Trump announces 25% tariff on India
Mr. Trump posted about the tariffs on India on social media Wednesday morning, saying, "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country."
The president criticized India for buying energy products from Russia "at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE."
In a separate post, the president said, "WE HAVE A MASSIVE TRADE DEFICIT WITH INDIA!!!
When Mr. Trump met with Indian Prime Minister Narendra Modi at the White House in February, he said the U.S. would be increasing military sales to India and that the two countries had reached an agreement on oil and gas that would make the U.S. India's leading supplier.
Mr. Trump said Monday during a meeting with U.K. Prime Minister Keir Starmer that the most countries that did not reach trade deals with the U.S. by his administration's deadline of Aug. 1 would face a 15% to 20% tariff. Last week, he had mentioned a broader range of 15% to 50%. The European Union reached a trade agreement with the U.S. over the weekend, and Japan, the Philippines, Indonesia and U.K. also have trade deals with the U.S.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Kenvue meets profit estimates amid strategic review
(Reuters) -Kenvue reported a second-quarter profit largely in line with Wall Street estimates on Thursday, amid a strategic review at the consumer health company. The company posted an adjusted profit of 29 cents per share, compared with analysts' average estimate of 28 cents per share, according to data compiled by LSEG.
Yahoo
15 minutes ago
- Yahoo
West Point Gold Engages VRIFY to Accelerate Exploration and Unlock Discovery at Gold Chain Project
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce that it has engaged VRIFY Technology Inc. ("VRIFY"), the leading provider of AI-assisted mineral discovery and 3D project visualization, to support and accelerate its exploration efforts across its Gold Chain Project in Arizona. West Point will harness VRIFY's full suite of products to maximize the value of its extensive datasets to drive smarter, faster discovery outcomes. DORA, the world's only AI-Assisted Mineral Discovery Platform, will support the Company in identifying, ranking, and validating targets using artificial intelligence. Viz, VRIFY's dynamic 3D visualization tool, will transform stakeholder engagement and elevate the clarity of technical storytelling. "Our team has always prioritized visual storytelling," said Quentin Mai, President & CEO of West Point Gold. "Partnering with VRIFY allows us to take our project presentations to the next level and more effectively showcase the potential of our Gold Chain Project to investors and stakeholders." With a robust drilling database, strong geophysical coverage, and a large, highly prospective land package anchored by the advancing Tyro target, West Point is well-positioned to benefit from DORA's ability to synthesize complex geological data into high-confidence exploration targets. The Company is looking to maximize the return on shareholder capital by focusing exploration efforts where the probability of success is highest. "We believe the use of VRIFY's AI-Assisted Mineral Discovery Platform, DORA, should help us define and prioritize the many step-out targets we have at Gold Chain," said Derek Macpherson, Executive Chairman of West Point Gold. "The use of AI will allow us to more efficiently take advantage of the extensive early-stage geologic work we have completed to date, hopefully accelerating our exploration process as we work to demonstrate Gold Chain's full potential." VRIFY CEO and Co-Founder, Steve de Jong, added, "West Point is a great example of the forward-thinking teams we're excited to partner with. They understand that leveraging AI and modern visualization isn't optional anymore, it's how the next generation of discoveries will be made." With mineral exploration entering a new era driven by artificial intelligence, West Point Gold's adoption of VRIFY reflects a broader strategic shift towards data-driven discovery, capital efficiency, and maximizing per-share value creation for shareholders. About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. About VRIFY VRIFY is redefining mineral exploration by putting the power of AI into the hands of geoscientists. DORA, VRIFY's AI-Assisted Mineral Discovery Platform, empowers technical teams to leverage the industry's largest proprietary exploration dataset and mineral-system-specific AI models to identify, rank, and validate high-potential targets faster, and with greater confidence. A high-growth software company trusted globally by over 170 mineral exploration and mining companies, VRIFY is shaping a new era of exploration and discovery. Learn more at: For further information regarding this press release, please contact: Aaron Paterson, Corporate Communications ManagerPhone: +1 (778) 358-6173Email: info@ Stay Connected with Us:LinkedIn: (Twitter): @westpointgoldUSFacebook: FORWARD-LOOKING STATEMENTS: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Yahoo
15 minutes ago
- Yahoo
Gold Pares Gains After Kremlin Confirms Meeting With Trump
(Bloomberg) -- Gold pared gains as markets weighed prospects for a truce in Ukraine after the Kremlin confirmed Presidents Vladimir Putin and Donald Trump would hold talks in the next few days. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station Bullion traded near $3,373 an ounce after earlier rising as much as 0.8%. Russia's announcement came a day after Putin met with Trump's envoy, Steve Witkoff, for almost three hours as the US pushed for an end to the Ukraine war. Bloomberg earlier reported that the Kremlin is considering options including an air truce, falling short of committing to a total ceasefire. Any easing of geopolitical tensions can curb demand for haven assets, pulling gold prices down. Traders are also watching US relations with global trading partners — marked this week by tariff hikes on Indian goods — and the likely nomination of a temporary Federal Reserve governor who may be more aligned with Trump's monetary agenda. Lower rates typically boost gold, which doesn't pay interest. Bullion has climbed almost 30% this year, though the bulk of those gains occurred in the first four months as geopolitical and trade tensions rattled the market. Spot gold rose 0.1% to $3,372.70 an ounce as of 12:05 p.m. in London. The Bloomberg Dollar Spot Index slipped 0.1%. Silver and palladium gained, while platinum fell. The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Russia's Secret War and the Plot to Kill a German CEO AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery Government Steps Up Campaign Against Business School Diversity ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
