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India Today
43 minutes ago
- India Today
We are going to have a deal, says Trump amid India-US trade deadlock
The United States could finalise a trade deal with India that would allow American companies to compete in the country, US President Donald Trump said on to reporters aboard Air Force One, he said that India was ready to lower taxes for US companies, which could clear the path for an agreement staving off the 26% rate he announced on April 2. The reciprocal tariffs were suspended for 90 days by Trump, but the 10 percent baseline tariff continued to be in effect. advertisement"I think we are going to have a deal with India. And that is going to be a different kind of a deal. It is going to be a deal where we are able to go in and compete," he said. #WATCH | On trade deals with India, US President Donald Trump says, "I think we are going to have a deal with India. And that is going to be a different kind of a deal. It is going to be a deal where we are able to go in and compete. Right now, India does not accept anybody in. I ANI (@ANI) July 1, 2025 "Right now, India doesn't accept anybody in. I think India is going to do that, if they do that, we're going to have a deal for less, much less tariffs," he TRADE DEAL TALKS DEADLOCKEDadvertisementTrumps comments come after hopes of an India-US bilateral trade deal talks hit a deadlock on Tuesday over key agricultural demands, sources told India to top government sources, India has refused to budge on dairy, a sector employing over 80 million people in India, many of them smallholder farmers."There is no question of conceding on dairy. That's a red line," a senior government source to news agency Reuters, Indian officials paid a visit to Washington last week through Monday to reach agreement on a deal with Donald Trump's administration and address lingering concerns on both Secretary Rajesh Agarwal, who is leading the Indian delegation in US, has extended his stay by another day in an attempt to break the Treasury Secretary Scott Bessent confirmed Fox News that the US and India are nearing a deal that would lower tariffs on American imports and help India avoid levies, which will be applicable from next week."We are very close with India," Bessent told Fox News in response to a question about ongoing progress on trade an effort to prevent a sharp increase in tariff rates on July 9, when a 90-day tariff pause expires, India is one of over a dozen nations that are currently engaged in negotiations with the Trump administration. India's current 10% "reciprocal" tariff rate may increase to 27%.GIVE AND TAKE NEEDED, SAYS S JAISHANKARadvertisement"We are in the middle -- hopefully more than the middle -- of a very intricate trade negotiation," Indian External Affairs Minister Subrahmanyam Jaishankar told an event in New York on Monday."Obviously, my hope would be that we bring it to a successful conclusion. I cannot guarantee it, because there's another party to that discussion," said Jaishankar, who is in the US for a meeting of the China-focused Quad grouping."There will have to be give and take," he added, indicating that both sides would need to accommodate each other's WANTS HIGHER TARIFF FOR JAPAN"We've dealt with Japan. I'm not sure we're going to make a deal. I doubt it," Trump said as he returned to Washington from a trip to claimed that Japan was rejecting American-grown rice, a demand Washington made that he called "an easy one," while selling millions of cars in the US.- EndsTune InMust Watch
Time of India
an hour ago
- Time of India
‘Quad unites, sends China a message': Rubio meets Indo-Pacific allies amid strained bilateral ties
U.S. Secretary of State Marco Rubio hosted his Australian, Indian and Japanese counterparts on Tuesday, seeking to boost efforts to counter China even as trade and other bilateral disagreements introduce friction into the relationships. The four countries, known as the Quad, share concerns about China's growing power, but ties have been strained by President Donald Trump's global tariff offensive, from which none of the members have been spared. Indian Foreign Minister Subrahmanyam Jaishankar, nevertheless, said the meeting had been "very productive." In welcoming his counterparts, Rubio called the Quad countries important strategic partners and said it was time to "deliver action" on specific issues. Show more Show less
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First Post
an hour ago
- First Post
US pauses some weapons shipments to Ukraine after Pentagon reviews low stockpiles
The United States has decided to pause some shipments of air defence missiles and other weapons to Ukraine because its own supplies are running low, reflecting a shift in priorities under President Donald Trump. read more US President Donald Trump and Ukraine's President Volodymyr Zelenskyy during a meeting in The Hague, Netherlands. Ukrainian Presidential Press Service/Reuters The United States is pausing some shipments of air defence missiles and other weapons to Ukraine because its own stockpiles have become too low, according to officials cited by the Associated Press on Tuesday (July 2). These weapons had been promised to Ukraine during the Biden administration to help fight Russia. But under President Donald Trump, the US has reassessed its priorities. 'This decision was made to put America's interests first, following a Pentagon review of our military support to countries around the world,' said White House spokesperson Anna Kelly. STORY CONTINUES BELOW THIS AD She added, 'The strength of the US Armed Forces remains unquestioned — just ask Iran,' referring to Trump's recent missile strikes on Iranian nuclear sites. A US official, speaking anonymously, said that because supplies of some weapons were running low, deliveries that hadn't yet been sent would be put on hold. Since the war began in February 2022, the US has provided more than $66 billion in weapons and military aid to Ukraine. While the US has urged allies to send air defence systems, many countries — especially in Eastern Europe — are hesitant to part with these critical systems as they also feel threatened by Russia. The halt in weapons shipments comes just after Russia carried out its largest aerial assault on Ukraine over the weekend, dimming hopes for peace talks led by Trump. Politico was the first to report the US decision. Last week, Trump met Ukrainian President Volodymyr Zelenskyy during the NATO summit. He said he was considering sending Patriot missile systems to Ukraine but emphasized that the US also needs them for its own defense and to support Israel. 'They want the anti-missile systems — the Patriots,' Trump said. 'We'll see if we can make some available. They're very effective — 100 percent effective.' STORY CONTINUES BELOW THIS AD These comments show a shift in the Trump administration's approach to helping Ukraine. At a Senate hearing in June, Defense Secretary Pete Hegseth said he was cutting wasteful programs and focusing on Trump's top goals. He emphasized that a peaceful settlement between Ukraine and Russia would make the US look strong, even though Russia started the conflict. Hegseth said the defense budget reflects the need for Europe to take more responsibility for its own defense and credited Trump for pushing that change. He confirmed that while some US aid for Ukraine is still in progress, overall funding would be reduced. 'This administration views the conflict differently,' Hegseth said. 'We believe a negotiated peace is in the best interest of both Ukraine and Russia — and of America.' Last month, Hegseth skipped a meeting of the Ukraine Defense Contact Group — an international alliance created by the US to coordinate military aid. This marked the first time a US defense secretary did not attend. Under former Secretary Lloyd Austin, the US had led the group, with regular meetings held both in-person and online. STORY CONTINUES BELOW THIS AD Hegseth had already stepped away from leading the group, handing over responsibilities to Germany and the UK, before fully withdrawing from participation.
