
LIVE: House rules committee debates Trump's ‘one big, beautiful' tax & spending bill
The US House Rules Committee held a hearing on May 21 to discuss President Donald Trump's major tax and spending proposal, the 'One Big Beautiful Bill Act. ' During the one-hour session, lawmakers debated the bill's implications for the economy, taxation, and federal spending priorities.
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India Today
10 minutes ago
- India Today
Deep hostility toward Muslims: Iran slams Trump over US travel ban
Tehran on Saturday blasted US President Donald Trump's travel ban on countries including Iran, saying it showed "deep hostility" toward Iranians and Muslims."The decision to ban the entry of Iranian nationals - merely due to their religion and nationality - not only indicates the deep hostility of American decision-makers towards the Iranian people and Muslims but also violates... international law," a senior foreign ministry official said in a ministry statement posted on the X Iran on Saturday condemned new sanctions imposed by the United States targeting more than 30 individuals and entities Washington said are part of a "shadow banking" network linked to Tehran that has laundered billions of dollars through the global financial system. "The new US sanctions ..., are illegal and violate international law, and are further evidence of the deep and continuing hostility of the US ruling regime towards the Iranian people," foreign ministry spokesperson Esmaeil Baghaei said in a statement carried by state travel ban will bar citizens from 12 countries: Afghanistan, Myanmar, Chad, Congo Republic, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and ban, which Trump said was necessary to protect against "foreign terrorists", was reminiscent of a similar move he implemented during his first term in office from 2017 to 2021, when he barred travellers from seven Muslim-majority InMust Watch


Hindustan Times
2 hours ago
- Hindustan Times
India seeks exemption from US' 10% baseline tariff
The fate of the 10% baseline tariffs that the Trump administration invoked on imports from all countries on April 2 is among the issues now at the heart of negotiations between New Delhi and Washington as they attempt to hammer out an early tranche of the trade deal, people aware of the matter have said. Delhi is not in favour of replicating, as suggested by the American negotiators, the approach in the trade deal struck between the US and the UK, where British goods are still subject to the baseline tariffs, these people added. According to a person with direct knowledge of the discussions, Indian negotiators are pushing for their American counterparts to remove the baseline 10% rate as well as commit to assurances that the additional 16%, due to be implemented on July 9, will be left off. An American negotiating team led by assistant US Trade Representative Brendan Lynch 4 landed in Delhi on June for what is the fifth time negotiators from either side have gone to the other's capital for face-to-face talks. The American delegation is expected to be in Delhi till June 10, longer than the previously expected two-day visit. ALSO READ | India-US trade negotiations hit top gear, American delegation extends Delhi stay 'Ideally, both the 10% baseline tariff on Indian goods and the additional 16% from July 9 must end simultaneously after an interim deal is signed. Else, India will also have rights to continue proportionately similar tariffs on American goods till the time the US withdraws the entire 26% reciprocal tariff,' one of them said, citing a joint statement by the two countries' leaders issued on February 13 in Washington. While expounding 'Mission-500' to double bilateral trade to $500 billion by 2030 on February 13, the two leaders – Prime Minister Narendra Modi and President Donald Trump – in their joint statement mentioned the need for new 'fair-trade terms' that are 'mutually beneficial', the person said. A second person aware of the matter corroborated India's stance: 'Only a mutually beneficial deal would have a long life'. 'Both India and the US are sovereigns. One is the oldest democracy and the other is the largest democracy. While the US is the largest economy, India is the fastest growing major economy of the world. Hence, the deal must be balanced, equitable, fair and acceptable to their people,' the first person said. The second person added that India sees trade interests between both nations as being 'complementary and not competitive', hence New Delhi is open to giving greater market access to the American goods in the Indian market provided Washington reciprocates. 'The trade negotiations continue in New Delhi covering all these matters in a constructive manner as we speak and both sides are hopeful for a win-win,' he said. ALSO READ | Donald Trump claims India willing to cut 100% tariffs on US goods, 'but…' After UK industries faced American tariffs of 25% on all aluminium, steel and derivatives (announced on March 12), 25% tariff on passenger vehicles (announced on April 3), 25% tariff on automobile parts (beginning May 3), and a 10% baseline tariff on all imports (from April 5) – the UK and the US on May 8 announced an economic prosperity deal (EPD). The mini deal secured some concessions for the UK, but the 10% baseline tariff continued. Both partners are racing to conclude an interim, or regarded as an 'early harvest', deal before July 9, which will be followed by a wider first tranche of Bilateral Trade Agreement (BTA) by September-October 2025. After that a comprehensive BTA will be negotiated, they said. ALSO READ | How Donald Trump decided the tariff for India The current negotiations for an early harvest deal involve greater market access for goods by eliminating tariffs and non-tariff trade barriers, and improving supply chain integration, they said. The current New Delhi round is followed by a face-to-face negotiation between the two teams in the US. During that period, Union commerce and industry minister Piyush Goyal was also in the US from May 17-22 where he held meetings with his counterparts, US commerce secretary Howard Lutnick and USTR Jamieson Greer.

Hindustan Times
3 hours ago
- Hindustan Times
Trump travel ban shows ‘deep hostility' towards Iranians, Muslims, says Iran
Iran on Saturday lambasted US President Donald Trump's travel ban on countries, including Iran, and said that it showed "deep hostility" towards Iranians and Muslims. Iran's foreign ministry posted a statement on X quoting a senior official and said, "The decision to ban the entry of Iranian nationals - merely due to their religion and nationality - not only indicates the deep hostility of American decision-makers towards the Iranian people and Muslims but also violates... international law." Separately, Iran on Saturday slammed the new sanctions imposed by the United States targeting over 30 individuals and entities that Washington said are part of a "shadow banking" network linked to Tehran. It said that the network has laundered billions of dollars through the global financial system. "The new U.S. sanctions ..., are illegal and violate international law, and are further evidence of the deep and continuing hostility of the U.S. ruling regime towards the Iranian people," foreign ministry spokesperson Esmaeil Baghaei said in a statement, Reuters reported. Earlier on Wednesday, Trump issued a full-entry travel ban on nationals from 12 countries, including Afghanistan, Burma (Myanmar), Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen. Meanwhile, partial restrictions will also be enforced on Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela, limiting immigrant and non-immigrant visas due to high overstay rates or insufficient collaboration between law enforcement. The travel ban was justified by the White House, which cited Taliban control in Afghanistan, Iran and Cuba's state-sponsored terrorism, and Haiti's influx of illegal migrants during the Biden regime. Additionally, countries like Chad (49.54% B1/B2 visa overstay rate) and Eritrea (55.43% F/M/J overstay rate) were flagged for disregarding US immigration laws. 'We will restore the travel ban, some people call it the Trump travel ban, and keep the radical Islamic terrorists out of our country that was upheld by the Supreme Court," Trump had said. The travel ban was also upheld by the Supreme Court which ruled that 'it is squarely within the scope of Presidential authority' and noted that it is 'expressly premised on legitimate purposes'.