China loosens urea exports to India in sign of thawing tensions
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Hindustan Times
4 minutes ago
- Hindustan Times
After Harvard, George Washington University becomes latest battleground in Trump's campus crackdown
China has halted all engagement with Czech Republic President Petr Pavel following his meeting with the Dalai Lama, which Beijing claims undermines its sovereignty. The Chinese Foreign Ministry expressed strong opposition and lodged a diplomatic protest, stating Pavel's actions contradict commitments made by the Czech government. This meeting marks the first by a sitting head of state with the Dalai Lama in India.
India.com
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- India.com
Oil, Tariffs And A Tightrope: Is India Risking US Ties To Keep Russia Close?
New Delhi: The United States has hit India with steep new tariffs, turning a once-warm trade partnership into a tense standoff. At the centre of the dispute is New Delhi's decision to keep buying discounted Russian oil, a move that Washington says undermines its sanctions policy. The shift has led to a wider global realignment: allies facing friction and rivals finding common ground. President Donald Trump's tariff-heavy strategy is blurring the line between friend and competitor. Signs of a broader geopolitical realignment are also visible. For the first time since the 2020 Galwan Valley clash, Prime Minister Narendra Modi is considering attending the Shanghai Cooperation Organisation (SCO) summit, which China is hosting this year. Russia remains a long-standing ally, but closer ties with Beijing carry strategic and economic risks. Diplomatic sources suggest that Modi's potential presence at the SCO would be read in Washington as a signal that India is willing to engage more with blocs where the United States has little sway. India's trust deficit with China remains deep. Border disputes, military skirmishes and Beijing's open support for Pakistan during Operation Sindoor have left a legacy of mistrust. Russia's growing dependence on China could further reduce India's influence in the region. Analysts emphasise that Moscow's military cooperation with Beijing, including joint patrols in the Sea of Japan and advanced technology transfers, has added to New Delhi's unease. The trade imbalance adds another layer of concern. India's deficit with China has crossed $100 billion in FY 2024-25, up from $85.09 billion the previous year. By contrast, the U.S. relationship brings a surplus of over $35 billion, with bilateral trade valued at $119.71 billion in 2023-24. Washington has repeatedly highlighted this surplus as proof that it remains a more beneficial trade partner for India, even as it warns that continued Russian oil imports could jeopardise preferential market access. Analysts warn that closer alignment with Russia and China could strain India's relations with the West. The United States and its allies view both nations as strategic rivals. India's engagement with them may invite further economic restrictions and weaken platforms like the Quad, which includes the United States, Japan and Australia. Conversations in Washington policy circles have questioned India's reliability as a Quad partner, especially if it moves towards energy and defence agreements that align with Chinese and Russian interests. While Russia has been a dependable partner for decades, the Ukraine conflict has bound it tightly to China, which is now its largest trading partner. This dynamic could leave India as a secondary priority for Moscow. India is benefiting in the short run in energy sector by purchasing Russian crude at a discount of up to $8-10 per barrel, but strategists warn that these savings could be erased if Western tariffs expand to cover more sectors. India's next moves require careful calculation. Each decision carries significant long-term consequences, not only for its trade but also for its place in the shifting global power structure. A senior Indian diplomat put it privately, 'This is no longer just about oil. It is also about choosing which world order we want to belong to, and that choice will define the next two decades.'
