logo
Argentina returns to America's visa waiver program, netizens celebrate

Argentina returns to America's visa waiver program, netizens celebrate

Time of India29-07-2025
Image credits: X/@Sec_Noem
Argentina seems to be going up and up in America's list of allies in recent years. The second-largest country in South America has been working with the Trump administration in ways that are not only beneficial for it but also for the US.
Recently, Homeland Security Secretary Kristi Noem took to X to share how Argentina had returned to America's visa waiver program. She shared how the country now has the lowest visa overstay rate in all of Latin America, and 25% more Argentines have travelled to the United States in the first four months of 2025 as compared to 2024, marking the biggest jump in any top 20 international arrivals.
Noem appreciated Argentinian President Javier Milei's leadership, adding how Argentina is becoming an even stronger friend to the United States.
"That is why we are now taking steps to allow Argentina back into the Visa Waiver Program. I was pleased to sign a statement of intent alongside Minister Werthein and Minister Bullrich, which highlights our strong partnership with Argentina and our mutual desire to promote lawful travel while deterring threats."
What is the
US Visa Waiver Program
?
Image credits: X/@Sec_Noem
The Visa Waiver Program (VWP) enables citizens or nationals of participating countries to travel to the US for tourism or business for 90 days or more without requiring a visa.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Arabian Sea Facing Apartments - Mahalaxmi, South Mumbai
Lodha Bellevue
Click Here
Undo
All travellers need is a valid Electronic System for Travel Authorization (ESTA) approval and must meet the necessary requirements.
Argentina was previously a part of the program from 1996 to 2000. Though the country has been reinstated now, it could take years to meet the program's security and immigration requirements. Alberto Fohrig, director of international co-operation at Argentina's Security Ministry, said on Radio Mitre that if the country's entry in the program was successful, it would allow 1.2 million Argentines who travel to the United States each year to enter without a visa for 90 days for both tourism and business.
People on the internet are already welcoming and applauding Argentina's entry back into the visa waiver program, with positive comments.
Netizens react to Argentina's return to the Visa Waiver Program
Image credits: Getty Images
Netizens have been commenting positive reactions and welcoming messages to the Argentinians and appreciating President Milei's leadership.
"interesting connections... are they ready for what's coming? That's what happens when you put america first... everyone benefits!," wrote one appreciating Argentina's work on improving relations with the US.
"Milei is a great smart leader and I respect and trust in secy Noem. No one has impressed me more. Thank you Kristy Noem!" added another.
"Argentine President @JMilei paved the way and provided a sound blueprint for how a government should be run. 💪🏽," applauded another.
Many pointed out Argentina's steady development over the years, "Argentina is on the way back to prosperity," and "Travel soaring and barriers lowering—momentum looks strong 🇦🇷✈️"
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's 50% tariffs on India: Textiles, jewellery, shrimp, other export-exposed stocks slide up to 6%
Trump's 50% tariffs on India: Textiles, jewellery, shrimp, other export-exposed stocks slide up to 6%

Time of India

time22 minutes ago

  • Time of India

Trump's 50% tariffs on India: Textiles, jewellery, shrimp, other export-exposed stocks slide up to 6%

