Breaking News Live Updates: Trump to hike tariffs on countries missing Friday trade deal deadline
Breaking News Live Updates: President Trump will sign new executive orders on Thursday, hiking tariffs on dozens of countries that failed to meet a Friday deadline for new trade deals. Key US partners including Canada, Mexico, Taiwan and India are bracing for penalties as high as 50 percent. Breaking News Live Updates: President Donald Trump is set to authorise a wave of new tariffs on countries that have not secured fresh trade deals with the United States. The orders, due to be signed on Thursday, will impose steep penalties from Friday, targeting nations that failed to meet Trump's self-imposed deadline.A White House official confirmed the president has finalised tariff rates for most major trade partners. Countries still in limbo include Canada, Mexico, Taiwan and India.
No more delays, says Trump This time, there's no wiggle room. The White House is adamant: the August 1 deadline is final."THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!" Trump posted on Truth Social, his own platform.This isn't the first deadline he has set. Tariffs were originally introduced in April, then paused for 90 days. Trump extended the grace period again in July. Now, according to the administration, there won't be a third. Show more A trade agreement reached between Pakistan and the U.S. will result in reduced tariffs on Pakistani goods imported by the U.S., Pakistan's government said in a statement on Wednesday.
Encounter specialist Daya Nayak was promoted to the post of Assistant Commissioner of Police on July 29, two days before retirement. He had been serving as a police inspector in charge of Crime Branch 9. Daya Nayak will retire from the police service today, on July 31.
On the eleventh day of the Monsoon Session of Parliament, the Rajya Sabha is set to take up significant legislative and procedural business, including a statutory resolution seeking the extension of President's Rule in Manipur and the consideration of the Carriage of Goods by Sea Bill, 2025.Union Home Minister Amit Shah will move a resolution for approval of the continuance in force of the Proclamation dated February 13, 2025, in respect of Manipur, issued under Article 356 of the Constitution by the President, for a further period of six months with effect from August 13, 2025, according to the List of Business issued by the Rajya Sabha.Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal will move the Carriage of Goods by Sea Bill, 2025, for consideration and passage in the Upper House. The Bill, which has already been passed by the Lok Sabha, seeks to provide for the responsibilities, liabilities, rights and immunities of carriers in relation to the carriage of goods by sea, and for matters connected therewith.Minister of State Dr L Murugan is scheduled to move a motion for the election of ten Rajya Sabha members to the Committee on the Welfare of Other Backward Classes (OBCs) in the house today. When asked about US President Donald Trump's criticism of India relying on Russia in terms of energy, Former United States Assistant Secretary of Commerce for Trade Development, Ray Vickery says, "The shift came when Russia invaded Ukraine and in order to provide the wherewithal to continue this sort of imperialistic venture, it cut prices to India and others, particularly to China, in order to keep the revenue flowing. However, India can explore alternative sources of oil, and I believe it is essential for India to re-evaluate its leadership position as a great democracy... It is up to India to decide in the longer run what's in its interest to be a world leader" Wimbledon champion Iga Swiatek easily advanced to the third round of the National Bank Open, beating Guo Hanyu of China 6-3, 6-1 on Wednesday.Playing for the first time since routing Amanda Anisimova 6-0, 6-0 in the Wimbledon final for her sixth major, Swiatek raced to a 4-0 lead to push her games winning streak to 24.'I think I played a really solid match today,' Swiatek said. 'Playing the first match on hard court after a pretty long break from the surface is always tricky, so I'm happy that I just focused on myself, adjusted to the conditions and played well.'On Friday, the second-seeded Polish star will face Eva Lys of Germany, a 6-3, 6-4 winner over Anastasia Pavlyuchenkova of Russia in a night match. China's non-manufacturing activity expanded at a slower pace in July, an official survey showed on Thursday.The non-manufacturing purchasing managers' index (PMI), which includes services and construction, dropped to 50.1 from 50.5 in June, according to the National Bureau of Statistics (NBS). The reading marked the lowest since November.The NBS composite PMI of manufacturing and non-manufacturing was 50.2 in July, down from 50.7 in June. President Donald Trump is set to authorise a wave of new tariffs on countries that have not secured fresh trade deals with the United States. The orders, due to be signed on Thursday, will impose steep penalties from Friday, targeting nations that failed to meet Trump's self-imposed deadline.A White House official confirmed the president has finalised tariff rates for most major trade partners. Countries still in limbo include Canada, Mexico, Taiwan and India.
