logo
Trump says he's not planning to extend pause on global tariffs beyond July 9

Trump says he's not planning to extend pause on global tariffs beyond July 9

The Hindu3 days ago
U.S. President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States.
Letters will start going out 'pretty soon" before the approaching deadline, he said.
'We'll look at how a country treats us — are they good, are they not so good — some countries we don't care, we'll just send a high number out,' Mr. Trump told Fox News Channel's "Sunday Morning Futures" during a wide-ranging interview taped Friday and broadcast Sunday.
Those letters, he said, would say, 'Congratulations, we're allowing you to shop in the United States of America, you're going to pay a 25% tariff, or a 35% or a 50% or 10%.' Mr. Trump had played down the deadline at a White House news conference Friday by noting how difficult it would be to work out separate deals with each nation. The administration had set a goal of reaching 90 trade deals in 90 days.
Negotiations continue, but 'there's 200 countries, you can't talk to all of them,' he said in the interview.
Mr. Trump also discussed a potential TikTok deal, relations with China, the strikes on Iran and his immigration crackdown.
'We have a buyer for TikTok, by the way. I think I'll need, probably, China's approval, and I think President Xi (Jinping) will probably do it,' Mr. Trump said.
Mr. Trump did not offer any details about the investors, calling them 'a group of very wealthy people.'
'I'll tell you in about two weeks,' he said when asked for specifics.
It's a time frame Mr. Trump often cites, most recently about a decision on whether the U.S. military would get directly involved in the war between Israel and Iran. The US struck Iranian nuclear sites just days later.
Earlier this month, Mr. Trump signed an executive order to keep TikTok running in the U.S. for 90 more days to give his administration more time to broker a deal to bring the social media platform under American ownership.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How the Republican spending bill super-charges immigration enforcement
How the Republican spending bill super-charges immigration enforcement

Hindustan Times

time30 minutes ago

  • Hindustan Times

How the Republican spending bill super-charges immigration enforcement

By Ted Hesson How the Republican spending bill super-charges immigration enforcement WASHINGTON, - The major tax-cut and spending bill that Republicans hope to bring to final passage in the U.S. House of Representatives this week would devote an unprecedented $170 billion to immigration enforcement, according to an analysis by the pro-immigration American Immigration Council and a Reuters review of the bill text. DETENTION The bill, which passed in the U.S. Senate on Tuesday, would provide $45 billion for immigration detention to increase from the currently funded level of a daily average of 41,500 people to at least 100,000, by far the most on record. U.S. Immigration and Customs Enforcement, which administers the immigration detention system, was over its funded capacity as of June 15, with 56,000 in custody. President Donald Trump, a Republican, visited a temporary detention facility on Tuesday dubbed "Alligator Alcatraz" because of its location in the Florida Everglades, a subtropical wetland. Trump said other states could follow the same model as Florida, which quickly constructed large tents and expects reimbursement via federal emergency management funds. BORDER WALL The bill devotes $46.6 billion toward construction of a wall on the U.S.-Mexico border. During Trump's 2017-2021 presidency, his administration built about 450 miles of border barriers although much of that replaced existing structures. The entire border spans 1,954 miles . Another $5 billion would go toward upgrading U.S. Customs and Border Protection facilities and checkpoints. The number of migrants caught crossing illegally has dropped to record lows since Trump took office in January. HIRING MORE OFFICERS The legislation provides $30 billion for ICE's arrest and deportation operations - more than double the $10 billion appropriated for the agency this year. The funds would pay for the hiring and training of new ICE officers. The money could also be used to ramp up arrests across the country through partnerships with state and local law enforcement. While the Senate bill does not specify how many officers, the House version of the legislation had set a level of 10,000 ICE officers over five years. ICE has about 21,000 full-time employees, according to a budget document published in June. The measure gives $4.1 billion to hire more CBP personnel, including Border Patrol agents. REIMBURSEMENTS TO STATES The bill creates a $10 billion fund to provide reimbursements for spending use to support the U.S. Department of Homeland Security's efforts to secure the border. Texas Governor Greg Abbott, a Republican, sent a letter in January to U.S. lawmakers requesting reimbursement for more than $11 billion the state spent on border security efforts. FEE INCREASES The legislation will raise fees for various immigration applications, potentially deterring or delaying some migrants from seeking legal status. The bill for the first time will create a $100 fee for an asylum application. Asylum seekers would also face a new $550 work permit fee. The American Immigration Council estimates asylum seekers would pay at least $1,150 over a five-year process to obtain asylum. Fees would also rise for programs that offer temporary legal immigration status and protection from deportation, which Trump generally opposes. People applying for Temporary Protected Status would see registration fees rise from $50 to $500. Those seeking humanitarian "parole" would have fees increase from $630 to $1,000. This article was generated from an automated news agency feed without modifications to text.

