Donald Trump's Embarrassing Moment At FIFA Club World Cup
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Economic Times
a few seconds ago
- Economic Times
Trump's tariffs will hurt US more, PM Modi will solve all problems smartly: Andhra BJP chief
Andhra Pradesh BJP chief PVN Madhav stated that Donald Trump's tariffs on India could harm the US more. He expressed confidence that India will achieve significant development through the 'Make in India' initiative. Madhav asserted that Prime Minister Narendra Modi would skillfully address the challenges and ensure India does not suffer losses due to US policies. Tired of too many ads? Remove Ads 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 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 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."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 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 tea, Madhav noted that small incidents can lead to big changes.
India.com
a few seconds ago
- India.com
6th Round Of India-US Negotiations On August 25 Important: Morgan Stanley
New Delhi: The sixth round of India-US negotiations to reach an interim trade deal, currently slated for August 25, will be important as US President Donald Trump announced an additional 25 per cent tariffs on India, raising the total tariffs to 50 per cent effective from August 27, a Morgan Stanley report said on Thursday. The report stated that it will 'closely monitor export growth and domestic demand data for spillover impact, along with any incremental policy response'. In FY25, India's total exports to the US stood at $86.5 billion (2.2 per cent of GDP). The original 25 per cent tariff and the additional penalty are both applicable on 67 per cent of India's exports to the US, which translates to $58 billion (1.5 per cent of GDP) (the remaining are sectors under section 232). To assess the impact of tariffs on India's GDP, we use inferences from the input-output table modelled by our global team. Assuming all goods exports are subject to a 50 per cent tariff rate, the direct impact on growth is likely to be 60bps while the indirect impact could be of a similar magnitude, over a period of 12 months. A similar sensitivity analysis for the 67 per cent of non-exempted goods suggests that the direct impact could be 40bps while the indirect impact could be of a same magnitude, taking the total impact to 80bbps, said the report. The sensitivity analysis refers to linear impact basis shock from external demand and does not take into account mitigating factors such as domestic policy response and or export market diversification. 'On the monetary policy front, we expect RBI to undertake further rate easing, with potentially two additional rate cuts (25bps each), over and above the 25bps rate cut pencilled in our base case. Moreover, the central government is likely to pause the fiscal consolidation and potentially allow capital spending to increase to support domestic demand,' the report mentioned. 'We will closely monitor geopolitical developments and high frequency growth data. On the trade side, the sixth round of negotiations between India and the US, currently slated for Aug 25, will be important to track. We will closely monitor export growth and domestic demand data for spillover impact, along with any incremental policy response,' it added.
Hindustan Times
a few seconds ago
- Hindustan Times
Cambodia and Thailand to hammer out permanent ceasefire in Malaysia meeting
By Rozanna Latiff Cambodia and Thailand to hammer out permanent ceasefire in Malaysia meeting KUALA LUMPUR, - Cambodia and Thailand's top defence officials began a meeting in Malaysia on Thursday to finalise a permanent end to hostilities following a violent five-day border conflict that ended in an unconditional ceasefire late in July. The Southeast Asian neighbours saw the worst fighting in over a decade last month, including exchanges of artillery fire and jet fighter bombing runs that claimed at least 43 lives and left over 300,000 people displaced on both sides of the border. Fighting continued despite diplomatic interventions from China and Malaysia, chair of the regional bloc ASEAN, calling for restraint. The leaders of Cambodia and Thailand only came to the negotiation table when U.S. President Donald Trump told them that tariff negotiations would not continue unless there was peace, Reuters exclusively reported. Cambodian Defence Minister Tea Seiha and Thailand's acting defence minister Nattaphon Narkphanit are due to meet at Malaysia's Armed Forces headquarters in Kuala Lumpur. The two countries will establish guidelines to resolve border disputes, restore trust between their military forces and agree to a ceasefire with measures to minimise tensions and protect civilians, Nattaphon said in a statement before the talks. The conditions were formulated during three days of talks between senior officials in Kuala Lumpur and are to be finalised on the fourth day in the presence of observers from China and the United States. Thailand and Cambodia have quarrelled for decades over undemarcated parts of their 817 km land border, which was first mapped by France in 1907 when the latter was its colony. This article was generated from an automated news agency feed without modifications to text.
