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Gunmen Involved In Indian Kashmir Tourist Attack Killed: Minister

Gunmen Involved In Indian Kashmir Tourist Attack Killed: Minister

Indian security forces have killed three Pakistani gunmen who were involved in an April attack on Hindu tourists in Indian Kashmir that led to an intense military conflict between the two countries, home minister Amit Shah said on Tuesday.
The heavily-armed men were killed in a military operation on Monday, more than three months after 26 people were gunned down in a popular resort town of Indian Kashmir on April 22.
"I want to tell the parliament (that) those who attacked in Baisaran were three terrorists and all three have been killed," he said.
Shah said all three were Pakistani nationals and identified two of them as members of Lashkar-e-Taiba, a UN-designated terrorist group based in Pakistan.
"Indian security agencies have detailed evidence of their involvement in the attack," he said in a speech in the lower house of parliament.
Monday's operation took place in the mountains of Dachigam, around 30 kilometres (18 miles) from the disputed region's main city of Srinagar, the army said in a statement.
The attack in April saw gunmen burst out of forests near Pahalgam and rake crowds of visitors with automatic weapons.
All those killed were listed as residents of India except one man from Nepal.
Survivors said gunmen had separated the men from the women and children and ordered some of the men to recite the Muslim declaration of faith.
India accused Pakistan of backing the attackers, a charge Islamabad denied, sparking an intense four-day conflict between the nuclear-armed rivals in May that killed more than 70 people on both sides.
Muslim-majority Kashmir has been divided between India and Pakistan since their independence from British rule in 1947, and the neighbours -- who both claim the region in full -- have fought two wars and several conflicts over its control.
Shah said a security meeting was held immediately after the attack and it was decided that the attackers should not be "allowed to leave the country and return to Pakistan".
Investigators relied on eyewitness accounts and forensic evidence to establish that the rifles found on the men were the same that were used in the April attack, he said.
"It was confirmed that these three rifles were involved in killing of our innocent civilians," said Shah.
A shadowy group called The Resistance Front (TRF) initially claimed responsibility for the April attack.
But as public criticism mounted over the killings, the group retracted its claim.
Earlier this month, the United States described the TRF as a "front and proxy" of Lashkar-e-Taiba.
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Trump tariffs send shock waves through global economy – DW – 08/01/2025
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Trump tariffs send shock waves through global economy – DW – 08/01/2025

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Trump tariffs send shockwaves through global economy – DW – 08/01/2025
Trump tariffs send shockwaves through global economy – DW – 08/01/2025

