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News18
08-07-2025
- Business
- News18
Doanld Trump Threatens 10% Tariffs on BRICS Countries: Dollar Defense & Iran Message News18
In a joint statement after the Brasil summit, BRICS leaders, including Prime Minister Narendra Modi, warned of "the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules".Round 2 of Donald Trump vs the BRICS bloc began this week after the United States President announced an additional 10 per cent tariff on countries aligning with the group's "Anti-American policies". "There will be no exceptions..." Trump said Sunday night on Truth President did not say what these 'anti-American policies' are or specify which of the group's policies he referring to, although six months ago he did threaten the group with 100 per cent tariffs if they attempted to replace the US dollar as the dominant currency for international trade. News18 Mobile App -
Time of India
07-07-2025
- Business
- Time of India
Trump says 'take it or leave it' tariff letters to 'various countries' will go out Monday; reveals a key detail
Donald Trump has sent tariff letters to many countries. These letters contain final trade deal proposals. The letters were sent on July 7. Some countries have already made deals with the US. The UK and Vietnam are among them. India and the EU are yet to finalise any deal. The new tariffs will be effective from August 1. US President Donald Trump has signed tariff letters on exports from 12 countries, which are expected to be sent out on July 7 (Monday). Tired of too many ads? Remove Ads Deadline looms as U.S. abandons traditional negotiations Tired of too many ads? Remove Ads India, EU yet to strike deal as U.S. hardens stance US President Donald Trump on Monday confirmed that a series of new tariff letters and trade deal proposals are being dispatched to several countries starting noon Eastern Time, calling them final, non-negotiable offers.'I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th,' Trump wrote on his social media platform Truth Social. 'Thank you for your attention to this matter!' Trump wrote in a post on Truth announcement confirms a sharp shift in the U.S. trade strategy — away from drawn-out negotiations toward unilateral terms dictated directly by Washington. Trump had earlier referred to these as 'take it or leave it' proposals, meant to expedite stalled talks and enforce the tariff plan announced in letters are being sent just two days before the July 9 expiration of a 90-day tariff suspension announced in April, when Trump proposed a base 10% tariff on most imports, with provisions to raise rates as high as 70% for certain Friday, speaking aboard Air Force One, Trump said the letters would be addressed to about a dozen countries, each receiving different terms based on their trade relationship with the U.S. He declined to name them, saying only that the recipients would be revealed once the letters go far, only two countries—the United Kingdom and Vietnam—have secured finalized trade deals with the U.S. The UK negotiated to retain the base tariff rate along with sectoral exemptions, while Vietnam agreed to a reduced 20% tariff, down from a proposed 46%, in exchange for broader market access for U.S. new tariffs, for countries that do not reach agreement, are expected to take effect from August with India and the European Union remain underway. Diplomatic sources in Brussels said last week that talks with Washington had stalled, with no progress toward avoiding the higher tariff brackets. Indian officials have not commented publicly but are believed to be holding out for more flexible the White House making it clear that the incoming letters are final and 'not open for revision', both India and the EU now face a difficult choice: accept the U.S.-proposed terms or risk facing steep tariffs within experts warn that the lack of bilateral flexibility could trigger retaliatory measures and inflame global trade tensions , especially if the U.S. implements the higher-end tariffs on sensitive the potential fallout, Trump defended the move as a necessary correction to what he described as years of imbalanced trade. 'The letters are better... much easier to send a letter,' he said last week, underscoring his frustration with slow-moving the tariff letters now on their way, attention shifts to how U.S. partners—especially those without finalized deals—will respond to Washington's ultimatum.
