
Videos: US brokered India-Pakistan ceasefire using trade, Trump says
During a Tuesday speech in Saudi Arabia, President Donald Trump highlighted the role his administration played in brokering a 'historic ceasefire' between India and Pakistan following an escalation in tension and conflict between the two countries last week.
'Just days ago, my administration successfully brokered a historic ceasefire to stop the escalating violence between India and Pakistan, and I used trade to a large extent to do it,' Trump said during his speech in Saudi Arabia.
'I said, 'Fellas, come on, let's make a deal. Let's do some trading. Let's not trade nuclear missiles. Let's trade the things that you make so beautifully,' Trump added. 'And they both have very powerful leaders, very strong leaders, good leaders, smart leaders. And it all stopped. Hopefully, it'll remain that way, but it all stopped.'
READ MORE: Video: 26+ killed, 46 injured in Indian airstrikes against Pakistan
After emphasizing the importance of trade in the ceasefire negotiations between India and Pakistan, Trump recognized Secretary of State Marco Rubio and Vice President J.D. Vance for leading his administration's efforts to secure a ceasefire between the two countries. The 47th president said that India and Pakistan were 'actually getting along' following the ceasefire and joked that the leaders of India and Pakistan could 'go out and have a nice dinner together.'
'We've come a long way,' Trump said. 'Millions of people could have died from that conflict that started off small and was getting bigger and bigger and bigger by the day.'
Trump on India and Pakistan ceasefire:
'My administration successfully brokered a historic ceasefire to stop the escalating violence between India and Pakistan, and I used trade to a large extent to do it.'
pic.twitter.com/EzR9zuM9ou — The Post Millennial (@TPostMillennial) May 13, 2025
Prior to his speech in Saudi Arabia on Tuesday, Trump made similar comments regarding the use of trade in the India-Pakistan ceasefire negotiations while speaking with reporters at the White House.
'We helped a lot, and we helped also with trade. I said, 'Come on, we're going to do a lot of trade with you guys. Let's stop it. Let's stop it. If you stop it, we'll do a trade. If you don't stop it, we're not going to do any trade,'' Trump said. 'People have never really used trade the way I used it, that I can tell you.'
'And all of a sudden, they said, I think we're going to stop,' Trump added. 'They did it for a lot of reasons, but trade is a big one.'
Trump on India-Pakistan: "We helped a lot. I said, 'C'mon. We're gonna do a lot of trade with you guys. Let's stop it. Let's stop it. If you stop it we're doing trade. If you don't stop it we're not gonna do any trade.' People have never really used trade the way I used it." pic.twitter.com/OcBeh0W1AJ — Aaron Rupar (@atrupar) May 12, 2025
Following Trump's comments to reporters on Monday, Randhir Jaiswal, a spokesperson for India's Foreign Ministry, said that while India's leaders were in contact with U.S. officials in the midst of escalating tension between India and Pakistan, trade was not part of the conversations, according to The Associated Press.
'The issue of trade did not come up in any of these discussions,' Jaiswal said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
The number of unsold homes in the U.S. hits a record high — is that good news for buyers?