India needs to be careful after US-Vietnam deal: Experts
India needs to be careful after US-Vietnam deal: Experts

Time of India

time43 minutes ago

  • Time of India

India needs to be careful after US-Vietnam deal: Experts

India needs to tread carefully in its trade negotiations with the United States, keeping in view the terms proposed under the latter's trade deal with Vietnam, trade experts say. As per the new trade pact announced by President Donald Trump , the US will impose a flat 20% tariff, besides a 40% tariff on transshipped goods from Vietnam. Beyond a deviation from the previous commitments under the 2000 US-Vietnam Bilateral Trade Agreement (BTA), where Vietnamese goods were subject to 2-10% tariffs, the new deal seeks to tax transshipped goods, which differs from the rules of origin on which tariffs or duty concessions are based. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ултрапреносими 2-в-1 таблети - 50% отстъпка в последния ден LYH Купете сега Undo "The terms are that Vietnam will pay the United States a 20% tariff on any and all goods sent into our territory, and a 40% tariff on any transshipping," Trump said in a post on X. "India needs to be cautious as these transshipment tariffs could be a different form of 'rules of origin', which could have a detrimental impact on our pharmaceutical and electronics exports where the import component is high," said trade expert Biswajit Dhar. Live Events Indian trade negotiators are in the US since last week to thrash out a deal before the July 9 deadline for an interim deal to avoid US reciprocal tariffs, but India has hardened its stance to protect its sensitivities.

India, US to finalise 10-year framework to boost defence ties: Pentagon
India, US to finalise 10-year framework to boost defence ties: Pentagon

Business Standard

timean hour ago

  • Business Standard

India, US to finalise 10-year framework to boost defence ties: Pentagon

Defence Minister Rajnath Singh and his American counterpart Pete Hegseth have agreed to firm up a 10-year framework to further expand defence and strategic ties between India and the US. The decision on the defence framework was mentioned in a Pentagon statement that was released on Wednesday, a day after Singh and US Defence Secretary Hegseth held a phone conversation. "Secretary Hegseth and Minister Singh agreed to sign the next 10-year US-India Defence Framework when they next meet this year," it said. It said the two sides discussed pending major US defence sales to India and the imperative of close defence industrial cooperation between the two countries. "Secretary Hegseth emphasized the priority the United States places on India as its key defense partner in South Asia," the Pentagon said. It said the two leaders reviewed the "considerable progress" both countries have made toward achieving the defense goals set out in the February 2025 joint statement by President Donald Trump and Prime Minister Narendra Modi. "The two discussed pending major US defence sales to India and the imperative of close defense industrial cooperation between the two countries," the Pentagon readout said without providing further details. In the phone conversation on Tuesday, Singh urged Hegseth to expedite the delivery of GE F404 engines to power the Tejas Light Combat Aircraft, people familiar with the matter said. Singh also pitched for early finalisation of a proposed deal between Hindustan Aeronautics Ltd (HAL) and US defence major GE Aerospace for joint production of F414 jet engines in India, they said The delays in supply of F404 engines by GE Aerospace has resulted in HAL missing the deadline to supply Tejas Mark 1A aircraft to the Indian Air Force. An Indian readout on Tuesday said Singh and Hegseth discussed a wide canvas of issues ranging from long-term cooperation in the defence sector, including training and military exchanges, to expanding industry collaborations. "They agreed to further build upon the momentum of this critical & mutually beneficial partnership across all its pillars such as interoperability, integration of defence industrial supply chains, logistics sharing, increased joint military exercises and cooperation with other like-minded partners," it said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store