DW

time3 hours ago

  • DW

Trump tariffs send shockwaves through global economy – DW – 08/01/2025

Markets were down and some trade allies reacted with shock over US President Donald Trump's latest tariffs salvo. DW has the Swiss government said Friday it would negotiate with the United States to try to avoid the tough 39% US tariff rate that would harm key industries. On Thursday, Trump signalled Swiss imports would be taxed at 39%, higher than the 31% he threatened in April. President Karin Keller-Sutter told Reuters the 39% figure was much higher than expected. "The Federal Council is disappointed," she said. "It is a pity that there is a tariff that is much higher than what we negotiated." Although the pharmaceuticals sector was not included in the tariffs, the increased duties would have a "very bad" effect on the Swiss economy, she said. Pharmaceuticals constituted 60% of Swiss goods exports to the United States, followed by machinery and metalworking at 20% and watches at 8%. Although the pharmaceuticals sector was not affected by the tariffs, the increased duties would be "very bad" for the Swiss economy, Keller-Sutter said. The US is a major trading partner for Switzerland, accounting for 18.6% of its total exports last year, according to Swiss customs data. As other countries deal with the economic effects of negotiating with Donald Trump, the US president's attention is focused at home on Federal Reserve Chair Jerome Powell. He urged the Fed's board to "assume control" if Powell does not lower interest rates. "Jerome 'Too Late' Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!" Trump wrote on a social media post, using his customary capitalization for emphasis. The Federal Reserve kept rates steady on Wednesday, and Powell said the central bank needed to wait for more data before deciding whether to adjust rates at their next meeting, in September. The rate decision was made by a 9-2 vote, with two Fed governors dissenting for the first time in more than 30 years. Trump nominated Powell to be Fed Chair in 2018, but the president has been escalating his ongoing feud with the central bank head ever since returning to office in January. India is in trade talks with the United States to avoid a 25% tariff on Indian exports announced by President Donald Trump. A US delegation is expected in New Delhi later this month, a source told the Reuters news agency. "We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward," India's foreign ministry said in a statement. Analysts warn the tariffs could hit $40 billion in Indian exports and strain ties with the key US ally in Asia. On Wednesday, Trump also threatened to impose more penalties on India due to its trade with Russia and its membership in BRICS, a group of major emerging economies. European stocks fell to a four-week low Friday as investors reacted to sweeping new US tariffs. President Donald Trump announced steep levies on exports from dozens of trading partners, including a 39% tariff on Swiss goods, ahead of a key trade deal deadline. The new rates are set to take effect August 7, but uncertainty remains over what Trump might do next. The pan-European STOXX 600 index dropped 1.3%, with Germany's DAX and Denmark's OMXC also posting sharp losses. Healthcare shares led the decline, falling sharply after Trump urged 17 major pharmaceutical firms to cut US drug prices. Denmark's Novo Nordisk plunged nearly 5%, hitting a four-year low. Meanwhile, the US dollar headed for its strongest weekly performance in nearly three years against other major currencies. A large part of the dollar's strength is due to investor belief that Trump's tariffs have not harmed the US economy so far and have not significantly raised inflation. South Africa is facing 30% tariffs on its US exports, after failing to secure a trade deal before Donald Trump's deadline. The country's automotive industry, which employs 115,000 people, now fears major job losses. DW's Dianne Hawker reports. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Following the announcement that the Trump tariffs will come into effect on August 7, rather than August 1 as previously announced, South Africa has said it will use the coming week to strike a new deal. The African country is currently facing a 30% tariff rate. Central bank governor Lesetja Kganyago has estimated the tariffs could cost 100,000 jobs. "Within the window that's still open, we're hoping that we will find a way to settle this matter," Ramaphosa told journalists. "So intensive negotiations are now under way," he said. "Our task is to negotiate as strongly and as hard as we can with the United States," he said. "Our objective, really, is to save jobs." The US is South Africa's second-biggest trading partner, after China, but Pretoria has said it will seek to boost its export markets, with Ramaphosa saying "it is too risky just to focus on one." The Trump administration has taken a particularly aggressive stance against South Africa since taking office, cutting vital aid and accusing it, without credible evidence, of committing genocide against white farmers. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The Trump administration has decided to lower the so-called "reciprocal" tariffs on Malaysia from 25% to 19%, both countries have confirmed. The Malaysian government welcomed the "positive outcome". "This decision by the United States reflects the strong and enduring economic ties between our two nations," Trade and Industry Minister Zafrul Abdul Aziz said. The Indian government is likely to cancel its defense deal with the US after the Trump administration's decision to levy a higher tariff rate of 25% to Indian exports. According to a Bloomberg report, India has informed the US that it is not keen to buy the F-35 stealth fighter jets, which Donald Trump had proposed to sell to India during Prime Minister Narendra Modi's visit to the US in February this year. However, India's decision to cancel the deal has not been confirmed and Delhi has said it is looking to deepen trade talks with Washington as open as possible. Prime Minister Mark Carney said Canada is "disappointed" by Trump's decision to go through with the tariff hike. US duties and tariffs will heavily affect lumber, steel, aluminum, and automobiles, Carney said in a statement. To justify the step, the US cited the cross-border flow of the highly addictive and deadly drug fentanyl, even though Canada accounts for just 1% of US fentanyl imports and has been working intensively to further reduce the volumes, Carney added. Carney said his government will diversify Canadian export markets and strengthen domestic investment in order to make "Canada strong." "Canadians will be our own best customer," Carney said, adding that "we can give ourselves more than any foreign government can ever take away by building with Canadian workers and by using Canadian resources to benefit all Canadians." While Japan has welcomed the newly announced reciprocal tariff rates of 15% — down from the threatened 25% — it said that it will continue to discuss levies on auto exports, which were already facing 25% tariffs. As the third-largest auto manufacturer in the world, Japan now wants to know when those duties might be lowered. Japan "will continue to call on the US side promptly to take measures to implement the recent agreement, including reducing tariffs on automobiles and auto parts," government spokesman Yoshimasa Hayashi said Friday. Confusion also surrounds Trump's claim that Japan — as a "signing bonus" — will invest $550 billion (€482 billion) in America, which will recoup 90% of the profits. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Sri Lanka will continue trade dialogue with US officials, the South Asian nation's treasury secretary said on Friday after President Donald Trump announced a 'reciprocal' tariff of 20% on imports from the country. The island nation "remains positive" that Sri Lanka and the US can reach a mutually beneficial situation on tariffs, the official told the journalists. He said that he "is hopeful Sri Lanka can maintain regional and international competitiveness with these tariffs." Trump administration's decision to levy 15% tariff on New Zealand, has prompted Trade Minister Todd McClay to seek a meeting with US trade representatives and lobby for lower tariffs. It's an increase from the original 10% baseline announced for New Zealand in April. He said New Zealand seems to have been targeted with a larger tariff because the country records a trade deficit with the US, but that the gap of about half a billion dollars each year was "not significant or meaningful." "We don't think this is a good thing. We don't think it's warranted," McClay told Radio New Zealand Friday. "I am seeking an urgent call with the US Trade Representative to make New Zealand's position clear: this increase risks harming exporters and consumers of both countries," he said in a statement. US firms now face an average tariff of 0.8% when exporting to New Zealand, according to McClay. New Zealand exports about 9 billion New Zealand dollars ($5.3 billion, €4.6 billion) of goods each year to the United States, its second largest market after China, meaning the increase would be "considerable" for exporters, he added. Taiwan President Lai Ching-te said Friday that the new 20% US tariff on goods from the island is a temporary measure and that his government is working to secure a more favorable rate. "The 20% tariff rate was never Taiwan's target to begin with. We will continue negotiations and strive for a rate that's more favourable for Taiwan," Lai told reporters at a press briefing. The tariff was part of a broader executive order signed Thursday by US President Donald Trump, which imposed duties ranging from 10% to 41% on imports from dozens of countries. While the 20% rate for Taiwan is lower than the 32% initially threatened in April, it is higher than the 15% applied to Japan, South Korea, and the European Union. Taiwan recorded the sixth-largest trade surplus with the US last year, exporting about $74 billion more than it imported, according to official figures. The governments of two Southeast Asian countries, Thailand and Cambodia, welcomed the 19% levy Washington announced for them, which are substantially lower than the rates Trump had previously announced. In April, Trump announced "discounted reciprocal tariffs" of 36% on Thai goods and 49% on Cambodian products. "This is the best news for the people and economy of Cambodia to continue to develop the country," Cambodia's Prime Minister Hun Manet wrote in a Facebook post. A Thai government spokesperson, meanwhile, called it a "major success." "This finalized deal, setting US import tariffs at 19%, marks a major success for Thailand," Thai government spokesman Jirayu Huangsab said in a statement. "It represents a win-win approach aimed at preserving Thailand's export base and long-term economic stability." The tariff announcement came days after the US president intervened to help broker a ceasefire between Thailand and Cambodia following days of heavy border clashes between the two neighbors, which left over 40 people dead and hundreds of thousands displaced. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video US President Donald Trump signed an executive order raising tariffs on Canadian goods to 35% from 25% on all products not covered by the US-Mexico-Canada (USMCA) trade agreement, the White House said. It added that goods transshipped to another country to evade the new tariffs will be subject to a transshipment levy of 40%. The increased tariff was the result of Canada's "continued inaction and retaliation," Washington said. "We haven't spoken to Canada today. He's [Canadian Prime Minister Mark Carney] called and we'll, we'll see," Trump told reporters during an event at the White House before the 35% rate was announced. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The new tariffs on Canadian goods will be imposed on Friday.