There's nearly $700 billion in unsold homes sitting on the market nationwide, according to Redfin. That's a 20.3% jump from a year ago and, at $698 billion, likely adds up to the highest dollar amount ever, the Seattle-based online brokerage said, citing an analysis of the value of listings on from 2012 through April of this year. And $330 billion of the unsold properties — 2 out of every 5 — are considered 'stale inventory' because they've been on the market for at least 60 days. At 44%, that number is up from 42.1% a year earlier, and the highest for April since the COVID-19 lockdown in 2020. So what's behind the big numbers? Here's what Redfin says: More sellers than buyers. Just two years ago, buyers outnumbered sellers but another recent Redfin analysis estimated there are nearly 500,000 more now, 1.9 million compared to 1.5 million. That 33.7% difference is up from 6.5% more sellers than buyers a year ago. Taking longer to sell. It took 40 days for a typical home to go under contract in April, compared to 35 days a year ago. During the pandemic buying boom, when mortgage rates were still at record lows, it took an average of just 24 days to seal the deal. Demand down. Polls show buyers are hesitating to make big purchases, due to the economic uncertainty surrounding President Donald Trump's policies, including ever-changing tariffs. Monthly mortgage payments have also reached record highs. Prices up. In April, the median U.S. sale price for a home was up year over year. But the total value of the current inventory climbed much more, 20.3%, indicating the increase in the number of listings 'is a bigger factor.' Denver real estate agent Matt Purdy said on the Redfin site that he spotted the trend earlier this year, at the beginning of the critical spring housing market that's supposed to be the busiest time for sales. 'A huge pop of listings hit the market at the start of spring, and there weren't enough buyers to go around,' Purdy said 'House hunters are only buying if they absolutely have to, and even serious buyers are backing out of contracts more than they used to.' But he suggested there's a silver lining in the shifting market: 'Buyers have a window to get a deal; there's still a surplus of inventory on the market, with sellers facing reality and willing to negotiate prices down.' Redfin's head of economic research, Chen Zhao, also said buyers may benefit. 'Not only are there more homes for sale than there have been in five years, but the value of those homes is higher than it has ever been,' Zhao said. 'We expect rising inventory, weakened demand, and the prevalence of stale supply to push home prices down 1% by the end of this year, which should improve affordability for buyers because incomes are still going up.'
Yahoo
6 minutes ago
- Yahoo
Advisors Say $1,000 ‘Trump Accounts' Won't Benefit Families Who Need Help Most
Are your clients planning on having children? Tell them to hurry it up. Inside the Trump administration's key $4 trillion tax bill is a proposed idea to open accounts for each new baby born in the US until 2028. The so-called 'Trump Accounts' are seeded with $1,000 that gets invested in equities and locked up until the child's 18th birthday. Parents can also contribute up to $5,000 annually. Previously called MAGA accounts, the funds are designed to help parents prepare for their children's financial futures. But, what do advisors think about the proposed accounts? 'They are stupid,' said Catherine Valega, an advisor with Green Bee Advisory, adding that the wealthy have plenty of options to save, while the less affluent won't be able to afford additional contributions. READ ALSO: Bitcoin Rules for Now, but the Crypto Landscape Is Vast and RIA Headcount, AUM Shattered Records in 2024 The idea of funding accounts for newly born children is nothing new. In fact, before the current administration, the accounts were called 'Baby Bonds' and have been floated by politicians on both sides of the aisle. Well-known financial advisor Ric Edelman has been a prominent supporter of the idea, and even started a trust product with annuities for babies in 1999. But today, most advisors said the proposed Trump accounts will largely benefit upper-class families who can afford to contribute annually. 'The real advantage will go to families with enough disposable income to consistently fund the account,' said Edzai Chimedza, a CFP and advisor at Tobias Financial, adding that it's an attractive tool for upper-middle-class and affluent families, who are more likely to be able to contribute after covering essentials, like retirement savings and emergency funds. The accounts aren't the only savings options out there, either. Who can forget those 529 plans that have grown significantly more flexible over the years and are a great option to save for college, Valega asked. A guardian Roth IRA can also help children jump-start their retirement savings, while helping them get up to speed with the stock market. Baby Got Tax. For families that can pitch funds into the accounts, it makes sense to stop and think about a client's intentions, said Sarah Avila, an advisor with VLP Financial Advisors. 'If you are eligible to open the account for your baby, it is worth it to get the free $1,000 from the government,' she said. But clients should be aware that earnings on qualified withdrawals will be taxed at long-term capital gains rates. 'If the idea is to save for college, contributing to a 529 plan is more advantageous, from a tax perspective, because the money is tax free,' she said. This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter.


