Thailand, Cambodia agree to 'immediate, unconditional' ceasefire after Trump's trade threat
Show more
Show less
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 hours ago
- Time of India
School Assembly Headlines for July 31: Top national, international, business and sports updates
School Assembly: Morning assemblies aim to inform, inspire, and involve students by highlighting current global developments. Each day brings key announcements and events that every student should know. Here are today's top news headlines. School Assembly Headlines for July 31: National news India successfully launches NASA-ISRO NISAR satellite to map Earth's land and ice ISRO launched on Wednesday a $1.5 billion, first-of-its-kind radar imaging satellite built in collaboration with NASA, deploying it to help enhance global monitoring of climate change and natural disasters. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Cybersecurity Public Policy Digital Marketing Project Management Operations Management Artificial Intelligence Finance Healthcare Others Data Science Technology others healthcare PGDM Data Analytics MCA MBA Design Thinking Leadership Management Product Management Data Science CXO Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details Jaishankar: No Modi-Trump phone conversation took place during India-Pakistan tensions External Affairs Minister S. Jaishankar on Wednesday reaffirmed that the United States had no involvement in resolving the May hostilities between India and Pakistan, telling the Rajya Sabha—despite opposition criticism—that there was no phone conversation between Prime Minister Narendra Modi and U.S. President Donald Trump during the period of tension. School Assembly Headlines for July 31: International news 8.8 magnitude earthquake triggers tsunami along coasts of Russia, Japan, and the US Tsunami waves hit Hawaii and the U.S. West Coast after a powerful 8.8 magnitude earthquake—one of the strongest ever recorded—struck near Russia's Kamchatka Peninsula on July 29. However, Hawaii lifted its evacuation orders just hours later. Live Events Thailand accuses Cambodia of ceasefire breach, warns of escalation amid border tensions Thailand has accused Cambodia of violating a ceasefire along the border, warning of a stronger response as tensions escalate despite recent peace efforts. The Thai military reported grenade and small arms fire in Sisaket province, while Cambodia denied any breach and called for international observers. The ceasefire—brokered by Malaysia and the U.S.—was established after deadly clashes that had displaced thousands. School Assembly Headlines for July 31: Sports news England vs India: Ben Stokes sidelined due to injury, Ollie Pope named stand-in captain Ahead of the final Test against India, set to begin this Thursday (July 31) at The Kia Oval, England's selection committee has made four changes to the squad, with captain Ben Stokes ruled out due to a right shoulder injury. Jasprit Bumrah to sit out Oval Test, Akash Deep expected to step in for India's 'handle with care' fast bowler With the series on the line, India has suffered a setback as reports indicate that star pacer Jasprit Bumrah will miss the fifth and final Test against England at The Oval, starting Thursday. Abhishek Sharma becomes World No.1 in T20Is, joins Kohli, Suryakumar; Pant rewarded for gritty fifty through fracture Abhishek Sharma has risen to the top of T20I batting, becoming just the third Indian male cricketer to claim the No. 1 spot in the ICC batter rankings. The 24-year-old left-hander has replaced Australia's Travis Head at the summit. School Assembly Headlines for July 31: Business news Reports suggest that NPCI is considering the introduction of face ID and biometric authentication for UPI payments to enhance transaction speed, security, and user convenience. Indian-origin executive Shailesh Jejurikar is set to become the CEO of Procter & Gamble in January 2026, taking over the role after serving as the company's COO. School Assembly Headlines for July 31: Thought of the Day "Success is not final, failure is not fatal: It is the courage to continue that counts." – Winston Churchill
Hindustan Times
6 hours ago
- Hindustan Times
Trump, tariffs, trade and the India-US deal
Since Donald Trump was sworn in once again as the 47th President of the US, the global strategic and economic communities have been recalibrating expectations around what the second wave of 'Making America Great Again' would entail. Central to this renewed thrust has been Trump's signature approach to trade: tariffs, trade rebalancing, and the assertion of American economic power through unilateral measures. On April 2, 2025, the White House declared a 'national emergency' under the pretext of unfair foreign trade practices. The day was marked as Liberation Day, ushering in a new regime of reciprocal tariffs on US trade partners, including allies and rivals alike. US President Donald Trump arrives on the South Lawn of the White House in Washington, DC, on July 29, 2025. (AFP) Although most countries, including India, were given a 90-day suspension window to negotiate a way out, China was immediately slapped with an aggressive 145% tariff on exports to the US, prompting a retaliatory 125% tariff on US goods. The repercussions were immediate—hitting both US stock and bond markets. On May 14, the two countries partially rolled back these measures, with US tariffs on China reduced to 30% and Chinese duties on American goods cut to 10%. This tariff volatility occurs at a precarious juncture in the post-pandemic world economy—one already grappling with disrupted supply chains, resource competition, rising debt levels, and fragile labor markets. Simultaneously, geopolitical tensions across Europe, West Asia, and the Indo-Pacific continue to strain global trading practices, driving many countries toward protectionist policies aimed at shielding domestic economies. India has emerged as a unique and strategically significant actor in this rapidly changing scenario. In the initial April 2 executive order, India was marked for a 26% reciprocal tariff—listing 'non-reciprocal trading practices'. Key Indian sectors—electronics, automobiles, textiles, jewelry, and medical devices—were targeted, though pharmaceuticals