump's August 1 tariff deadline. With the deadline approaching, Trump administration officials have suggested that the White House was not "under pressure to have more deals".Currently, India's trade delegation, led by chief negotiator Rajesh Agrawal, is in Washington for planned discussions about a possible agreement. India - a key trading partner of the US - remains one of a handful of nations that is still in talks with the US on tariffs.Last week, Trump announced 15 per cent tariffs on Japan, 16 per cent tariffs on Indonesia and 15 per cent levies on the European Union. However, some countries, including Brazil and Laos have imposed tariffs as high as 40 per cent and 50 per cent.- EndsTune InMust Watch
IN THIS STORY#Donald Trump#United States of America
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
26 minutes ago
- Time of India
From stress to serenity: How India's yoga diplomacy can benefit H-1B holders
As someone who has been advocating for knowledge-worker rights since 2004, I've witnessed the H-1B visa issue evolve from online debates to kitchen table discussions and eventually, to the halls of Congress. The uncertainty and anxiety faced by Indian H-1B holders and their families have only intensified with the growing US visa backlog, now a staggering 11.3 million under the Trump administration. The US visa backlog has real-life implications for millions of Indians who have invested in their American dreams. Delays and uncertainty have become a constant source of stress, affecting not just their careers but also their personal lives. As a nation with a significant soft power asset in spiritual diplomacy, India must navigate this complex issue while balancing its strategic autonomy. A Powerful Tool for Cultural Understanding India's spiritual diplomacy, including Yoga diplomacy, can be a potent tool in promoting cultural understanding and cooperation. With International Yoga Day recognised by over 180 countries worldwide, Yoga has become a global phenomenon, promoting Indian heritage and global harmony. Yoga, with its emphasis on mindfulness, breath control, and physical well-being, can help alleviate stress and anxiety, promoting mental health and resilience. By showcasing its rich spiritual heritage and promoting Yoga, India can foster people-to-people connections and build bridges between nations. Creating a Collective Collaborative Ecosystem To harness the benefits of Yoga diplomacy, India can invite Yoga centres across the country to participate in a unified initiative. This ecosystem can be built by partnering with renowned Yoga centres and ashrams to develop and promote Yoga programs tailored to the needs of Indian citizens abroad. Digital platforms like YogaYukt can disseminate Yoga resources, including videos, apps, and online classes, to enhance accessibility and reach a wider audience of over 650,000 volunteers trained through the Yoga Certification Board. Collaborating with research institutions can also help study the benefits of Yoga and meditation for mental health and well-being. Economic Potential The significance of Yoga and Ayurveda extends beyond culture and diplomacy — they also carry major economic potential. As part of the $4 trillion global wellness industry, India has positioned itself as a leading supplier of Ayurvedic products, herbal remedies, and wellness services. Yoga-related tourism, teacher training programs, and international workshops generate revenue and open up employment opportunities. With global trends shifting toward preventive health and natural living, India is increasingly seen as a hub for integrative healthcare — a fusion of tradition and innovation. A Game-Changer for Global Understanding India's collective collaborative effort to promote Yoga diplomacy can be a game-changer in fostering global understanding, cooperation, and peace. By harnessing the power of Yoga and meditation, India can promote its rich spiritual heritage, build bridges between nations, and demonstrate its commitment to the well-being of individuals worldwide. This initiative can not only aid in addressing the challenges faced by Indian citizens abroad but also showcase India's unique cultural identity and promote a positive image of the nation globally. With a 25-million-strong Indian diaspora representing a powerful network of influence across the world, Yoga diplomacy provides a cultural link that strengthens ties between these communities and their homeland. As India continues to navigate complex global issues, its Yoga diplomacy effort can serve as a beacon of hope and cooperation, promoting a more harmonious and peaceful world order. Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
Economic Times
26 minutes ago
- Economic Times
Trump wants deal to end Russia's war in Ukraine by Aug. 8, US tells UN
The U.S. has urged the UN Security Council to broker a deal ending the Russia-Ukraine war by August 8, with President Trump threatening tariffs on Russia if progress isn't made within ten days. While negotiations have occurred in Istanbul, a breakthrough remains elusive, as Russia accuses the West of using diplomacy to pressure them. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads U.S. President Donald Trump has made clear that he wants a deal to end Russia's war in Ukraine by August 8, the United States told the United Nations Security Council on Thursday."Both Russia and Ukraine must negotiate a ceasefire and durable peace. It is time to make a deal. President Trump has made clear this must be done by August 8. The United States is prepared to implement additional measures to secure peace," senior U.S. diplomat John Kelley told the 15-member said on Tuesday that the United States would start imposing tariffs and other measures on Russia "10 days from today" if Moscow showed no progress toward ending its war in and Moscow have held three rounds of talks in Istanbul this year that yielded exchanges of prisoners and bodies, but no breakthrough to defuse the more than three-year conflict."We intend to continue the negotiations in Istanbul," Russia's deputy U.N. Ambassador Dmitry Polyanskiy told the council, but he added: "Despite the meetings in Istanbul, in the West, the war party did not go away ... We continue hearing voices of those who think that diplomacy is just a way of criticizing Russia and exerting pressure on it."Ukraine's deputy U.N. Ambassador Khrystyna Hayovyshyn said Russia must be confronted with "unity, resolve and action.""We seek a comprehensive, just and lasting peace grounded in the principles of the U.N. Charter and nothing less. We repeat - a full, immediate and unconditional ceasefire is essential. It is the first step to halting Russia's war of aggression against Ukraine," she told the council.
News18
26 minutes ago
- News18
US Consumers Will Be Paying A Large Sales Tax On All The Imported Goods : Steve Hanke #brasstacks
US Consumers Will Be Paying A Large Sales Tax On All The Imported Goods : Steve Hanke #brasstacks Last Updated: July 31, 2025, 22:49 IST Videos World | Trump reserves the right to change the terms of the deal since nothing is in writing. American consumers will be paying a large sales tax on all the imported goods. It is a disaster for US consumer: Steve Hanke American Economist n18oc_worldWatch News18 Mobile App - homevideos US Consumers Will Be Paying A Large Sales Tax On All The Imported Goods : Steve Hanke #brasstacks CNN name, logo and all associated elements ® and © 2024 Cable News Network LP, LLLP. A Time Warner Company. All rights reserved. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Use of the CNN name and/or logo on or as part of does not derogate from the intellectual property rights of Cable News Network in respect of them. © Copyright Network18 Media and Investments Ltd 2024. All rights reserved.