Why are the US and Pakistan making an oil deal? – DW – 08/01/2025
Why are the US and Pakistan making an oil deal? – DW – 08/01/2025

DW

time3 hours ago

  • DW

Why are the US and Pakistan making an oil deal? – DW – 08/01/2025

Pakistan is not known to have "massive" oil reserves like those lauded by Donald Trump. But by expanding agreements on trade, and energy, Washington and Islamabad are laying the groundwork for closer geopolitical ties. US President Donald Trump on Wednesday announced a new agreement for the joint development of Pakistan's oil reserves, as both countries work on expanding trade and economic ties. "We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves," Trump posted on his Truth Social platform. It wasn't immediately clear what "massive" oil reserves Trump was referring to. Oil is Pakistan's largest import item, accounting for nearly 20% of Pakistan's total import bill, according to central bank data. Most of that oil comes from the Middle East. Nevertheless, Trump's called the deal "a significant beginning" to a potential long-term energy partnership. The energy partnership was unveiled by Trump before the White House on Thursday announced a broader trade agreement with Pakistan, and soon thereafter a 19% tariff rate on Pakistani imports to the US. This is lower than the previous rate of 29% Both countries also hailed the US-Pakistan trade agreement. Pakistan Prime Minister Shehbaz Sharif called it a "landmark deal" that would "enhance our growing cooperation." The Finance Ministry said the deal marked the "beginning of a new era of economic collaboration especially in energy, mines and minerals, IT, cryptocurrency and other sectors," On Friday, Pakistan welcomed the new, lowered, tariff rate, with the Finance Ministry calling it a " balanced and forward-looking approach" from the US. "This development marks an intriguing shift in Pakistan–US relations; from a traditionally geopolitical and strategic partnership toward a more economically focused cooperation," Azeem Khalid, a New York based international affairs expert, told DW. Pakistan's tariff rate is also lower than the 25% imposed on arch-rival neighbor India. In announcing the oil deal, Trump took a jab at New Delhi, quipping that India could one day buy Pakistani oil. "Who knows, maybe they'll be selling oil to India someday!" To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video However, it seems that as of now, oil is flowing in the opposite direction. On Friday, Reuters news agency reported that Pakistan's largest oil refiner, Cnergyico, said it would import 1 million barrels of US crude oil in October via its trading partner, Vitol, a Dutch energy and commodity trading company. "If it is commercially viable and available, we could import at least one cargo per month," Cnergyico's Vice Chairman Usama Qureshi told Reuters. As for Pakistani oil, before this deal, Pakistan made several unsuccessful attempts at offshore exploration in the offshore Indus basin. Estimates of Pakistan's proven recoverable conventional crude oil reserves range from 234 million to 353 million barrels, positioning the country approximately 50th in the world in terms of oil reserves. Untapped oil reserves are believed to be located in Balochistan, with additional prospects in Sindh, Punjab, and Khyber Pakhtunkhwa. As the center of an armed insurgent movement that frequently carries out attacks, developing resources in Balochistan presents security problems. Baloch insurgents perceive resource extraction as a form of economic exploitation by Pakistan's federal government and frequently target these kind of projects with attacks. According to trade law expert Osama Malik, extraction of oil from Balochistan could further alienate a population that is already disgruntled at the exploration of the province's mineral resources by China. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Experts have expressed cautious optimism about the recent deal, as it may attract investment, introduce advanced extraction technologies, and facilitate new field surveys. However, actual extraction of petroleum products remains uncertain without confirmed reserves and the necessary infrastructure in place. "When American companies establish a presence in Balochistan, it is anticipated that the insurgency will not be at its peak," Qamar Cheema, a security analyst, told DW. "As support for these groups diminishes it will lead to a reduction or potential elimination of the insurgency," he added. The US has strategic interests in Balochistan due to its proximity to Iran and Afghanistan. "Washington is focused on establishing a presence in Balochistan, which is rich in minerals and holds significant strategic value due to its proximity to Iran," Cheema said. Washington views Balochistan as a potential monitoring and pressure point for Iranian activities, particularly amid ongoing tensions regarding Iran's nuclear program and its regional influence. The agreement also carries potential implications as Washington aims to reduce Pakistan's growing reliance on China. "Islamabad will also have to balance between the considerable Chinese investment in the energy and mineral sector and future investment by the US," said trade law expert Malik. China is investing billions into developing rail and road links in Pakistan. The $65 billion China-Pakistan Economic Corridor (CPEC) project is intended for shipping Chinese goods via the Xinjiang region across the mountain border through Pakistan and into the Arabian Sea at Balochistan's Gwadar port. "From China's perspective, the entry of US companies into Pakistan's resource exploration sector presents a competitive challenge to Chinese oil and mineral firms. Yet, considering the historical depth of Pakistan–China relations, this situation may serve as a diplomatic bridge rather than a point of contention," said international affairs expert Azeem Khalid. Security expert Cheema, believes Pakistan relies on China for military equipment and on the United States for macroeconomic stability, particularly through the IMF. "This deal is likely to strengthen the economic partnership between Pakistan and the US. Additionally, the US seeks to establish an alternative ally in the region other than India," said Cheema.

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