
Trump slams at US tech giants for ‘building factories in China, hiring workers in India', warns ‘Those days are over'
Speaking at an AI Summit in Washington, Trump said that under his presidency, 'those days are over'.
'For too long, much of America's tech industry pursued a radical globalism that left millions of Americans feeling distrustful and betrayed,' Trump said, speaking at the summit.
(This is a developing story. Check back for updates)

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The Hindu
21 minutes ago
- The Hindu
Letters to The Editor — July 28, 2025
The world and Gaza It is unfortunate that the world does not seem to be moved by the fact that people of Gaza are facing acute starvation as a result of a genocidal war. Words such as 'humanity', 'conscience', 'empathy' and 'altruism' ring hollow in the context of collective global inaction. Aid airdrops without lifting the ground blockade of aid deliveries are only an eyewash and do not reverse the deepening crisis. The lack of disquiet is a reflection of the times we live in. G. David Milton, Maruthancode, Tamil Nadu Donald Trump's record Donald Trump's yearning for the Nobel Peace Prize is no secret. Yet, his record speaks more of ambition than achievement. In Ukraine, he hints at ending the war 'in 24 hours', but neither Kyiv nor Moscow trusts his intentions. In Gaza, his stance is even less persuasive — offering little beyond hollow statements, while giving Israel a carte blanche. His 'credit' for an India-Pakistan détente lacks conviction, repeated more out of habit than belief. Frustrated, Mr. Trump turns to Africa and Southeast Asia to tout his role in conflict de-escalation, but even these claims lack depth. And no less is his singular pursuit to be reckoned as a pioneer in dismantling the global economic order. R. Narayanan, Navi Mumbai Sharp contrast The narrative in the article, 'On a tight leash in Mumbai' (Magazine – 'Openpage', July 27), evoked no surprise, as the stray dog menace exists across India. Last year I had been to Tennessee, in the U.S. to visit my son. There are no street dogs there but only pet dogs. When they are taken out for a walk there is a proper leash. The owner has to pick up waste with a scoop, which is then transferred to a cover and placed in a waste bin that is marked for such waste. A lot is to be learnt from foreign countries. D. Sethuraman, Chennai
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First Post
21 minutes ago
- First Post
US, EU strike trade deal with broad 15% tariff on most European goods
The US and the EU have finalised a framework trade agreement, introducing a sweeping 15% US tariff on most European imports. read more European Commission President Ursula von der Leyen sits with U.S. President Donald Trump, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain. Reuters The United States struck a framework trade deal with the European Union on Sunday, imposing a 15% U.S. import tariff on most EU goods, but averting a spiralling battle between two allies which account for almost a third of global trade. The announcement came after European Commission President Ursula von der Leyen travelled for talks with U.S. President Donald Trump at his golf course in western Scotland to push a hard-fought deal over the line. STORY CONTINUES BELOW THIS AD


Economic Times
21 minutes ago
- Economic Times
U.S. EU trade deal: Donald Trump slaps 15 per cent tariffs on European goods, auto. What is new in it? Is China next?
US-Europe Trade Deal US-EU Tariffs Live Events USA-China Trade Deal Nearing? FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US President Donald Trump and EU chief Ursula von der Leyen Sunday announced they had reached a deal to end a transatlantic tariffs standoff and avert a full-blown trade war. The agreement came as the clock ticked down on an August 1 deadline for the European Union to strike a deal with Washington -- or face an across-the-board US levy of 30 percent. Trump told reporters the deal involved a baseline levy of 15 percent on EU exports to the United States -- the same level secured by Japan -- including for the bloc's crucial auto sector, which is currently being taxed at 25 percent. Now all eyes are on the world's second largest economy - US President also said the bloc had agreed to purchase "$750 billion worth of energy" from the United States, as well as $600 billion more in additional investments in the country. Negotiating on behalf of the EU's 27 countries, von der Leyen's European Commission had been pushing hard to salvage a trading relationship worth an annual $1.9 trillion in goods and EU has been hit by multiple waves of tariffs since Trump reclaimed the White House. It is currently subject to a 25-percent levy on cars, 50 percent on steel and aluminium, and an across-the-board tariff of 10 percent, which Washington threatens to hike to 30 percent in a no-deal 15 percent would be much higher than pre-existing US tariffs on European goods, which average around 4.8 percent, it would mirror the status quo, with companies currently facing an additional flat rate of 10 the talks failed, EU states had greenlit counter tariffs on $109 billion (93 billion euros) of US goods including aircraft and cars to take effect in stages from August 7. Brussels was also drawing up a list of US services to potentially has embarked on a campaign to reshape US trade with the world, and has vowed to hit dozens of countries with punitive tariffs if they do not reach a pact with Washington by August 1. US Commerce Secretary Howard Lutnick had said Sunday the August 1 deadline was firm and there will be "no extensions, no more grace periods".U.S. President Donald Trump said on Sunday his administration was close to reaching a trade deal with China, but gave no other details. "We're very close to a deal with China. We really sort of made a deal with China, but we'll see how that goes," Trump told reporters at the start of a meeting with European Commission President Ursula von der Leyen in Scotland.A1. While 15 percent would be much higher than pre-existing US tariffs on European goods, which average around 4.8 percent, it would mirror the status quo, with companies currently facing an additional flat rate of 10 percent.A2. US President Donald Trump also said the bloc had agreed to purchase "$750 billion worth of energy" from the United States, as well as $600 billion more in additional investments in the country.