Economic Times
4 minutes ago
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Trump vs CEOs: Elon Musk, Apple's Tim Cook to Goldman Sachs CEO David Solomon - Full list of prominent Corporate executives whom Donald Trump has publicly blasted
Reuters David Solomon, CEO of Goldman Sachs. (Reuters photo) U.S. President Donald Trump on Tuesday criticized Goldman Sachs CEO David Solomon for the bank's take on the potential impact of tariffs on the economy, as the president's tiff with corporate America's bigwigs widens. Trump had last week demanded that Intel's CEO Lip-Bu Tan resign immediately in what was a rare presidential attempt to determine who leads a company, and the president has been vocal about his complaints concerning corporate policies and operations since he took office in are some prominent CEOs and businesses that Trump has publicly criticized: DAVID SOLOMON, CEO, GOLDMAN SACHS Trump criticized Solomon in a post on Truth Social. Goldman Sachs Economics Research in a note published on August 10 said that U.S. consumers had absorbed 22% of tariff costs through June and their share will rise to 67% if the recent levies follow the same pattern as the earliest ones. However, Trump responded that it was mostly "companies and governments, many of them foreign, picking up the tabs", and that "David Solomon and Goldman Sachs refuse to give credit where credit is due." LIP-BU TAN, CEO, INTELTrump's demand for the Intel CEO's departure came after Reuters reported exclusively in April that Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms, some of which were linked to the Chinese military."The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump said in a post on his Truth Social responded to Trump late on Thursday, saying he shared the president's commitment to advancing U.S. national and economic security and that the Intel board was "fully supportive of the work we are doing to transform our company." ELON MUSK, CEO, TESLA The billionaire tech CEO spent hundreds of millions of dollars supporting Trump's re-election, a move investors who bid up Tesla stock expected to benefit Musk's and Musk, however, had a falling out early in June after Musk criticized Trump's sweeping tax-cut and spending bill, because it is projected to increase federal responded to Musk's attack on Truth Social, threatening to cut federal subsidies and contracts to Musk's companies and saying the billionaire "just went CRAZY" after losing the EV mandate in the early July, Trump messaged, "Perhaps we should have DOGE take a good, hard, look at (Musk's contracts)?" Days later, Musk announced the formation of a centrist America Party. The President responded to Musk's move, calling him a "train wreck." ADRIAN MARDELL, FORMER CEO, JAGUAR LAND ROVER Trump criticized Jaguar's rebranding effort in August, calling the campaign "woke" and "stupid," and linking it to the departure of the company's remarks from Trump came as the British carmaker, now owned by India's Tata Motors, announced the retirement of CEO Adrian Mardell, who spent more than three decades at the last year unveiled a new logo and visual identity as part of a broader brand refresh aimed at repositioning itself as an all-electric automaker, a move that drew sharp online backlash and criticism from brand loyalists. TIM COOK, CEO, APPLE Trump has repeatedly targeted Apple and its boss, Cook, for making U.S.-sold iPhones outside the country and has threatened company-specific May, Trump recalled after a meeting in the Qatari capital Doha, that he had confronted Cook about shifting production to India, amid the company's plans to make most of its iPhones sold in the U.S. at factories in India by the end of had said in a social media post that he told Cook "long ago" that "I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else."Trump threatened Apple in May with a 25% tariff on products manufactured overseas. Apple is already reeling from Trump's tariff war, warning that tariffs would add $1.1 billion in costs in the July-September quarter after costing the company $800 million in the June this week, though, Trump announced Apple would invest an additional $100 billion in the U.S., raising Apple's total domestic commitment to $600 billion over the next four years. Cook also gave Trump a U.S.-made souvenir with a 24-karat gold base. JEFF BEZOS, CEO, Trump called Bezos in April to complain about a news report that said the company planned to display prices showing tariffs' impact on ecommerce giant However, Amazon said it had only briefly considered listing import charges for some goods in April following Trump's tariff announcement but dropped the plan as the White House accused the company of a "hostile political act." Trump later told reporters that Bezos had solved the problem "very quickly" and was "very nice." BRIAN MOYNIHAN, CEO, BANK OF AMERICA JAMIE DIMON, CEO, JPMORGAN CHASE Trump alleged BofA CEO Brian Moynihan and JPMorgan Chase CEO Jamie Dimon discriminated against him and his supporters. In January, Trump accused both Moynihan and Dimon of not providing banking services to conservatives, echoing Republican complaints about the industry."What you're doing is wrong," Trump said, in a video address at the World Economic Forum in Davos, Switzerland. Trump did not cite evidence or specifics of any wrongdoing, in a question-and-answer session with corporate leaders and CEOs assembled on also referenced JPMorgan's Dimon. "You and Jamie and everybody, I hope you're gonna open your bank to conservatives." Trump said in an interview with CNBC earlier in August, "When I called him (Moynihan) after I was president to deposit a billion dollars plus and a lot of other things, more importantly, to open accounts, he said, 'We can't do it. No, we can't do it.'" Both lenders have denied the allegations of "debanking" on multiple occasions. DOUG MCMILLON, CEO, WALMART Trump said in May that Walmart and China should "eat the tariffs" and not burden American shoppers, after Walmart CEO Doug McMillon said the retailer could not absorb all tariff-related costs because of narrow retail margins."Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected," Trump said in a social media Trump did not call out McMillon personally, he publicly criticized Walmart for attributing its price hikes in May to tariffs imposed by his administration. Q1. Who is Apple CEO?A1. Apple CEO is Tim Cook. Q2. Who is Walmart CEO? A2. Walmart CEO is DOUG MCMILLON.