Time of India
27-06-2025
- Politics
- Time of India
Saved him from a very ugly death: Trump questions Iran Supreme Leader Ayatollah Khamenei's victory claim
Donald Trump claimed he saved Ayatollah Khamenei's life, preventing Israel and the US military from terminating him, despite Iran's alleged declaration of victory against Israel. Trump stated he halted a large Israeli air attack on Tehran and ceased working on sanction relief due to Iran's anger, emphasizing the country's economic and military struggles. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The 12-day war Tired of too many ads? Remove Ads US President Donald Trump on Friday claimed to have saved Iran Supreme Leader Ayatollah Ali Khamenei 's life and questioned him declaring victory against further claimed that Iran's nuclear cites were obliterated and that he knew where the Supreme Leader took shelter but did not allow Israel and the US Armed Forces to take his life."Why would the so-called 'Supreme Leader,' Ayatollah Ali Khamenei, of the war torn Country of Iran, say so blatantly and foolishly that he won the War with Israel, when he knows his statement is a lie, it is not so. As a man of great faith, he is not supposed to lie. His Country was decimated, his three evil Nuclear Sites were OBLITERATED, and I knew EXACTLY where he was sheltered, and would not let Israel, or the U.S. Armed Forces, by far the Greatest and Most Powerful in the World, terminate his life. I SAVED HIM FROM A VERY UGLY AND IGNOMINIOUS DEATH, and he does not have to say, 'THANK YOU, PRESIDENT TRUMP!' Trump wrote on Truth US president said that he demanded Israel bring back its planes which were "looking for a big day". Trump also claimed that a lot of Iranians would have been added that he was working on on the possible removal of sanctions, and other things, which would have given a much better chance to Iran at a full, fast, and complete recovery, claiming that the sanctions were biting the worn-torn nation. He said that he dropped all work of sanction relief because he got all the hatred and anger."In fact, in the final act of the War, I demanded that Israel bring back a very large group of planes, which were heading directly to Tehran, looking for a big day, perhaps the final knockout! Tremendous damage would have ensued, and many Iranians would have been killed. It was going to be the biggest attack of the War, by far. During the last few days, I was working on the possible removal of sanctions, and other things, which would have given a much better chance to Iran at a full, fast, and complete recovery - The sanctions are BITING! But no, instead I get hit with a statement of anger, hatred, and disgust, and immediately dropped all work on sanction relief, and more. Iran has to get back into the World Order flow, or things will only get worse for them."Trump further claimed that Iran was a burned up, torn country with now future, a weak military and poor economy, adding that they have no hope."They are always so angry, hostile, and unhappy, and look at what it has gotten them - A burned out, blown up Country, with no future, a decimated Military, a horrible Economy, and DEATH all around them. They have no hope, and it will only get worse! I wish the leadership of Iran would realize that you often get more with HONEY than you do with VINEGAR. PEACE!!!"The Israel-Iran ceasefire took effect on June 24. The truce in the 12-day war that threatened to veer out of control on multiple occasions came as a major relief for markets and economies around the world, with oil slipping and gold losing shine and stock markets jumping ceasefire between the two warring sides was first announced by US President Trump early today. Trump made this announcement minutes after each side threatened new attacks. Iran's final call came hours after an (apparently) final volley of projectiles at a post on social media, Iranian Foreign Minister Abbas Aragchi said the military had fought until the "very last minute." Despite this, Israel reported that three separate waves of missile attacks were launched by Iran that same confirmed its agreement to the truce hours said that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations."On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12 DAY WAR'," he wrote on his Truth Social ceasefire followed American strikes on Iranian nuclear facilities over the weekend. In response, Iran launched missiles at Al Udeid Air Base in Qatar, the largest U.S. military site in the region. Iran is reported to have given prior warning to reduce potential damage. Al Udeid hosts around 10,000 U.S. troops and serves as the headquarters for the U.S. Central making the announcement, the US President said that the ceasefire would not take full effect immediately, as ongoing missions were being completed.
Yahoo
25-06-2025
- Politics
- Yahoo
JD Vance Flips the Bird at Trump Critics During GOP Dinner Party: ‘That Means We're No. 1, Right?'
In an effort to make a joke about anti-Trumpers, Vice President JD Vance decided to flip the bird at attendees during the Ohio Republican dinner party on Tuesday. The moment happened while Vance was delivering a keynote speech, during which he started discussing the challenges that come with being a political figure, as well as the slew of 'pink-haired' critics he claimed have approached and/or confronted him since his time in office. 'I know it's not easy to be a political candidate, trust me. In Washington, D.C. they have this thing where— I think it means 'we're No. 1' in Washington, D.C., but all the pink-haired people throw up this sign,' Vance said. He then lifted his hand to flip the bird to the listening audience. Keeping his middle finger in the air, he continued on, joking that the one finger up must mean naysayers are labeling the Trump administration as No. 1. 'That means we're No. 1, right? I choose to take that as that symbol in Washington,' Vance said in jest. LMAO! JD Vance throws up the MIDDLE FINGER live on TV"In D.C., they have this thing where – I think it means we're number one – all the pink-haired people throw up this sign… *throws up middle finger*" — Eric Daugherty (@EricLDaugh) June 25, 2025 Vance's crude behavior happened the same day Trump went viral for dropping the F-bomb while criticizing both Israel and Iran for their cease-fire deal. President Trump on Israel and Iran: "We basically have two countries that have been fighting so long and so hard that they don't know what the fuck they're doing." — CSPAN (@cspan) June 24, 2025 'We basically have two countries that have been fighting so long and so hard that they don't know what the f—k they're doing,' Trump told media on Tuesday. As TheWrap previously reported, after speaking to reporters, the president told Israel on his Truth Social platform it would be a 'MAJOR VIOLATION' if it bombed Iran. He then called on Israel to 'BRING YOUR PILOTS HOME, NOW!' About 40 minutes later, the president was seemingly in a much better mood, posting that Israel would not attack Iran. 'All planes will turn around and head home, while doing a friendly 'Plane Wave' to Iran. Nobody will be hurt, the cease-fire is in effect! Thank you for your attention to this matter!' Trump posted on Truth post JD Vance Flips the Bird at Trump Critics During GOP Dinner Party: 'That Means We're No. 1, Right?' | Video appeared first on TheWrap.
