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FirstUp: Trump's 25% tariff on India to come into effect and other big news today
What can we expect from today, August 7?
The simple answer: a lot. Today, August 7, is the day when the US' new tariff regime will come into effect, including a 25 per cent levy on India. Today also marks the beginning of the Def Con hacking conference in Las Vegas. It is one of the world's largest and most iconic hacker conventions, bringing together security enthusiasts, researchers, and hackers from around the globe.
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In India, leaders of the opposition INDI bloc will meet at Congress leader Rahul Gandhi's residence in New Delhi.
Here's what else to expect from the day.
Trump tariffs to take effect
A new set of tariffs as announced by Donald Trump will come into effect today. These are based off an executive order, titled 'Further Modifying The Reciprocal Tariff Rates' that Trump signed on July 31.
This includes a 25 per cent tariff on India. The tariffs in the list range from 10 per cent to 40 per cent, with Syria being charged the highest with 41 per cent, whereas Pakistan has been charged with 19 per cent.
While announcing the order, Trump had said that some trading partners have agreed to, or are on the verge of agreeing to, meaningful trade and security commitments with the United States, thus signalling their sincere intentions to permanently remedy trade barriers and to align with the United States on economic and national security matters.
'Other trading partners, despite having engaged in negotiations, have offered terms that, in my judgement, do not sufficiently address imbalances in our trading relationship or have failed to align sufficiently with the United States on economic and national-security matters,' he said.
Def Con 33 begins in Las Vegas
Today also marks the beginning of Def Con 33 at the Las Vegas Convention Centre in Las Vegas.
Def Con is one of the world's largest and most iconic hacker conventions, bringing together security enthusiasts, researchers, and hackers from around the globe.
This even began in 1993 in a few hotel rooms by an 18-year-old Jeff Moss with around 100 people. It now hosts tens of thousands of visitors paying more than $500 a head to listen to talks, take part in hacking and gaming competitions, and visit over 30 'villages' dedicated to everything from ham radio to military hacking demonstrations.
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Tge leaders of the opposition Indi bloc will be meeting today at Rahul Gandhi's residence for dinner. File image/PTI
Rahul Gandhi to host INDI bloc dinner meeting
Leaders of the Opposition INDIA bloc will gather for a dinner meeting today in the nation's capital, New Delhi.
Hosted by Congress's Rahul Gandhi, they plan to chalk out a joint strategy on the Special Intensive Revision (SIR) of electoral rolls and discuss fielding a joint candidate for the vice-presidential elections scheduled for September 9.
The dinner will be followed by a protest march to the Election Commission's (EC) office in New Delhi the following day. The INDI bloc parties plan to demonstrate against the ongoing SIR exercise in Bihar that they allege could allow the manipulation of electoral rolls and which, according to them, bypasses the constitutional role of the poll panel.
Modi to release postage stamp to honour MS Swaminathan
On August 7, PM Modi will release a commemorative centenary coin and a postage stamp to honour the legacy of Professor MS Swaminathan.
The PM will also be inaugurating the MS Swaminathan Centenary International Conference. The three-day conference with the theme 'Evergreen Revolution – The Pathway to Bio happiness' aims to honour late Prof MS Swaminathan's lifelong contributions to sustainable and equitable development.
Swaminathan, who is regarded as the 'Father of the Green Revolution in India', played a pivotal role in transforming India from being food-deficient to self-sufficient by leading the introduction and further development of high-yielding varieties of wheat and rice in the 1960s and 1970s.
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