No more delays, says Trump This time, there's no wiggle room. The White House is adamant: the August 1 deadline is final."THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!" Trump posted on Truth Social, his own platform.This isn't the first deadline he has set. Tariffs were originally introduced in April, then paused for 90 days. Trump extended the grace period again in July. Now, according to the administration, there won't be a third.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
17 minutes ago
- First Post
OPEC+ to hike oil output again in September amid Trump push to cut Russian imports
OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia. read more A brief virtual meeting among eight OPEC+ countries on Sunday ended with an agreement to sharply increase oil production in September, even as the United States steps up pressure on India to curb imports of Russian oil, part of Washington's broader strategy to push Moscow towards peace talks with Ukraine. President Donald Trump has said he wants progress by August 8. In its post-meeting statement, OPEC+ pointed to strong global economic indicators and low inventory levels as key drivers behind its decision. Crude prices have remained robust, with Brent futures closing near $70 per barrel on Friday—up from a low of about $58 earlier this year, buoyed in part by seasonal demand. STORY CONTINUES BELOW THIS AD 'Given fairly strong oil prices at around $70, it does give OPEC+ some confidence about market fundamentals,' said Amrita Sen, co-founder of Energy Aspects, adding that the market structure was also indicating tight stocks. The eight participating nations will raise their collective output by 547,000 barrels per day in September, completing the accelerated reversal of a 2.2 million-bpd supply reduction imposed in 2023. The increase also accounts for a phased-in boost from the United Arab Emirates. OPEC+ sources told Reuters that the same group would reconvene on September 7, when they may evaluate whether to reintroduce another layer of cuts amounting to roughly 1.65 million bpd, measures that are officially extended through the end of next year. The broader OPEC+ coalition, comprising 10 non-OPEC producers including Russia and Kazakhstan, has historically curbed production to stabilise prices. However, the alliance pivoted this year, aiming to reclaim lost market share, a move aligned with calls from Trump urging the group to increase supply. The phased hikes began in April with a 138,000-bpd boost, followed by steeper increments of 411,000 bpd over the next three months, 548,000 bpd in August, and now 547,000 bpd for September. 'So far the market has been able to absorb very well those additional barrels also due to stockpiliing activity in China,' said Giovanni Staunovo of UBS. 'All eyes will now shift on the Trump decision on Russia this Friday." As well as the voluntary cut of about 1.65 million bpd from the eight members, OPEC+ still has a 2-million-bpd cut across all members, which also expires at the end of 2026. STORY CONTINUES BELOW THIS AD 'OPEC+ has passed the first test,' said Jorge Leon of Rystad Energy and a former OPEC official, as it has fully reversed its largest cut without crashing prices. 'But the next task will be even harder: deciding if and when to unwind the remaining 1.66 million barrels, all while navigating geopolitical tension and preserving cohesion." With inputs from agencies
Hindustan Times
17 minutes ago
- Hindustan Times
Trump vs Senator: US President tells Chuck Schumer to 'go to hell' amid nominations row
Amid the row over nominations in the Senate, US President Donald Trump told Democratic Senator Chuck Schumer to "go to hell." In a Truth Social post, Trump slammed Schumer's demand for federal funds to be released and called on Republicans to avoid striking a deal in the Senate. Hours after President Trump told Schumer to "go to hell," the Senate headed for its August recess and failed to reach a deal over Trump's nominations.(AP) "Senator Cryin' Chuck Schumer is demanding over One Billion Dollars in order to approve a small number of our highly qualified nominees, who should right now be helping to run our Country. This demand is egregious and unprecedented, and would be embarrassing to the Republican Party if it were accepted," Trump wrote on Truth Social. The president further alleged that Schumer was under "tremendous political pressure from within his own party, the Radical Left Lunatics." "Tell Schumer, who is under tremendous political pressure from within his own party, the Radical Left Lunatics, to GO TO HELL! Do not accept the offer, go home and explain to your constituents what bad people the Democrats are, and what a great job the Republicans are doing," Trump added in his post. Schumer responded to Trump's social media post and told reporters that the President "did not get his way." "He bullied us, he cajoled us, he called us names, and he went home with nothing," Schumer further said. Senate heads for recess after nomination bid fails Hours after President Trump told Schumer to "go to hell," the Senate headed for its August recess and failed to reach a deal over Trump's nominations. The house is now set to resume in September and Republicans are expected to change Senate rules to speed up the pace of confirmations for Trump's nominations. Since the start of his term, Senate Democrats have blocked many nominees this year as part of an attempt to block out unanimous consent votes. Amid this move, Trump has added pressure on GOP senators to move quickly. The latest tussle between Democrats and Republicans comes amid Trump's nominations to the judiciary. Ahead of Saturday's session, Trump had placed great pressure on Republicans to reach a deal and cancel the August recess if needed. However, after his public attack on Schumer, Trump told Republicans to pack it up and go back to their respective states.
The Hindu
17 minutes ago
- The Hindu
CPI(M) and Congress accuse BJP of claiming credit for the nuns' release to score political brownie points
Communist Party of India (Marxist) [CPI(M)] and Congress have accused Bharatiya Janata Party (BJP) of attempting to score brownie points with the sizeable Christian community in Kerala and the influential Church leadership in allegedly trying to rack up political credit for the release of two Kerala nuns on bail from a prison in BJP-ruled Chattissgarh on Saturday. The sisters, Preeti Mary and Vandana Francis, were remand prisoners in the Durg Central jail since their arrest on July 25 on charges of attempting to spirit out three women to Agra for conversion to Christianity. BJP State president Rajiv Chandrasekhar's comment that Congress and CPI(M) 'political theatre' in front of the Durg Central Prison had impeded the BJP-ruled Central and Chattissgarh State governments efforts to secure early bail for the sisters seemed to snuff out the geniality that politicians from Kerala briefly displayed while rubbing shoulders and distributing sweets to welcome the nuns at a convent in Chhattisgarh after their release on bail on Saturday. CPI(M) State Committee member John Brittas, MP, on Sunday stated that secular parties had championed the cause of justice for the sisters because they viewed the unjust arrest through the prism of the Constitution and not political expediency. Leader of the Opposition V.D. Satheesan had earlier accused the BJP of shedding crocodile tears for the nuns while allowing the serious charges of human trafficking and forced conversion slapped on them to stay. Divergent views Meanwhile, schisms seemed to develop in the Church leadership over the question of whether the BJP national leadership had genuinely come to the aid of the nuns, as the party has claimed. For one, the Irinjalakuda diocese read out a pastoral letter in Churches on Sunday, claiming the Central and Chhattisgarh governments had done little for the nuns' release despite a national outcry. Irinjalakuda Diocese Bishop Mar Pauly Kannookadan dismissed the suggestion that some prelates, notably Archbishop Joseph Pamplany, praised Prime Narendra Modi and Home Minister Amit Shah for intervening on the nuns' behalf. 'The Church has a clear political view. However, it is not politically partisan,' he added.