Economic Times
24-05-2025
- Business
- Economic Times
Tariff? Long arm of Trump law may not pluck Apple off India
US President Donald Trump on Friday threatened to impose 'at least' 25% tariff on iPhones sold in the country unless they are made in America, and 'not in India, or anyplace else'. The development, which came a week after he said he had told Apple CEO Tim Cook not to build in India, could dampen the fast-paced growth of India's electronics manufacturing services, said experts. Apple shares plunged more than 4% to a low of $193.46 on the Nasdaq after Trump's statement. 'I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a tariff of at least 25% must be paid by Apple to the US,' Trump said in a post on Truth move, if implemented, would hit the Cupertino-based firm, which has been seeking to diversify its production base beyond China, as well as India's electronics manufacturing services ecosystem, which has been supporting not only phone manufacturers but also hundreds of ancillary and downstream component makers beginning to set up shop in the country, according to experts. Shifting Apple's manufacturing to the US would not be a feasible solution, though, they said, since that would increase the cost of the iPhone to $3,000 on average from the current price of around $1000 owing to the high cost of labour in the US. Most of the iPhones sold in the US currently are made in India. Apple's assembly lines in India churned out smartphones worth $22 billion in 2024-25, with a 60% year-on-year increase in output. Some experts also said that Trump's statement appeared to be a negotiation tactic to secure a more favourable trade deal with India.'Trump's posturing of a potential 25% tariff on 'Made in India' Apple phones will certainly be a dampener on Apple's India plans,' said Jaijit Bhattacharya, president, Centre for Digital Economy Policy Research. 'It brings in regulatory uncertainty for Apple, which in itself is extremely detrimental. Apple was signalled to move out of China into trusted supply chain locations such as India. As it started ramping up in India, conflicting signals have emerged from the US administration.'He said the outcome would be significant uncertainty for Apple, impacting the company's ability to build a resilient supply chain and serve the Agrawal, founder of Techaisle, said, 'Trump's past actions indicate a willingness to impose tariffs to push for domestic production, and his recent comments suggest he is not pleased with Apple's move to diversify manufacturing to India. Therefore, some form of targeted tariffs remains a possibility. While Trump can impose tariffs, previous threats have often been used as negotiating tactics, and exemptions for electronics (including iPhones) have been granted before.'A section of industry executives, however, said the US administration's move to slap tariffs on Apple would not halt India's strides in electronics manufacturing services."India is primarily involved in assembly and even within that India's piece of the pie is under $40,' said Raja Manickam, founder of the fabless chip startup iVP Semiconductor and the former CEO of Tata Electronics. 'Finally, I do see that sense will prevail and that Apple will reason with the US government that at least 50% or more of their value addition comes in from chips, IP and software by American companies.'ET's queries sent to Apple remained unanswered till press time."The notion of Apple moving iPhone assembly to the US is less a concrete strategy and more of a negotiating tool, especially in the context of US-India trade dynamics," Sanyam Chaurasia, technology market analyst at Canalys Research said. "Realistically, even if Apple were to shift assembly stateside, it would take several years and involve significant cost implications." He said Trump appears to be using Apple as a 'bargaining chip' in tariff negotiations with India. "It's more a political gesture than a realistic plan. I expect to see more of this as pressure builds to secure favorable terms in the bilateral trade agreement," he said. Apple has increasingly chosen India as an alternative to China, where it has massive operations, especially after the Covid-19 pandemic, realising that over-reliance on a single production base could put its supply chain in jeopardy. In line with growing demand, the company's suppliers such as Foxconn and Tata Electronics have been expanding their India manufacturing footprint.