CNN
6 minutes ago
- CNN
‘It is a whole different environment': Republicans revisit key Biden investigations with new momentum
The House Judiciary Committee is expected to interview former Hunter Biden special counsel David Weiss behind closed doors on Friday, two sources familiar with the interview told CNN, as part of a broader Republican effort to revisit previous probes into the Biden family that stalled last Congress but are gaining new momentum now that Republicans control both chambers of Congress and the White House. The scheduled interview, which could still be moved, would be the second time the Republican-led panel will interview Weiss about his work as Republicans continue to probe whether the investigation was hampered by political interference. Weiss has still never testified publicly about his six-year criminal probe into the president's son, which included three convictions, but was ultimately short-circuited as a result of the former president's unconditional pardon of his son. House Judiciary Republicans have long wanted to call Weiss, the Trump-appointed US attorney, back for questioning after his first closed-door interview in 2023. Committee Republicans were also able to finally secure interviews with two Department of Justice tax division prosecutors involved in the Hunter Biden probe who they had been aggressively pursuing for months, one of the sources familiar told CNN. The Justice Department is working with Weiss to provide access to documents he may need for his interview, a person briefed on the matter said. Any delays in getting access to documents would be a scheduling issue and the ability to have personnel who can oversee it, the person briefed on the matter said. It's not the only Biden investigation Republicans are reexamining that leans into a fresh political appetite with GOP control of Washington. House Oversight Chair James Comer is returning to his probe of the former president's mental fitness in an entirely new landscape after a recent book by CNN's Jake Tapper and Axios' Alex Thompson put Joe Biden's physical and mental decline back in the spotlight. Comer told CNN he is in the process of scheduling key interviews with Biden's White House physician, Dr. Kevin O'Connor, and other senior aides who had all rebuffed his efforts last Congress. Beyond the five initial interviews from Biden's orbit, the Republican Chairman told CNN he wants to look at the executive orders Biden signed in his last six months in office and use of the autopen. In the weeks immediately after Biden's disastrous 2024 debate performance that unraveled his presidential campaign and upended the Democratic party, Comer requested to interview Biden's doctor and subpoenaed three senior Biden aides to discuss their roles in the Biden White House, which never materialized. Now, Comer said in an interview with CNN, 'it is a whole different environment.' At the time of his 2024 interview requests, Comer's impeachment inquiry into the Biden family's business dealings had fallen apart and the Biden administration felt no incentive to comply with the House Oversight Committee. Probing Biden's decline now, Comer says, will be a lot easier than trying to convince his colleagues of an alleged Biden family foreign influence peddling scheme, which even Comer conceded was difficult to do, particularly in a minute or less on Fox News. Republicans failed to uncover evidence to support their core allegations against the president, and lacked the votes in their divided, narrow majority last Congress to impeach the president. 'The money laundering and the shell companies, the average American couldn't understand that. I mean, that was hard to understand,' Comer told CNN. 'You know, I did not do a good job explaining that.' But with his investigation into Biden's mental and physical decline, Comer said, 'people see a president that clearly is in decline. They saw it in the debate.' Democrats sought to dismantle the Republican-led 11 month impeachment inquiry into Biden last Congress at every turn. Comer told CNN that although those Democrats aren't jumping at the opportunity to cooperate now, he does not see them as being obstructive either. 'I take that as a step in the right direction,' he told CNN. Tapper and Thompson's book documents how Biden, his closest aides and his family forged ahead with the former president's doomed 2024 reelection bid despite signs of his physical and mental decline. In a previous statement to CNN, a Biden spokesman criticized the book, saying that evidence shows that 'he was a very effective president.' Former Democratic Rep. Dean Phillips, who launched a long-shot challenge to Biden and was outspoken about his concerns over the former president's age, told CNN he did not think there needed to be an investigation on Capitol Hill at this point into Biden's fitness as president. 'This case already went to trial, the jury of American voters convicted the party of the accused, and handed out the harshest political punishment possible-losing the single most consequential election in modern history,' Phillips told CNN. Instead, Phillips called on Biden to authorize his physician to disclose his health file and condition under oath. 'Only if the former president refuses, or if questioning uncovers possible criminal activity, should an investigation be initiated,' Phillips added. Biden was recently diagnosed with an 'aggressive form' of prostate cancer.