Arab Fighters' Big Move After POUNDING Pro-Israel City For Two Days As IDF Watched Helplessly
US President Donald Trump has sounded alarm bells for India, issuing a direct 10% tariff threat on all BRICS nations. In his remarks, Trump warned that if BRICS forms 'in a meaningful way, it will end very quickly.' While he didn't name countries, India, one of the founding BRICS members, is firmly in the spotlight. The comments follow BRICS expansion and moves like BRICS Pay, a cross-border payment system aimed at reducing dollar dependency. Trump labeled these initiatives 'anti-American,' and pledged to block any US digital currency to defend the dollar. India, balancing ties with the US and the Global South, now finds itself in a strategic squeeze: stay aligned with BRICS or risk economic retaliation? With a 50% tariff slapped on Brazil and more threats looming, how will India navigate this geopolitical and economic crossfire?#donaldtrump #brics #india #indiaus #brics #trumptariff #dollarvsrupee #globaltrade #geopolitics #toi #toibharat #bharat #trending #breakingnews #indianews
2.7K views | 1 day ago
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
11 minutes ago
- India Today
US, EU seal trade framework after Trump's tariff talks with top European leader
The United States and the European Union have agreed on a new trade deal, announced by former President Donald Trump on Sunday. Under the new framework, a 15% tariff will be applied to EU goods entering the US. In return, the EU has agreed to buy large amounts of American energy products and military equipment. However, the 15% tariff is still seen as a disappointing outcome for Europe, especially since the EU had initially hoped for a "zero-for-zero" deal—no tariffs on either side. Still, the current deal is better than the earlier threat of a 30% tariff, which had alarmed European leaders and Commission President Ursula von der Leyen travelled to Scotland to meet Trump and finalise the agreement. Her visit was crucial in sealing the deal at the last minute. This is a developing story.- Ends
Time of India
23 minutes ago
- Time of India
Good if US trade pact sealed by August 1, but nation first: Piyush Goyal
Commerce and industry minister Piyush Goyal on Sunday said it would be good if India and the US can do a trade agreement before August 1 but New Delhi's priority is to protect its national and public interests. "Koi deadline ke hisab se Bharat negotiate nahi karta (India doesn't negotiate its trade agreements based on deadlines)," Goyal added at an event in Mumbai on the opportunities for exports in the UK market following the bilateral free trade agreement. Explore courses from Top Institutes in Please select course: Select a Course Category Product Management Management Healthcare Data Analytics Data Science healthcare Design Thinking Public Policy Leadership Degree Operations Management Digital Marketing PGDM Artificial Intelligence Data Science Technology Others CXO Project Management Finance Cybersecurity MBA others MCA Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details He was responding to a question about the August 1 deadline when the US' reciprocal tariffs imposed on most countries, including India, are expected to come into force. The minister said the talks are going well with the US and India will do a good bilateral trade agreement (BTA) by October-November. American trade negotiators are slated to visit India in August for the next round of negotiations for the proposed BTA, the first tranche of which is aimed to be concluded by October. The fifth round of talks concluded in Washington last week. The countries aim to more than double bilateral trade to $500 billion. The two sides were working to finalise an interim trade deal before August 1. "Our discussions with the United States are progressing very well. I am fully confident that by the October-November 2025 timeline, we will secure a good agreement," Goyal said. This was his first outreach programme with industry after the India-UK Comprehensive Economic and Trade Agreement (CETA) was signed on July 24. Exporters from gems and jewellery and marine sectors, among others, participated in the event. "It is the most comprehensive free trade agreement India has ever entered with 30 chapters, including environment, gender, anti-corruption," Goyal said about CETA. "It has so many positives and new things that today the world wants to do business with India." He said India is in the process of finalising trade agreements with developed countries with whom it doesn't compete but complement. Whether it is New Zealand, Oman, the US, or the EU, India's agreements will be made with a "well-thought-out strategy" as the country negotiates from a position of strength and confidence, the minister said. He alleged that the previous UPA government had left Indian trade, farmers and fishermen to the mercy of a non-market economy by its move to join the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement between Asean countries and China, Japan, South Korea, Australia and New Zealand.
New Indian Express
34 minutes ago
- New Indian Express
Tariffs loom, talks linger as India holds ground on US deal
The recent India-UK trade agreement has shifted focus back to another lingering conversation — the trade deal between India and the United States. With August 1 approaching fast, and with it the threat of new US tariffs, the spotlight is back on whether the two sides can finally close a deal. President Donald Trump has called the deal 'very near'. Commerce Minister Piyush Goyal says negotiations are making 'fantastic' progress. However, market watchers firmly believe that a mini or an interim trade deal is unlikely in the next few days. In contrast, Trump has signed pacts with more than a handful of countries, including Japan, Vietnam, Indonesia, and the Philippines, in the past few days, besides dispatching tariff letters to over 20 more with effective rates from August. However, India isn't in a hurry, and as Goyal mentioned, negotiations are rarely successful when constrained by timelines. The delay in the India-US deal comes down to real differences. One is America's push for deeper access into India's farming and dairy sectors. India isn't ready to make those concessions, knowing their local impact could be serious. On the other hand, India has asked the US to ease duties on steel, aluminium and car exports — a request that remains on the table.
