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Straits Times
27 minutes ago
- Straits Times
Trump says he's readying more tariffs on Russian energy buyers, including China
Sign up now: Get ST's newsletters delivered to your inbox US President Donald Trump's latest remarks came after he said he would raise levies on Indian exports within 24 hours. WASHINGTON - US President Donald Trump suggested he would impose increased tariffs on additional countries buying energy from Russia – including China – after saying earlier on Aug 5 that he would raise levies on Indian exports within 24 hours. 'We'll be doing quite a bit of that,' Mr Trump said when asked if he would follow through on a previous threat to impose tariffs on additional countries, including China. 'We'll see what happens over the next fairly short period of time.' Mr Trump also claimed that he 'never said a percentage' that he would impose on Russian trading partners. Earlier in August, Mr Trump told reporters he planned to do 'very severe tariffs if we don't have a deal in 50 days, tariffs at about 100 per cent'. That rhetorical retreat suggests Mr Trump may not intend to follow through on the full extent his previous threats. 'We have a meeting with Russia tomorrow,' Mr Trump said. 'We're going to see what happens. We'll make that determination at that time.' US special envoy Steve Witkoff is expected to travel to Russia for meetings this week with Russian officials, ahead of Mr Trump's Aug 8 deadline for Moscow to reach a truce with Ukraine. Top stories Swipe. Select. Stay informed. Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Singapore BlueSG needs time to develop software, refresh fleet, say ex-insiders after winding-down news Asia Cambodia-Thailand border clash a setback for Asean: Vivian Balakrishnan Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Doctor hounded ex-girlfriend, threatened to share her intimate photos, abducted her off street Asia Trump's transactional foreign policy fuels 'US scepticism' in Taiwan Business Women on corporate boards give firms a competitive advantage, says Australian Governor-General Singapore CEO of sports car distributor accused of offences including multiple counts of false trading Ukraine's allies have said energy purchases by countries, including China and India, have helped to prop up Russian leader Vladimir Putin's economy and undercut pressure on Moscow to end a war that is now in its fourth year. In an interview with CNBC earlier on Aug 5, Mr Trump indicated he would push forward with escalated tariffs on India in particular. 'We settled on 25 per cent but I think I'm going to raise that very substantially over the next 24 hours, because they're buying Russian oil,' Mr Trump said. 'They're fuelling the war machine. And if they're going to do that, then I'm not going to be happy.' At the same time, Mr Trump said he was 'getting very close to a deal' with China to extend the trade truce that saw the two countries agree to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies. BLOOMBERG
Straits Times
27 minutes ago
- Straits Times
Canadian minister hails 'productive' Mexico meeting as US tariffs loom
Sign up now: Get ST's newsletters delivered to your inbox Mexico's President Claudia Sheinbaum, Canada's Finance Minister Francois-Philippe Champagne, and Canada's Foreign Minister Anita Anand pose for a picture in Mexico City, in this undated handout photo obtained by Reuters on August 5, 2025. Mexico Presidency/Handout via REUTERS MEXICO CITY/TORONTO - Top Canadian ministers held a "productive" meeting with Mexican President Claudia Sheinbaum and some of her top officials during a visit to Mexico City on Tuesday, Canada's top diplomat said, as the two nations navigate a volatile tariff environment. Mexico's economy minister had signaled earlier in the day that talks would cover the two countries' policies in response to a volley of tariff announcements from U.S. President Donald Trump. The three countries have tightly bound economies. Canadian Foreign Minister Anita Anand said in a post on X that she and Finance Minister François-Philippe Champagne had spoken with Sheinbaum to reaffirm bilateral ties. Anand also met with her Mexican counterpart Juan Ramon de la Fuente, she said. "These discussions with the president and members of her government advanced key shared priorities in terms of economic growth, security and trade diversification," she added. Mexico's Economy Minister Marcelo Ebrard said earlier in the day that he was also set to speak with Champagne about the two countries' experiences in dealing with tariffs imposed on goods shipped to the United States. "They want to know how Mexico is getting these results," Ebrard told journalists. Top stories Swipe. Select. Stay informed. Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Singapore BlueSG needs time to develop software, refresh fleet, say ex-insiders after winding-down news Asia Cambodia-Thailand border clash a setback for Asean: Vivian Balakrishnan Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Doctor hounded ex-girlfriend, threatened to share her intimate photos, abducted her off street Asia Trump's transactional foreign policy fuels 'US scepticism' in Taiwan Business Women on corporate boards give firms a competitive advantage, says Australian Governor-General Singapore CEO of sports car distributor accused of offences including multiple counts of false trading Mexico was able to avoid 30% tariffs on its shipments to the U.S. set to come into force last week, securing a 90-day pause to work on a trade deal with the government of U.S. President Donald Trump. Meanwhile, Trump slapped a 35% duty on many goods coming from Canada, hiking the rate from a 25% fentanyl-related tariff imposed earlier this year. "We're going to exchange experiences," Ebrard said. "They're paying a 35% tariff, and Mexico isn't." Mexico is still subject to the previously imposed 25% fentanyl tariffs, though goods sent under the United States-Mexico-Canada (USMCA) trade agreement - which are most of them - are exempt. Trump has said 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 the non-USMCA-compliant goods. Mexican President Claudia Sheinbaum met with the Canadian finance minister, Francois-Philippe Champagne, as well as Foreign Minister Anita Anand, earlier in the day at Mexico's national palace. "We're strengthening the relationship between our countries," she said in a post on X. REUTERS
Straits Times
an hour ago
- Straits Times
US requires Zambia, Malawi citizens to pay up to $15,000 bond for some visitor visas
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: Travellers are seen at the Delta Airlines check-in area at John F. Kennedy International Airport (JFK) in New York City, U.S., May 7, 2025. REUTERS/Jeenah Moon/File Photo WASHINGTON - President Donald Trump's administration will require visa applicants from Zambia and Malawi to pay bonds up to $15,000 for some tourist and business visas under a pilot program launching in two weeks, the State Department said on Tuesday. "Starting August 20, 2025, any citizen or national traveling on a passport issued by one of these countries who is found otherwise eligible for a B1/B2 visa must post a bond in amounts of $5,000, $10,000, or $15,000, determined at time of visa interview," the State Department said in a notice on its website. A notice about the program, which gives U.S. consular officers worldwide the discretion to impose bonds on visitors from countries with high rates of visa overstays, appeared on the Federal Register on Monday but no country names had been mentioned. A State Department spokesperson on Monday said countries would be identified based on "high overstay rates, screening and vetting deficiencies, concerns regarding acquisition of citizenship by investment without a residency requirement, and foreign policy considerations." The spokesperson, speaking on the condition of anonymity, said the list of countries may be updated from time to time. The bond amount will be returned to the applicant if the applicant leaves the U.S. within the allowed window of time in line with their visa and complies with all the terms of their visa status. President Donald Trump has made cracking down on illegal immigration a focus of his presidency, boosting resources to secure the border and arresting people who are in the U.S. illegally. Top stories Swipe. Select. Stay informed. Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Singapore BlueSG needs time to develop software, refresh fleet, say ex-insiders after winding-down news Asia Cambodia-Thailand border clash a setback for Asean: Vivian Balakrishnan Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Doctor hounded ex-girlfriend, threatened to share her intimate photos, abducted her off street Asia Trump's transactional foreign policy fuels 'US scepticism' in Taiwan Business Women on corporate boards give firms a competitive advantage, says Australian Governor-General Singapore CEO of sports car distributor accused of offences including multiple counts of false trading He issued a travel ban in June that fully or partially blocks citizens of 19 nations from entering the U.S. on national security grounds. Numerous countries in Africa, including Burundi, Djibouti and Togo, also had high overstay rates, according to U.S. Customs and Border Protection data from fiscal year 2023. Visa holders who have posted a visa bond must arrive and depart the United States via three specific ports of entry, the State Department notice said on Tuesday. It listed those as Boston Logan Airport, John F. Kennedy International Airport in New York and Washington Dulles Airport. It warned that if such travelers arrive or depart from anywhere else, they could be denied entry or their departure may not be appropriately registered. REUTERS