Indian export-facing stocks took a sharp hit on Thursday as a wave of punitive 50% U.S. tariffs announced by U.S. President Donald Trump triggered a sell-off across key sectors such as textiles, jewellery , shrimp, auto components and chemicals. While the broader Sensex fell a relatively muted 300 points, analysts warned that the market is entering a deadly waiting game, with fresh investment flows likely to stall until either a U.S.-India trade deal materialises or the selloff deepens enough to attract bargain hunters. The steep tariff escalation, building on a previously announced 25% levy that kicks in from Thursday, targets Indian goods with significant exposure to U.S. demand. Though only around 20% of India's goods exports head to the U.S., several niche categories, ranging from ready-made garments to precision auto parts and seafood, are heavily reliant on American buyers. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo "The escalation from 25% to 50% tariffs will create sector-specific pressures rather than broad market disruption for Indian equities. The Nifty 50's limited 9% direct exposure to the U.S., primarily concentrated in IT services, which remain exempt from goods-based duties, provides substantial insulation," said Nitant Darekar, Research Analyst at Bonanza. However, stocks in gems and jewellery, apparel, textiles, and chemicals face immediate headwinds as these sectors represent the most vulnerable $8 billion export segment, Darekar said. 'The most-impacted sectors are textiles (Gokaldas/Kitex), Chemicals (Camlin, Aarti and Atul), and Auto Ancs (BHFC/Suprajit/Sona BLW), with direct export exposure to the US,' said Seshadri Sen of Emkay Global. Live Events 'This is a tough period to navigate for investors,' Sen warned. 'The terms of the final trade deal could still be considerably different, though a worst-case, highly damaging scenario has presented itself.' Here's a sectoral breakdown of Trump's 50% tariff impact from a stock market perspective: Auto stocks Auto component makers with high U.S. revenue share were among the hardest hit. Bharat Forge, with 40–45% of revenue from the U.S., dropped over 3%, while Sona BLW Precision, which earns 30–35% from the U.S., fell nearly 2%. Steel Strips Wheels, which sends 63% of its export volumes to the U.S., fell 2.2%, while Garware Hi Tech Films, deriving 45% of its revenue from the U.S., dropped 3.5%. Tata Motors, largely insulated due to existing US-UK and US-EU tariff frameworks on JLR exports, still shed 2.4%. Textiles Indian textile stocks were among the worst performers, reeling from the tariff-induced erosion in competitiveness. Shares of Gokaldas Exports and Pearl Global fell 3.9% and 3.2% respectively. Kitex Garments, with 70% of sales to the U.S., plunged 5%. KPR Mill and Vardhman Textiles slid 6.2% and 2.8%, respectively. 'If effective, the steep 50% tariff would be similar to a trade embargo,' Nomura said. 'Lower value addition and thinner margins across industries like textiles and gem & jewellery could jeopardise operations.' The pain is accentuated by favourable deals signed by competitors. Pakistan's rate has been cut to 19%, Bangladesh's to 20%, while Vietnam has also reduced its rate to 20%, widening the gap for Indian exporters. Jewellery and Gems Gems and jewellery exporters were not spared. Goldiam International, which earns 90% of its revenue from the U.S., fell 4.7%. Granite exporter Pokarna dropped 4.5%. Shrimp stocks Seafood exporters bore the brunt of the selloff after the U.S. hiked tariffs to 50%. Avanti Feeds fell 5.3% to Rs 631.80, Apex Frozen Foods slid 4% to Rs 218.80, and Waterbase Ltd dropped nearly 2% to Rs 48.18. Capital Goods The impact on capital goods stocks was mixed. Cummins India, which derives 5–15% revenue from sales to its U.S. parent, slipped about 1%. Thermax fell 2%, while Jefferies had previously noted that 'China tariffs higher, so might have limited impact.' KEI Industries, with less than 5% U.S. exposure, was flat. Chemical stocks Chemicals took a hit, especially companies involved in refrigerator gas exports. Navin Fluorine International, with 24% U.S. revenue exposure, fell 1.7%, while PI Industries and SRF Limited were down 1.6% and 2.5%, respectively. Jefferies noted earlier that 'agrochemicals are broadly outside the tariff ambit,' providing some cushion for the sector. However, Navin Fluorine and SRF remain vulnerable due to their U.S.-facing product portfolios. Oil refiners Energy stocks bore the brunt of a parallel tariff penalty tied to India's ongoing purchases of Russian crude. Reliance Industries fell 1.1%, while Bharat Petroleum and Hindustan Petroleum each dropped around 1.5%. Indian Oil Corporation lost nearly 1%. 'Reliance Industries, BPCL, HPCL and IOCL may need to diversify sourcing beyond Russia,' Jefferies had previously said, warning that narrowing discounts on non-Russian barrels could erode refinery profitability. Solar stocks Solar firms with large U.S. order books also tumbled. Waaree Energies, with 59% of its 25GW overseas order book headed to the U.S., dropped 3.6%. Premier Energies lost 1.8%. From 'Howdy Modi' to tariff walls The tariff move underscores a marked deterioration in the relationship between Washington and New Delhi since the much-publicised February meeting between Trump and Prime Minister Narendra Modi. In recent weeks, Trump has publicly referred to India's economy as 'dead,' branded its trade barriers 'obnoxious,' and accused it of 'profiting' from cheap Russian oil while remaining silent on Russia's war in Ukraine, now in its fourth year. India's Ministry of External Affairs called the move 'extremely unfortunate,' and pointed out that 'many other countries are also importing Russian oil in their national economic interest.' Trade between the world's largest and fifth-largest economies is valued at over $190 billion, according to Reuters, and the latest escalation throws a spotlight on the frictions that could derail a steadily growing bilateral economic relationship. Also read | Explained: What Trump's 50% tariff mean for stock market investors and should Nifty bulls worry ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Highway Infrastructure IPO: GMP at 54%, subscribed over 97.70x on Day 3; check key details
Highway Infrastructure IPO: GMP at 54%, subscribed over 97.70x on Day 3; check key details

