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Big Win For Russia? U.S. RETREATS After Putin-Trump Clash Amid Nuke Deployment

Big Win For Russia? U.S. RETREATS After Putin-Trump Clash Amid Nuke Deployment

Time of India6 hours ago
Donald Trump Aide Accuses India Of Funding Russia's War, Imposes Tariff As Modi Strikes Defiant Note
Tensions between India and the United States have intensified after a top aide to President Donald Trump accused India of "cheating" on trade, exploiting US immigration, and funding Russia's war in Ukraine through oil purchases. White House official Stephen Miller said Trump could use 'all options', diplomatic, financial, or otherwise, against India. The remarks, aired on Fox News, mark one of the most aggressive US postures against New Delhi in recent years. Yet, India has made it clear it won't back down. PM Modi responded by affirming India's sovereign right to energy security and slammed Trump's 25% tariff on Indian exports. He called for buying only what's made 'by the sweat of Indians.' Despite US pressure, Indian oil refiners remain free to source crude from Russia. As Trump pivots away from years of strategic goodwill with India, New Delhi is preparing for a broader geopolitical showdown, asserting national interest over foreign dictates.#donaldtrump #indiarussiaoil #usindiatradewar #trumptariffs #russianoilban #modivstrump #trumpadministration #usindiarelations #bricssummit #indianeconomy #geopolitics #globaltrade #modigovernment #putinwar #india #breakingnews #trending #bharat #toi #toibharat #indianews
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Why Noted American Economist Said U.S. Wants A ‘Weaker' India; How His Prediction On Trump And Trade Deal Is Now Coming True
Why Noted American Economist Said U.S. Wants A ‘Weaker' India; How His Prediction On Trump And Trade Deal Is Now Coming True

India.com

time12 minutes ago

  • India.com

Why Noted American Economist Said U.S. Wants A ‘Weaker' India; How His Prediction On Trump And Trade Deal Is Now Coming True

Washington/New Delhi: Sharing his views on India-U.S. trade relations, American economist Jeffrey Sachs expressed strong doubts about the possibility of a successful deal between the two countries. He said he would be very surprised if India managed to secure any trade deal with the United States because the U.S. government had no real interest in India's progress and aimed to keep the country weak. 'If India manages to strike a deal with the United States, I would be extremely surprised. This government (President Donald Trump's) does not care about India's well-being,' he told journalist Shweta Punj at the 'Rising Bharat Summit' hosted by Moneycontrol in April this year. Four months later, in August, the United States imposed a 25 percent tariff on Indian goods. The relationship between Washington and New Delhi has slid into a phase few predicted, but Sachs saw it coming. Once dismissed by some as exaggerated, his warning now feels eerily close to today's headlines. Trump's administration has made no secret of its stance, sanctions, public remarks criticising India's oil trade with Russia and repeated pressure over the India-Pakistan standoff. These moves, according to experts, chip away at India's autonomy and challenge the framework of sovereign diplomacy. India was among the few countries to engage early with Trump's White House for a trade agreement. The talks dragged on and nothing concrete emerged. The gap widened. Sachs tried to explain why, not with jargon but blunt words. 'America wants to use India against China. But make no mistake, this government has no interest in a stronger India,' he said. He asked people to trust what he had seen up close. 'Donald Trump is not going to open American doors to Indian manufacturers. This is a game and a strategic design to replace China, yes. But not with India,' he said. He called India a successful economy, not once but thrice. 'Very, very, very successful,' he said. He spoke of a future where India grows even stronger. In that future, Sachs said, America will not like what it sees, just as it does not like China now. Even if India opens its agriculture sector to U.S. companies, he said, the result would be the same. 'Trump will never let Indian goods flood the U.S. market. His whole idea is to block low-cost manufacturers. He is not going to let India replace China,' he said. Sachs did not stop at trade. He pointed to the larger structure, which is the global supply chain. 'They want India to help crush China. But they do not want India inside the system either. Not now. Not ever,' he added. He urged India to keep its options open. 'Never close the door to China or Russia because America's game is to prevent the rise of a strong India,' he said. Now, in August, his words feel less like a theory and more like a lived truth.

25% Donald Trump tariff likely to weigh on pharma margins: Analysts
25% Donald Trump tariff likely to weigh on pharma margins: Analysts

Business Standard

time12 minutes ago

  • Business Standard

25% Donald Trump tariff likely to weigh on pharma margins: Analysts

The impact on innovator contract research, development and manufacturing organisations (CRDMOs) would be relatively lower Sohini Das Mumbai Listen to This Article If pharmaceutical exports from India to the US come under a 25 per cent tariff bracket, the impact on earnings before interest, tax, depreciation and amortisation (Ebitda) could be around 5 per cent, felt analysts. This is after assuming that about 75 per cent of the tariff would be passed on. Kotak Institutional Equities said that assuming a 25 per cent tariff on Indian pharma firms and baking in a nil pass-through, there could be a 0-27 per cent earnings per share (EPS) impact on generic drug exporters.

Sin City in crisis? Las Vegas locals 'Freaking Out' as tourists vanish from the strip
Sin City in crisis? Las Vegas locals 'Freaking Out' as tourists vanish from the strip

Time of India

time12 minutes ago

  • Time of India

Sin City in crisis? Las Vegas locals 'Freaking Out' as tourists vanish from the strip

Las Vegas workers hit hard as fewer tourists visit Nevada's tip tax law offers little help without customers Live Events FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Las Vegas, once known for its busy streets and flashy casinos, is now shockingly quiet, with some calling it a 'ghost town' on social media. Photos and videos online show almost empty roads and casino areas—a huge change for a city famous for always being are panicking as tourism drops hard. Las Vegas workers say they're "starting to freak out" because fewer tourists means less income. Tips for service workers are down by 50%, according to a Wall Street Journal report published on July 26. This drop has badly hit people in the hospitality and entertainment industries, as stated by Wall Street recently passed a law removing tax on tips, which should have helped workers. But locals say it doesn't matter much when there are no tourists to give tips. Charlie Mungo, a Las Vegas tattoo artist, said Canadians once made up 30% of his customers—but now they're gone, as stated by Hindustan are skipping US travel and products as a protest against President Trump's 25% tariffs on Canadian goods, as per the user on X said, 'WOW! Look at Las Vegas! It's almost like a GHOST TOWN,' with a photo showing nearly empty roads. Another X user, Alex Cole, shared a photo of an empty resort lobby saying 'Las Vegas is dead bro…' He added that the streets were packed last year at the same numbers also show a clear dip. Visitor numbers in Las Vegas dropped during the first four months of 2025. Passenger traffic at Harry Reid International Airport is also down by 4% for domestic flights in the first half of 2025, compared to last year, as stated in the report by Hindustan Vegas is seeing fewer tourists due to high travel costs, Canadian boycotts, and overall drop in domestic workers say their tips have dropped by up to 50% because fewer visitors are coming to the city.

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