
1 July 2025: Trump-Musk Feud, Iran Jet Shift, Thailand PM Suspended, Jaishankar Hits Back
UPDATED: Jul 1, 2025 19:30 IST
On News at 7, this 27 June, Jamshed Qamar Siddiqui brings you the day's most crucial headlines. Trump slams Musk over subsidies as feud deepens; Musk threatens new party over Trump's tax bill. Iran opts for Chinese J-10C jets after stalled Russian deal, marking a major defence shift post airstrikes. Thailand PM Paetongtarn suspended over leaked call amid Cambodia border row and rising public unrest. Jaishankar rejects Trump's ceasefire claim, says India's Operation Sindoor was independent and security-driven.
Produced by Garvit Srivastava
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Hindustan Times
35 minutes ago
- Hindustan Times
Donald Trump says Vietnam to face 20% tariff under 'great' deal
President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products. Donald Trump said that Vietnam will give total access of their markets to US for trade.(AFP) The deal comes less than a week before Trump's self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if agreements are not reached. Shares in clothing companies and sport equipment manufacturers -- which have a large footprint in Vietnam -- rose on the news, but later declined sharply after the president released details including the continued tariffs, which were higher than expected. If confirmed, the terms of the agreement will significantly increase the price of shoes and clothing that Vietnam exports to the United States, but Hanoi escapes the threat of the more severe 46 percent tariff threatened by Trump in April. "It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam," Trump wrote on his Truth Social platform. He said that under the "Great Deal of Cooperation," imports of Vietnamese goods will face a 20 percent US tariff, while goods that pass through Vietnam to circumvent steeper trade barriers -- so-called "transshipping" -- will see a 40 percent tariff. 'Total Access' Trump's trade advisor Peter Navarro has called Vietnam a "colony of China," saying that one third of Vietnamese products are in fact relabelled Chinese goods. Trump said that "in return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade," he said. "In other words, they will 'OPEN THEIR MARKET TO THE UNITED STATES,' meaning that we will be able to sell our product into Vietnam at ZERO Tariff." The president said he believed US-made SUVs, "which do so well in the United States, will be a wonderful addition to the various product lines within Vietnam." In a government statement, Vietnam confirmed that negotiating teams had come to an agreement to address the reciprocal tariff issue, but did not detail any tariff terms. Trump "affirmed that the US will significantly reduce reciprocal taxes for many Vietnamese export goods and will continue to cooperate with Vietnam in resolving difficulties affecting bilateral trade relations, especially in areas prioritized by both sides," the statement said. Trump's announcement comes a week before the threatened US reimposition of steep tariffs on dozens of economies, including the European Union and Japan, many of which are still scrambling to reach deals that would protect them from the measures. Those higher tariffs are part of a package Trump initially imposed in April, citing a lack of "reciprocity" in trading relationships, before announcing a temporary lowering to 10 percent. Without a deal, Vietnam's "reciprocal tariff" would have risen from the baseline 10 percent to 46 percent. Since April, Washington had so far only announced a pact with Britain and a deal to temporarily lower retaliatory duties with China. Both involve the United States maintaining some of Trump's tariffs on the trading partners. The terms of the UK deal are more narrowly focused than those announced by Trump with Vietnam, with London and Washington agreeing to cut US tariffs on cars from 27.5 percent to 10 percent, with a limit of 100,000 vehicles a year. It also fully eliminated the 10 percent tariff on goods such as engines and aircraft parts. In return, Britain agreed to further open its market to US ethanol and beef.


News18
40 minutes ago
- News18
'If There Are Terror Attacks, We'll Respond': Jaishankar To Quad Partners On Pahalgam
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Indian Express
40 minutes ago
- Indian Express
Donald Trump vows to ‘save New York City' from ‘Communist lunatic' Zohran Mamdani
US President Donald Trump on Wednesday launched a blistering attack on Indian-origin New York City mayoral candidate Zohran Mamdani, calling him a 'Communist Lunatic' and vowing to save the city from his leadership. In a Truth Social post, Trump wrote: 'As President of the United States, I'm not going to let this Communist Lunatic destroy New York. Rest assured, I hold all the levers, and have all the cards. I'll save New York City, and make it 'Hot' and 'Great' again, just like I did with the Good Ol' USA!' The statement follows Mamdani's sharp rebuttal to Trump's earlier threats of arrest if he were to restrict Immigration and Customs Enforcement (ICE) operations in New York. 'The President of the United States just threatened to have me arrested, stripped of my citizenship, put in a detention camp and deported,' Mamdani said. 'Not because I have broken any law but because I will refuse to let ICE terrorise our city.' He further added: 'His statements don't just represent an attack on our democracy but an attempt to send a message to every New Yorker who refuses to hide in the shadow: if you speak up, they will come for you.' Trump had also referred to Mamdani as a 'pure, true communist' and 'total nut job', claiming he would 'have a lot of fun with him' if elected. Mamdani, who became the Democratic nominee for mayor on Tuesday, would be New York City's first Muslim mayor if elected in November. The 33-year-old state assemblyman and self-proclaimed democratic socialist secured a clear victory over former New York Governor Andrew Cuomo, winning 56 per cent to Cuomo's 44 per cent in the final round of ranked-choice voting. He was born in Uganda to Indian-origin parents and became a US citizen in 2018.