US Trade Team Said to Extend India Stay as Talks Gather Momentum
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.
Next Stop: Rancho Cucamonga!
Where Public Transit Systems Are Bouncing Back Around the World
ICE Moves to DNA-Test Families Targeted for Deportation with New Contract
US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn
Trump Said He Fired the National Portrait Gallery Director. She's Still There.
A US trade team that's currently in India for negotiations has extended its stay, according to people familiar with the matter, in a sign talks are progressing ahead of a July deadline.
The team, which was initially scheduled to hold talks with Indian officials on June 5-6, will now be staying till Tuesday to continue discussions, the people said, asking not to be identified because the information isn't public. Most of the issues may get finalized within a week, the people estimated.
India and the US are working on a phased trade deal with an early agreement targeted for July, the deadline for implementation of the so-called reciprocal tariffs. At the same time, those tariffs are facing legal challenges in Washington.
India's Commerce Ministry and the US Trade Representative's office in Washington didn't respond to email requests for comment outside of regular business hours. Local Indian media earlier reported the extension of the visit.
Indian Commerce Minister Piyush Goyal described his meeting with US counterpart Howard Lutnick during a visit to the US in May as 'constructive.' Earlier this month, Lutnick said he's 'very optimistic' about prospects for a trade deal between the US and India 'in the not-too-distant future.'
India was one of the first countries to begin negotiating a trade deal with the US, hoping to avert President Donald Trump's reciprocal tariffs, which are scheduled to kick in on July 9.
--With assistance from P R Sanjai.
Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again
The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling
Is Elon Musk's Political Capital Spent?
What Does Musk-Trump Split Mean for a 'Big, Beautiful Bill'?
Cuts to US Aid Imperil the World's Largest HIV Treatment Program
©2025 Bloomberg L.P.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Iran says Israeli ‘treasure trove' of secret documents to be unveiled soon
Iranian Intelligence Minister Esmail Khatib has said sensitive Israeli documents related to its nuclear facilities, its relationship with the United States, Europe and other countries, as well as its defensive capabilities, will be unveiled soon. Khatib told state TV on Sunday that the documents obtained by Tehran were a 'treasure trove' capable of strengthening the nation's offensive posture, but he did not provide any immediate evidence. The Israeli government, which has never revealed details about its nuclear arsenal, said to comprise substantial atomic weapons, making it the only country in the Middle East with nuclear bombs, has not yet commented on the report of the leaked documents. However, there have been arrests of Israelis allegedly spying for Tehran amid its war in Gaza. It was not clear if the materials were connected to a reported hacking of an Israeli nuclear research centre last year. 'The transfer of this treasure trove was time-consuming and required security measures. Naturally, the transfer methods will remain confidential, but the documents should be unveiled soon,' Khatib said. He described the volume as 'talking of thousands of documents would be an understatement'. 'The sheer volume of the materials and the need to securely transfer the entire shipment into the country necessitated a period of media silence,' state broadcaster IRIB reported, citing sources, and adding that the documents had reached 'secure locations'.The latest development comes as part of a broader campaign of covert operations that Iran and Israel have waged against each other for years. While Tehran has accused Tel Aviv of assassinating its nuclear scientists, Israel has blamed Iran for supporting armed groups across the region that target its interests. Iran and Israel exchanged limited strikes in April 2024 after Iran retaliated for Israel's bombing of its embassy in Syria's Damascus, but a war was avoided. Recently, the United States Donald Trump administration has told Israel to stand down on any plans to attack Iranian nuclear sites as negotiations between Washington and Tehran are ongoing. There is also a sharp focus on Iran's nuclear programme following a report last week by the United Nations nuclear watchdog that said Tehran had carried out secret nuclear activities. Iran will likely face censure this week from the Board of Governors at the International Atomic Energy Agency over these questions about its programme. While Iran has denied wanting to create or have nuclear weapons, it has insisted that it intends to develop nuclear technology for peaceful, civilian purposes. That is a key sticking point in the concurrent Iran-US indirect talks, several rounds of which have been held in Oman and Italy about a possible nuclear deal aimed at resolving a decades-long dispute over its nuclear ambitions. Supreme Leader Ayatollah Ali Khamenei said on Wednesday that the current US proposal to abandon its uranium enrichment programme was '100 percent against our interests'. 'The rude and arrogant leaders of America repeatedly demand that we should not have a nuclear programme. Who are you to decide whether Iran should have enrichment?' he said, without mentioning stopping the ongoing talks. Iran's parliament speaker said on Sunday that the latest US proposal for a nuclear deal does not include the lifting of sanctions, state media reported, suggesting negotiations may have hit an impasse.
