Trump says global tariff rates likely to be set at 15% to 20%
In a video posted on social media, Trump said, 'For the world, I would say it'll be somewhere in the 15 to 20 per cent range. Probably one of those two numbers.'
He made the remarks during a press appearance in Scotland alongside UK Prime Minister Keir Starmer.
The new figure represents a rise from the 10 per cent baseline tariff he announced in April. Trump said the plan aims to simplify trade policy with countries that have yet to reach bilateral deals with the United States.
This is a developing story refresh for more updates
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
9 minutes ago
- Indian Express
Bengal Chief Electoral Officer of Bengal orders probe into Form 6 disposals; Suvendu calls it ‘scandalous betrayal of democracy'
Chief Electoral Officer (CEO) of West Bengal Manoj Agarwal has written to all district administrations directing District Election Officers to form teams of senior officers and conduct sample checking of all Form 6 disposals – which are used to add names to voters' lists – made in the last year. The report is to be submitted to the CEO's office by August 14. In the letter, Agarwal stated: 'It has been revealed during sample checking of disposal of forms received during continuous updation that in some cases provisions of the Registration of Electors' Act, 1960 are not being followed.' The letter further noted: 'Sample checking of less than 1% Form 6 disposals by EROs during continuous updation has revealed that two (2) of them had accepted a considerable number of Form 6 for fictitious voters. In all these cases BLOs verification was dispensed with, without any apparent urgency/requirement and similar documents were captured for a large number of application forms and their verification reports. Both the EROs have since admitted that they had provided user access to the ERO next to the AERO/OC Election in BDO Office/ Casual Data Entry Operators who had thereafter disposed of the Form 6 applications.' The CEO has also directed DEOs to ensure that OC Election staff in BDO offices and casual or daily-wage contractual data entry operators are not involved in the disposal of Forms 6, 7, or 8, or in carrying out any functions in ERONet. Reacting to the letter, Leader of the Opposition in the Assembly and BJP leader Suvendu Adhikari posted on X: 'This latest memo from the Chief Electoral Officer of West Bengal to all the District Election Officers (DMs) exposes a scandalous betrayal of democracy.' He said: 'Fictitious Voters added to the rolls and unauthorized meddling by Casual Data Entry Operators IS THE DEPTH OF CORRUPTION UNDER MAMATA BANERJEE'S RULE. Booth Level Officers pressured to fudge records, Electoral Registration Officers handing over Voter Lists related jobs to unqualified hands is an assault on every citizen's right to participate in a fair elections.' Adhikari demanded an 'immediate investigation and appropriate action against those responsible.' Meanwhile, CEO Manoj Agarwal left for Delhi on Tuesday evening to meet Chief Election Commissioner Gyanesh Kumar. According to Commission sources, he will discuss when the special electoral roll revision in West Bengal should begin and what steps need to be taken before it starts. The CEO's office has already published data from the 2002 Special Intensive Revision (SIR) of electoral rolls in Bengal, sparking speculation that the SIR may begin this August. Training for BLOs also began last Saturday. Agarwal said the ECI will conduct SIR training in this session. 'SIR may be held in future. Training will not happen again and again. The vote will be 6-8 months later. We will not be able to do these training [sessions] again,' he said. Atri Mitra is a Special Correspondent of The Indian Express with more than 20 years of experience in reporting from West Bengal, Bihar and the North-East. He has been covering administration and political news for more than ten years and has a keen interest in political development in West Bengal. Atri holds a Master degree in Economics from Rabindrabharati University and Bachelor's degree from Calcutta University. He is also an alumnus of St. Xavier's, Kolkata and Ramakrishna Mission Asrama, Narendrapur. He started his career with leading vernacular daily the Anandabazar Patrika, and worked there for more than fifteen years. He worked as Bihar correspondent for more than three years for Anandabazar Patrika. He covered the 2009 Lok Sabha election and 2010 assembly elections. He also worked with News18-Bangla and covered the Bihar Lok Sabha election in 2019. ... Read More
Time of India
12 minutes ago
- Time of India
Ola Electric held talks on potential high-yield debt financing: Sources
Ola Electric Mobility Ltd , an Indian electric vehicle maker whose shares have fallen about 50 per cent this year, recently held talks with lenders to explore raising money through high-yield debt, according to people familiar with the matter. The company was seeking about 10 billion rupees ($116 million), primarily for working capital, said the people, who asked not to be identified because the discussions are private. The talks were preliminary, and it's not clear if Ola or the lenders would choose to proceed further, the people said. Potential details that were discussed included the tenor of any borrowing, which could be about 36 months, according to the people. They added that at least some of the potential lenders would treat this as special situation financing, and would ask for an interest rate between 17.5 per cent and 20%. That range is typical for such deals that often involve businesses facing a liquidity crunch. 'Raising working capital is a routine aspect of running a business, something Ola Electric , and virtually every other company, does regularly,' said an Ola Electric spokesperson. 'Your claims are speculative and misleading and we decline to comment further on this topic.' The decline in Ola Electric's shares this year has come as it grapples with crises including instances of scooters catching fire, as well as eroding market share a year after a blockbuster IPO. As shares tumbled, founder Bhavish Aggarwal paid about 200 million rupees in cash to top up collateral for borrowings against the shares, Bloomberg reported in June.
Time of India
12 minutes ago
- Time of India
Google to invest $6 billion in southern India data centre, sources say
Synopsis The search giant's data centre will be the largest in capacity and investment size in Asia and is part a multi-billion-dollar expansion of its data centre portfolio across the region in countries including Singapore, Malaysia and Thailand.
