Love Pak, stopped war with India: Trump persists with claim after PM factcheck
United States President Donald Trump once again reiterated his claim of stopping war between India and Pakistan after Prime Minister Narendra Modi fact-checked him."I stopped a war between Pakistan [and India]. I love Pakistan," he further said. Modi is a fantastic man. I spoke to him last night," he said while speaking with the reporters.Earlier, PM Modi had told the US President that India has never accepted mediation, does not accept it, and will never do so in the future.advertisement
He further reiterated his trade deal plans with India. "We are going to make a trade deal with Modi of India. But I stopped a war between Pakistan and India."Trump went on to praise Pakistan's army chief Asif Munir and PM Modi and said that they were extremely influential."This man [Munir] was extremely influential in stopping war from Pakistani side, Modi from the other side. They were going at it and they are both nuclear countries...I stopped a war between two major nuclear nations but I don't think I have a story written about it," he said.After nearly 14 claims of the US brokering a ceasefire between India and Pakistan, PM Modi gave a no-nonsense response to Donald Trump, countering the US's ceasefire mediation narrative. In a 35-minute-long phone conversation with Trump on Wednesday, Modi clarified that the US had no role in brokering the ceasefire between India and Pakistan. He also said there was no discussion on a US-India trade deal during hostilities.The call focused on the terror attack in Jammu and Kashmir's Pahalgam and India's response. Modi explained India's shift in counter-terror policy and invited Trump to the upcoming Quad Summit in India.Tune InMust Watch
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
7 minutes ago
- Deccan Herald
Modi's tough talks over phone fail to make Trump stop claiming India–Pakistan truce credit
Modi had a phone call with Trump and dismissed his claim that he had used the threat of suspending US trade with India and Pakistan to make the two South Asian nations agree to halt the four-day-long military offensive against each other last month.
&w=3840&q=100)
Business Standard
12 minutes ago
- Business Standard
Nippon steel acquires US steel for $14.9 bn with Trump-backed deal
Nippon Steel's $14.9-billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for President Donald Trump after the Japanese company's 18-month struggle to close the purchase. Under the deal terms, Nippon bought 100% of US Steel shares at $55 per share, as it first laid out in its December 2023 offer for the well-known but struggling steelmaker. The companies also disclosed details of a national security agreement inked with the administration, which gives Trump the authority to name a board member as well as a non-economic golden share. White House spokesman Kush Desai called the deal historic and said the golden share would "safeguard America's national and economic security." Eiji Hashimoto, Nippon Steel's chairman and CEO, thanked Trump for his role, adding that "Nippon Steel is excited about opening a new chapter of US Steels storied history." The agreement contains an unusual level of control conceded by the companies to the government to save the deal, after a rocky path to approval spurred by high-level political opposition. The inclusion of the golden share in particular to win approval from the Committee on Foreign Investment in the US, which scrutinizes foreign investment for national security risks, could drive overseas investors away from US companies, national security lawyers have said. The optics of a golden share ' they suggest that it's a little bit harder to divorce pure national security analysis from political decision-making, said Josh Gruenspecht, a national security lawyer at Wilson Sonsini. The press release announcing the deal notes the golden share gives the US government rights, including, "The right to appoint one independent director; and Consent rights of the President of the United States, or his designee, on specific matters." The US government will have veto authority over a raft of corporate decisions, from idling plants to cutting production capacity and moving jobs overseas, as previewed in a weekend social media post by Commerce Secretary Howard Lutnick. The share also gives the government a veto over a potential relocation of US Steel's headquarters from Pittsburgh, a transfer of jobs overseas, name change, and any potential future acquisition of a rival business, the release shows. The United Steel workers union, which has vehemently opposed the deal, said it would "continue watching, holding Nippon to its commitments," adding that the golden share gives Trump a "startling degree of personal power over a corporation." 86 MILLION TONS OF PRODUCTION CAPACITY For Nippon Steel, securing a foothold in the US is key to its global growth strategy. The American steel market, including demand for high-grade steel, Nippon Steel's specialty, is growing amid rising global trade tensions. The acquisition will involve $11 billion in investment in US Steel through 2028, including $1 billion for a new US mill that will increase by $3 billion in later years as first reported by Reuters. It will also allow Nippon Steel, the world's fourth-largest steel company, to capitalize on a host of American infrastructure projects while its foreign competitors face steel tariffs of 50%. The Japanese firm also avoids $565 million in breakup fees it would have had to pay if the companies had failed to secure approvals. Nippon Steel said on Wednesday its annual crude steel production capacity is expected to reach 86 million tons, bringing it closer to the company's goal of 100 million tons of global crude steel production capacity. Kim Ward, a Republican state senator in Pennsylvania, where US Steel is headquartered, said the deal "marks a new era for domestic steel and reaffirms our position as a global leader in the industry." A ROCKY PATH The deal's closing was hardly guaranteed, though many investors saw approval as likely after Trump headlined a rally on May 30, giving his vague blessing to an "investment" by Nippon Steel, which he described as a "great partner." After the United Steelworkers union opposed the deal last year, both then-President Joe Biden, a Democrat, and Trump, a Republican, expressed their opposition as they sought to woo voters in Pennsylvania, a key swing state, in the presidential election campaign. Shortly before leaving office in January, Biden blocked the deal on national security grounds, prompting lawsuits by the companies, which argued the national security review they received was biased. The Biden White House disputed the charge. The steel companies saw a new opportunity in the Trump administration, which opened a fresh 45-day national security review into the proposed merger in April. But Trump's public comments, ranging from welcoming a simple "investment" in US Steel by the Japanese firm to floating a minority stake for Nippon Steel, spurred confusion. Trump's May 30 rally spurred hopes for approval, and his sign-off finally came on Friday with an executive order giving the companies permission to combine if they signed an NSA giving the US government a golden share, which they did.