Yahoo
an hour ago
- Yahoo
Police officer lists four problems with restaurant applying for drinks licence
An Indian restaurant owner faced objections from police and licensing officers for the second time in a matter of months after re-applying for a drinks licence for his business. Rafiqul Islam, 47, wants to serve alcohol from 10am to 11pm at Cardamom, in St James's Street, Brighton. He has not been legally able to do so since his licence lapsed. He previously applied for a licence until midnight every day but was turned down after a Brighton and Hove City Council licensing panel hearing in February. Mr Islam has since brought in a former colleague and more experienced licence holder, Szabolcs Veres, to work as the designated premises supervisor (DPS) with responsibility for alcohol sales. But at a licensing panel hearing before three councillors, Sussex Police licensing officer Mark Thorogood listed several issues with the premises since Mr Islam took over. These included The licence lapsing in October 2023 Alcohol was listed on the menu and a beer pump was still connected in November 2023 even though the premises no longer had a licence Trading outside permitted hours and with no functioning closed-circuit television (CCTV) in December 2023 The battery-operated CCTV was not working in December 2024 The panel was told that the incident log had not been signed off and staff had not received the training that they needed, the licence was found to have lapsed and Mr Islam was given a final warning. Conservative councillor Ivan Lyons asked what measures would give the police confidence to support Mr Islam's premises having a licence. Mr Thorogood said that there were none. He said: 'We have raised our concerns around a history of non-compliance and a new proposed DPS. 'We have spent a long time already trying to assist Mr Islam in adhering to the previous premises licences he has held but with no success.' Mr Thorogood said that the business was small and 'not challenging' but the various issues, including trading without a licence, meant that the force had lost confidence in Mr Islam. Council licensing officer Donna Lynsdale also said that she had no confidence in Mr Islam's ability to comply with any licence conditions. Ms Lynsdale said that she visited the business in February to ensure that no alcohol was on sale after the previous licence application was turned down. Although no alcoholic drinks were on display, they were still included in the menus on the counter. She said that Mr Islam called her for help with his new licence application and asked her to recommend someone who could help. Ms Lynsdale said: 'Mr Islam stated he believed the reason the last application was refused was because the committee did not like his legal representative. 'This clarifies that Mr Islam is not taking any responsibility for the previous issue – the breaches – or the poor running of the premises. 'Despite providing Mr islam with all the documents and assistance to comply with the previous premises licence, he continued to breach the conditions.' Mr Islam's solicitor, Nicholas Perkins, said that the business was small, with space for only 20 to 28 customers at a time, so it was not a 'challenging' restaurant. But it was in the centre of Brighton where there were restrictions on new alcohol licences because of the 'saturation' of licensed premises and the associated risks of crime and nuisance. Mr Perkins said that the site had been a restaurant for many years and would not be adding to the volume of similar businesses in the area. Without the licence, Mr Perkins said, his client would be 'financially ruined'. He said: 'You (the panel) should look at this whole situation afresh. Mr Islam has candidly admitted his failings but that does not mean he should not be given a further opportunity. 'The proposal before you is new, different and you could have confidence in it on the basis that Mr Veres is prepared to be the DPS. 'He's prepared to take the risk. He has the confidence that going forward these premises will operate correctly.' Labour councillor Paul Nann asked if conditions could include the number of hours that Mr Veres spent at the premises but he was told that this would not be possible. The panel – which also included Labour councillor Julie Cattel – retired to make its decision which should be made public within five working days.
Yahoo
2 hours ago
- Yahoo
UK finance minister Reeves to meet China's vice premier on London trip
LONDON (Reuters) -British finance minister Rachel Reeves will hold a meeting with Chinese vice premier He Lifeng during his visit to Britain this week for trade talks with the United States, a British government source said on Sunday. China's foreign ministry said He would be in Britain between June 8 and June 13 when there will be talks in London with three of U.S. President Donald Trump's top aides to try to resolve a trade dispute between the world's two largest economies that has kept global markets on edge. The British government source said Reeves would host He for a bilateral meeting during the trip, although there were no details on when the talks would be held. The British finance minister met He during a visit to China in January, part of British attempts to improve ties with Beijing, one of the main policy goals of Prime Minister Keir Starmer's government. However, many British lawmakers remain sceptical of China amid regular accusations of espionage by spies working for Beijing, and plans for a new large Chinese embassy in London remains a divisive subject, with the opposition Conservative Party saying it must be blocked. The Chinese government wants to build the embassy at Royal Mint Court, a historic site near the Tower of London, which would be its largest in Europe but its requests for planning permission have been rejected by the local council, and the government will make a final decision. The Sunday Times reported that a senior U.S. official had said Washington was "deeply concerned" about the plans, due to its proximity to London's financial hubs and three significant data centres, and approval could impact UK-U.S. trade talks. "These (security) issues will be taken care of assiduously in the planning process," British technology minister Peter Kyle told Sky News on Sunday.
