Trump pauses US-China tariff truce another 90 days
On Monday, Trump signed an executive order extending the deadline for higher tariffs on China until Nov. 9, CNBC reported, citing White House officials.
'We'll see what happens,' Trump told reporters at the White House. 'They've been dealing quite nicely – the relationship is very good with President Xi and myself.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
an hour ago
- Saudi Gazette
US warns of additional tariffs on India if Trump-Putin peace talks fail
MUMBAI — US Treasury Secretary Scott Bessent has warned that Washington could increase secondary tariffs on India. He said the decision would depend on the outcome of President Donald Trump's meeting with Russian counterpart Vladimir Putin in Alaska on Friday. "We've put secondary tariffs on Indians for buying Russian oil. And I could see, If things don't go well, then sanctions or secondary tariffs could go up," Bessent said in an interview to Bloomberg TV on Wednesday. Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia. The US has been trying to mediate a ceasefire between Russia and Ukraine, and on Wednesday, Trump warned of "severe consequences" if Moscow did not agree to a peace deal. Trump and Putin are set to meet in Anchorage on Friday to discuss how to end the war in Ukraine."President Trump is meeting with President Putin, and the Europeans are in the wings carping about how he should do it, what he should do. The Europeans need to join us in these sanctions. The Europeans need to be willing to put on these secondary sanctions," Bessent increased imports of cheap Russian crude since the Ukraine war have strained India-US relations and disrupted ongoing trade talks with oil made up 35% to 40% of India's oil imports in 2024 - up from 3% in has defended its purchases of Russian oil, arguing that as a major energy importer, it must buy the cheapest available crude to protect millions of poor Indians from rising comments come after he called India a "bit recalcitrant" on trade negotiations in an interview with Fox Business on says his tariffs are part of his administration's plan to boost the US' economy and make global trade has repeatedly called India a tariff abuser and is keen to trim a $45bn (£33bn) trade deficit with Asia's third largest negotiations between Delhi and Washington have been under way for several months, and are set to renew with US negotiators expected to arrive in India on 25 experts say India's refusal to reduce duties on agriculture and dairy products has been a major thorn in the new 50% tariff rate on India is set to come into effect on 27 August, which some experts have said is akin to an embargo on trade between the two makes India the most heavily taxed US trading partner in Asia and is expected to severely hamper its exports focused industries like textiles and jewellery, and could drag India's growth down by as much as half a percent. — BBC
Al Arabiya
an hour ago
- Al Arabiya
Russia, Ukraine exchange 84 prisoners each
Russia and Ukraine exchanged 84 prisoners each on Thursday, both sides said, the latest in a series of swaps that has seen hundreds of POWs released so far this year. This latest one came on the eve of a high-level summit between Russian President Vladimir Putin and US counterpart Donald Trump in Alaska on Friday. The Russian defense ministry said on Telegram that the United Arab Emirates had mediated the exchange and that the released Russian personnel were receiving 'psychological and medical assistance.' Ukrainian President Volodymyr Zelenskyy said on social media that among the exchanged prisoners were 'both military personnel and civilians,' some of whom had been 'held by the Russians since 2014, 2016, and 2017.' He said 'defenders of Mariupol' were also part of the swap, referring to a Ukrainian port city that fell to Russian forces in 2022 following a nearly three-month siege. Zelenskyy shared pictures of Ukrainian soldiers, smiling and draped in blue-and-yellow national flags. He said 'there will be more exchanges' of prisoners. Large-scale prisoner exchanges were the only tangible result of three rounds of peace talks between Russian and Ukrainian delegations in Istanbul between May and July. In their latest round of talks last month, Russia and Ukraine agreed to exchange 1,200 prisoners of war each. A Russian negotiator said that Moscow had also offered to hand Kyiv the bodies of 3,000 killed soldiers.
Al Arabiya
2 hours ago
- Al Arabiya
France's Macron says Trump open to security guarantees for Ukraine
French President Emmanuel Macron said US President Donald Trump expressed a willingness to European leaders on Wednesday that the United States and other allies should be part of giving Ukraine security guarantees to end Russia's war in Ukraine. Macron said Trump, in a call with European leaders and Ukrainian President Volodymyr Zelenskyy, had clearly ruled out Kyiv joining the NATO alliance, a key stumbling block in any peace deal with Russia. Macron, who is on holiday in the south of France, made the remarks on Wednesday to reporters at his summer residence. The transcript was released later that day by the presidential palace.