Time of India

time22 minutes ago

  • Time of India

Highway Infrastructure IPO: GMP at 54%, subscribed over 97.70x on Day 3; check key details

The Rs 130 crore initial public offering (IPO) of Highway Infrastructure Ltd (HIL) has grabbed strong investor attention, both in the primary market and the grey market. The grey market activity is heating up, with HIL's shares trading at a premium of nearly 54% over the issue price of Rs 70. This robust grey market premium reflects bullish sentiment and raises expectations of healthy listing gains for investors. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now On the third and final day of bidding, the issue was subscribed a massive 97.70 times by 10:40 AM, as per stock exchange data — a clear sign of overwhelming demand. Highway Infrastructure IPO GMP Today The IPO is generating strong interest in the grey market, where shares are trading at a premium of approximately 54%, or about Rs 36-38 above the issue price of Rs 70. This robust premium signals bullish investor sentiment and points to the potential for solid gains when the stock lists. Live Events Highway Infrastructure IPO Subscription Status Retail Individual Investors (RIIs) demonstrated robust enthusiasm, subscribing 89.39 times their allocated quota of 78.57 lakh shares. This strong participation highlights the active interest of small investors, who often play a crucial role in shaping IPO market sentiment. Non-Institutional Investors (NIIs), which include high-net-worth individuals (HNIs), also showed a positive response, subscribing 143.74 times their allotted 58.92 lakh shares. Qualified Institutional Buyers (QIBs) subscribed 7.88 times their allocation of 22.92 lakh shares. Highway Infrastructure IPO Details The Rs 130 crore IPO of Highway Infrastructure (HIL), a company with nearly three decades of experience in toll collection and EPC infrastructure execution, opened for subscription on Tuesday. The issue, which closes on August 7, is priced in the band of Rs 65–70 per share. The stock is scheduled to list on the BSE and NSE on August 12. The IPO comprises a fresh issue of Rs 97.5 crore and an offer for sale of Rs 32.5 crore, aggregating to 1.86 crore shares. Bids can be placed in lots of 211 shares, translating into a retail minimum investment of Rs 14,770 at the upper price band. About Highway Infrastructure HIL operates primarily in tollway collection, EPC infrastructure projects, and to a smaller extent, real estate development. As of May 2025, its consolidated order book stood at Rs 666.3 crore, with over 90% of it from its core toll and EPC segments. The company has completed 27 tollway projects and is currently operating four, including ANPR-enabled tolling on the Delhi-Meerut Expressway. Over the years, it has executed 66 EPC projects, with 24 more underway. The company's stronghold lies in Madhya Pradesh but extends to 11 states and one Union Territory. Highway Infrastructure Financials: HIL reported a FY25 net profit of Rs 22.4 crore, up 4.6% YoY, on revenues of Rs 495.7 crore. The EBITDA margin stood at 6.3%, with a PAT margin of 4.5%. Its post-issue P/E comes to 22.5x, translating into a market cap of Rs 502 crore. The proceeds will be used to meet working capital needs and for general corporate purposes. Pantomath Capital is the sole book-running lead manager, and Bigshare Services is the registrar. Should you subscribe? Backed by steady financials, technological adoption in tolling (such as FASTag and ANPR), and government tailwinds in infrastructure, the issue has been rated 'Subscribe for Long Term' by Anand Rathi. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Trump's tariffs will hurt US more, PM Modi will solve all problems smartly: Andhra BJP chief
Trump's tariffs will hurt US more, PM Modi will solve all problems smartly: Andhra BJP chief

Time of India

time35 minutes ago

  • Time of India

Trump's tariffs will hurt US more, PM Modi will solve all problems smartly: Andhra BJP chief

Andhra Pradesh BJP chief PVN Madhav on Thursday said that US President Donald Trump 's high tariffs on India will only hurt his country more and noted that highly popular Prime Minister Narendra Modi will solve all problems very smartly. Madhav's comments come a day after Trump slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Addressing a meeting over tea as part of 'Chai pe charcha' in Ongole, the BJP chief highlighted that India will achieve great development as part of the 'Make in India' initiative. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Enjoy 100% Pure New Zealand and fly Air New Zealand airnewzealand Undo "There is a possibility of more damage happening to America by the actions of President Donald Trump. Now India may face temporary difficulties, but it will achieve great development under Make in India (programme)," said Madhav. The highly popular PM Modi will solve all problems very smartly. He will ensure that India does 'not suffer losses' from the US, the BJP leader said. Live Events Sipping tea, Madhav noted that small incidents can lead to big changes.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store