&w=3840&q=100)
Business Standard
13 minutes ago
- Business Standard
G7 Summit: India, Canada re-engage, revive trade talks after 2 years
India and Canada on Wednesday decided to take 'calibrated' and 'constructive' steps to reset their relationship and restore stability in bilateral ties. As a first move, the two sides agreed to resume negotiations on an interim trade agreement after a nearly two-year pause and to appoint new high commissioners to each other's capitals. Indian Prime Minister Narendra Modi and his Canadian counterpart Mike Carney met on the sidelines of the G7 Summit in Kananaskis, Alberta, where they also agreed to restart senior ministerial and working-level engagements across various domains to 'rebuild trust' and 'bring momentum' to the relationship, said the Ministry of External Affairs (MEA). The Canadian government said the early return of high commissioners was aimed at serving citizens and businesses in both countries. It was Modi's first in-person meeting with Carney, who retained office after Canada's recent general elections. India-Canada ties deteriorated following the June 2023 killing of Khalistani separatist Hardeep Singh Nijjar, with then Canadian Prime Minister Justin Trudeau alleging a potential Indian link to the case. In October, India recalled its high commissioner and five other diplomats after Canadian authorities suggested their involvement. India also expelled an equal number of Canadian diplomats. Against the backdrop of a thaw in relations following Carney's election in March, the two leaders reaffirmed respect for the rule of law and their commitment to upholding the 'principles of sovereignty and territorial integrity'. 'The leaders also discussed the importance of restarting the stalled negotiations on the Early Progress Trade Agreement (EPTA), with a view to paving the way for a Comprehensive Economic Partnership Agreement (CEPA). They agreed to task their respective officials to engage further in this regard,' the MEA said. Modi and Carney agreed to direct their respective officials to begin discussions for an interim trade deal, which will be followed by a comprehensive agreement. India and Canada had formally re-launched CEPA talks in March 2022 to boost trade and investment flows. The EPTA was to serve as a transitional step toward the comprehensive pact. Talks were suspended in September 2023 amid political tensions, even though negotiations were at an advanced stage and both sides had hoped to conclude the agreement by year-end. Despite the strain, India's exports to Canada remained strong, reaching $4.2 billion in FY25, a 9.8 per cent increase year-on-year. Major exports included medicines, garments, diamonds, chemicals, gems and jewellery, seafood, engineering goods, rice, and electrical equipment. Canada accounted for less than 1 per cent of India's total exports. Imports from Canada fell 2 per cent to $4.4 billion in FY25. India's dependency on Canadian imports remains low at 0.6 per cent of total inbound trade, primarily comprising pulses, crude oil, fertilisers, aircraft and aviation equipment, diamonds, and bituminous coal. The MEA said the Modi-Carney meeting provided both sides an opportunity for frank and forward-looking discussions on the relationship and next steps. The leaders expressed a desire to pursue a 'constructive and balanced' partnership grounded in mutual respect for each other's concerns and sensitivities, bolstered by strong people-to-people ties and economic complementarities. They also discussed future cooperation in clean energy, digital transformation, artificial intelligence, LNG, food security, critical minerals, higher education, mobility, and supply chain resilience. The leaders reaffirmed their shared interest in promoting a free and open Indo-Pacific, the MEA said.
