Trump warns Iran that its nuclear sites could be bombed again
Trump issued the threat as he held talks with British Prime Minister Keir Starmer at his Turnberry golf resort on the western coast of Scotland.
Iran, which denies seeking to develop a nuclear weapon, has insisted it will not give up domestic uranium enrichment despite the bombings of three nuclear sites.
Trump says Iran's key nuclear sites 'obliterated' by US airstrikes
Trump told reporters that Iran has been sending out 'nasty signals' and any effort to restart its nuclear program will be immediately quashed.
'We wiped out their nuclear possibilities. They can start again. If they do, we'll wipe it out faster than you can wave your finger at it,' Trump said.
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Express Tribune
2 hours ago
- Express Tribune
Trade deal with US
Listen to article Pakistan and the United States are in a first-of-its-kind trade deal that seems to be carved out on a profitable index for both the countries. Though no statistics are available officially as to what are the hallmarks of concessions and volume in terms of tariffs, the euphoria on both sides makes it a win-win proposition. The assured thing, however, is that the deal has been struck on lower tariffs for the developing country, and it is a positive development at a time when many of the states, including China, India and Canada, are struggling to come to terms with the Trump administration regarding reciprocal tariffs. The deal, apparently signed after hectic discussions that evolved political and strategic issues as well, will go on to bolster the confidence for the private sector too. It is widely hoped that it will pave the way for expanding market access, attracting investment and tapping sectors that were in oblivion to this day, such as oil, minerals and crypto-currency. Presently, the bilateral trade volume sits at $7.3 billion, and it is hoped that it should cross the benchmark of $10 billion with the new wrangling instantly. A surprising aspect of the deal is the mention of oil exploration as an avenue in bilateralism, and the fact that President Trump himself elicited interest in it is worth the salt, and so is the case with the minerals gold-pot that US investors are interested in. Apart from offshore drilling in the Exclusive Economic Zone (EEZ), Pakistan has good prospects for oil and gas in Bannu, North Waziristan and Balochistan's Marri tribal areas. The deal, nonetheless, has come with some preconditions. Reports say Pakistan has made a major concession to the US by exempting 5% tax imposed on foreign tech firms and online platforms on supply of digitally-ordered goods and services. That means Pakistan will suffer a loss of billions of rupees, as the new tax was announced in the recently passed federal budget. It is, however, not clear how the IMF will react to it as it has been irked on some of the waivers that were doled out to domestic sectors.
Business Recorder
4 hours ago
- Business Recorder
Trump gives Mexico 90-day tariff reprieve as deadline for higher duties looms
U.S. President Donald Trump gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal but was expected to issue higher final duty rates for most other countries as the clock wound down on his Friday deal deadline. The extension, which avoids a 30% tariff on most Mexican non-automotive and non-metal goods compliant with the U.S.-Mexico-Canada Agreement on trade, came after a Thursday morning call between Trump and Mexican President Claudia Sheinbaum. 'We avoided the tariff increase announced for tomorrow,' Sheinbaum wrote in an X social media post, adding that the Trump call was 'very good.' Trump's tariffs give chocolate makers in Canada, Mexico an edge over US firms Approximately 85% of Mexican exports comply with the rules of origin outlined in the USMCA, shielding them from 25% tariffs related to fentanyl, according to Mexico's economy ministry. Trump said that the U.S. would continue to levy a 50% tariff on Mexican steel, aluminum and copper and a 25% tariff on Mexican autos and on non-USMCA-compliant goods subject to tariffs related to the U.S. fentanyl crisis. 'Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many,' Trump said in a Truth Social post without providing details. Trump is expected to issue tariff rate proclamations later on Thursday for countries that have not struck trade deals by a 12:01 a.m. EDT (0401 GMT) deadline. South Korea agreed on Wednesday to accept a 15% tariff on its exports to the U.S., including autos, down from a threatened 25%, as part of a deal that includes a pledge to invest $350 billion in U.S. projects to be chosen by Trump. But goods from India appeared to be headed for a 25% tariff after talks bogged down over access to India's agriculture sector, drawing a higher-rate threat from Trump that also included an unspecified penalty for India's purchases of Russian oil. Although negotiations with India were continuing, New Delhi vowed to protect the country's labor-intensive farm sector, triggering outrage from the opposition party and a slump in the rupee. TOUGH QUESTIONS FROM JUDGES Trump hit Brazil on Wednesday with a steep 