were initially exempted. On July 7, Trump sent official tariff notices to 14 nations, including Japan, South Korea, and several ASEAN members. The tariffs, set to go into force on August 1, range from 25% to 40%, prompting growing concerns over their economic and strategic implications. In a major turn, India was excluded from the final list of 14 countries notified by the US on July 7 to face new tariffs from August 1. President Trump publicly remarked that a 'very big' deal with India was near, and treasury secretary Charles Bessent confirmed the two countries were 'very close' to finalising a 'mini trade deal.' Although an official announcement is still pending, India is pressing for duty relief on exports and the removal of retaliatory tariffs. The United States has reportedly asked for more market access for US goods. Agriculture, however, remains a major sticking point. Finance minister Nirmala Sitharaman reiterated that agriculture is a 'red line,' underscoring India's need to protect its domestic farmers. Meanwhile, Trump has signaled potential 50% tariffs on copper and up to 200% on pharmaceuticals. While viewed by investors more as negotiating leverage than immediate threats, it may impact particularly the pharmaceutical industry in India. India's exposure to copper exports to the US remains modest (around 10,000 tonnes annually), however, even if tariffs hit copper export, the increasing domestic demand would compensate for that. It is the pharmaceutical sector that seems more vulnerable as it supplies over 40% of generics to the US. India's exports of pharmaceutical products to the US in FY24 was worth $ 8.73 billion. Nonetheless, there is a flip side to it as well. The American health care depends heavily on generic drugs, any hasty decision may impact lives across the United States. These tariffs could create supply chain disruptions, negatively impacting accessibility and affordability of medical drugs and can create a potential crisis, as health care remains one of the most polarised and contentious political issues in the US. Hence, Washington is also expected to tread cautiously on this domain. India appears more prepared than before to navigate shifting US trade priorities. Bilateral ties—particularly in defense, critical technologies, and supply chain resilience—have advanced under both Trump administrations. The resolution of all WTO disputes between the two nations under President Biden in 2023 also laid a foundation for deeper cooperation. India's restrained and calculated diplomatic approach gives hope for dividends. Its strategic economic policies—Make in India, PLI schemes, and Atmanirbhar Bharat—have increased its global competitiveness. In a world diversifying around China+1 strategies, India has emerged as a viable option. However, analysts have cautioned that the Trump administration's pressure-tariff model— the Global Trade Research Initiative (GTRI) has labeled the Yielding to American Tariff Retaliation Agreement (YATRA) may lead to imbalanced trade-offs if not managed with caution. The Indian market has been showing mixed reaction over the on and off threats of tariff imposition by the US. In April, the Reserve Bank of India revised its growth forecast to 6.5% (from 6.7%), while Goldman Sachs projected 6.1%, citing tariff shocks and global headwinds. India's finance secretary also warned that the US tariffs could shave off between 0.2 to 0.5 percentage points from FY25 GDP growth. Despite the macroeconomic stress, India's stock market demonstrated resilience. Benchmark indices dipped by 3,000 points in pre-open trade post-announcement but stabilised soon. The rupee has weakened in general, but has remained between the range of 85.4-85.7 per dollar, reflecting relative stability despite geopolitical turbulence. The threat of an additional 10% tariff on Brics by Trump has the possibility of creating some negative ripples in the Indian market. While uncertainties remain—particularly around agriculture, digital services, and regulatory standards—the situation also presents a rare convergence of strategic interests between India and the US India's share in global trade has expanded over the last two decades. While recent tariffs may impose short-term volatility, they are unlikely to derail India's long-term growth trajectory. Structural reforms, a robust digital economy, and industrial policy resilience have made India more immune to external shocks than in previous decades. Whether India can achieve tangible concessions on US agricultural subsidies, in exchange for flexibility on industrial goods and market access, remains to be seen. The August 1 deadline looms as a test for Indian negotiators—and an opportunity to secure a long-overdue arrangement in bilateral trade. With the global trade policies and business models undergoing transformation, Indian businesses may find in this moment not just risk, but also strategic opportunity—in sectors like electronics, textiles, and semiconductors—depending on how effectively they innovate and negotiate. This article is authored by Sweta Kumari, international relations analyst, New Delhi.
News18
7 hours ago
- News18
Thailand Accuses Cambodia of Ceasefire Breach Amid Border Clashes; US Criticizes ‘Needless' War
Thailand has accused Cambodia of "flagrant violation" of truce deal for the second day in a row on July 30. Thailand said its troops in Sisaket province "came under attack by small arms fire and grenade assaults launched by Cambodian forces." The offensive lasted until the morning of July 30, as per Thailand's foreign ministry. "This represents a flagrant violation of the ceasefire agreement," said a foreign ministry statement. Meanwhike, President Trump's nominee to be US ambassador to Thailand has slammed the recent Thailand-Cambodia border clash as 'needless.' Sean O'Neill said that he would tell Bangkok, if confirmed in the post, that such conflicts do nothing to help the country's alliance with Washington. Sean O'Neill, a career foreign service officer who has served twice before a. s a diplomat in Thailand, made the comment at his Senate confirmation hearing n18oc_world n18oc_crux0:00 INTRODUCTION4:30 CAMBODIA CONDUCTS BORDER TOUR, AFFIRMS TRUCE COMMITMENT 5:42 US ENVOY TO CAUTION TREATY ALLY THAILAND