50% tariff as he escalated his fight with Latin America's largest economy over its prosecution of his friend and former President Jair Bolsonaro, but softened the blow by excluding sectors such as aircraft, energy and orange juice from heavier levies. The run-up to Trump's tariff deadline was unfolding as federal appeals court judges sharply questioned Trump's use of a sweeping emergency powers law to justify his sweeping tariffs of up to 50% on nearly all trading partners. Trump invoked the 1977 International Emergency Economic Powers Act to declare an emergency over the growing U.S. trade deficit and impose his 'reciprocal' tariffs and a separate fentanyl emergency. The Court of International Trade ruled in May that the actions exceeded his executive authority, and questions from judges during oral arguments before the U.S. Appeals Court for the Federal Circuit in Washington indicated further skepticism. 'IEEPA doesn't even say tariffs, doesn't even mention them,' Judge Jimmie Reyna said at one point during the hearing. CHINA DEAL NOT DONE U.S. Treasury Secretary Scott Bessent said the United States believes it has the makings of a trade deal with China, but it is 'not 100% done,' and still needs Trump's approval. U.S. negotiators 'pushed back quite a bit' over two days of trade talks with the Chinese in Stockholm this week, Bessent said in an interview with CNBC. China is facing an August 12 deadline to reach a durable tariff agreement with Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end escalating tit-for-tat tariffs and a cut-off of rare earth minerals.
Business Recorder
4 hours ago
- Business Recorder
US to refuse visas to Palestinian Authority officials
WASHINGTON: The United States said Thursday it would deny visas to Palestinian Authority officials, as US allies move to recognize Palestinian statehood. The sanctions come after several states, including France and Canada, announced they would recognize a Palestinian state at the UN General Assembly in September, infuriating Israel and the United States. The US visa denials could complicate attendance at the meeting by Palestinian leaders. France and Saudi Arabia sponsored this week a UN conference designed to resurrect the decades-old idea of a two-state solution, with the argument that only Israeli and Palestinian states co-existing side by side can bring peace to the Middle East. Trump's envoy arrives in Israel as Gaza criticism mounts The United States, which rejects any unilateral recognition of a Palestinian state, called the conference an insult to people killed in the October 7, 2023 Hamas surprise attack that triggered the ongoing Israeli military operation throughout Gaza. The State Department did not specify who was being targeted in this new action, only saying it would deny visas to 'members' of the Palestine Liberation Organization (PLO) and 'officials' from the Palestinian Authority (PA). The organizations are 'taking actions to internationalize its conflict with Israel such as through the International Criminal Court (ICC) and International Court of Justice (ICJ),' the State Department said in a statement. It also accused the groups of 'continuing to support terrorism including incitement and glorification of violence,' and of 'providing payments and benefits in support of terrorism to Palestinian terrorists and their families.' The United States in June announced sanctions against four judges at the ICC, saying their indictment of Israeli leaders over the war in Gaza was politically oriented. Israel's Foreign Minister Gideon Saar welcomed the new US sanctions, saying the gesture displayed 'moral clarity.' Palestinian Authority leader Mahmud Abbas has been widely recognized for years as a key partner in efforts to resolve the Israeli-Palestinian conflict. The PA is a civilian ruling authority in areas of the Israeli-occupied West Bank, where about three million Palestinians live – as well as around half a million Israelis occupying settlements considered illegal under international law. Hamas governs the Gaza Strip. The PLO is an umbrella grouping of Palestinian organizations but does not include Hamas, which took power in Gaza in 2007. Founded in 1964, it was led for decades by Yasser Arafat. Arab and Western countries want the currently weak Palestinian Authority to have some role in governing Gaza once the war ends. President Donald Trump is an unconditional supporter of Israel and has met at the White House three times with Prime Minister Benjamin Netanyahu since returning to power in January, even as Trump seeks an elusive ceasefire in Gaza. The United States has criticized the Palestinian Authority as ineffective and corrupt. Saar echoed the State Department, accusing the Palestinian Authority of paying 'terrorists' and their families for attacks against Israeli targets and of inciting people against Israel in schools, textbooks, mosques, and Palestinian media. 'This important action by President Trump and his administration also exposes the moral distortion of certain countries that rushed to recognize a virtual Palestinian state while turning a blind eye to the PA's support for terrorism and incitement,' Saar wrote on X.
