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Time of India
33 minutes ago
- Time of India
‘Probably will know in an hour…': Donald Trump and EU chief begin trade deal talks in Scotland; seen as make-or-break
Donald Trump trade deals (AI image) US-EU trade deal: US President Donald Trump has begun trade deal talks with European Union chief Ursula von der Leyen in Scotland. Ahead of the talks, Trump spoke of the likelihood of a trade deal saying, '. .probably will know in an hour.' Trump and Ursula von der Leyen are looking to resolve a prolonged transatlantic trade dispute as the deadline approaches. Earlier Trump indicated a 50 percent probability of reaching an agreement with the European Union, which faces a reciprocal tariff of 30% unless a trade agreement is secured by August 1, with US officials confirming on Sunday that "no extensions" would be granted. Von der Leyen's European Commission, representing EU member states, is actively pursuing an agreement to protect trade relations valued at $1.9 trillion annually in goods and services. An EU diplomatic source told AFP that a framework for agreement emerged following late-night discussions on Saturday, several crucial matters remained unresolved. The ultimate decision remains with Trump. A diplomatic source was quoted as saying that while a political agreement exists, it awaits Trump's approval, who is maintaining negotiations until the final moment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo The suggested arrangement includes a standard 15% tariff on European Union exports to the US, matching Japan's agreement, with exemptions for crucial industries such as aircraft and spirits, excluding wine. EU member states must ratify any agreement. Their ambassadors, whilst in Greenland, received updates from the commission and planned subsequent meetings following potential agreement confirmation. The EU representative indicated that the 27 nations broadly supported the proposed arrangement, whilst maintaining their established negotiating positions. The summit between Trump and von der Leyen is taking place at Turnberry along Scotland's southwestern shoreline, at the president's golf establishment, where he spent considerable time playing over the weekend. Trump, aged 79, expressed on Friday his aspiration to achieve a significant agreement with the EU. "I think we have a good 50-50 chance," the president stated, noting approximately 20 unresolved matters. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
41 minutes ago
- Time of India
Trump says US very close to a deal with China, 50-50 chance of having a deal with EU
US President Donald Trump today said that the United States is very close to a deal with China. During a press briefing with European Commission President Ursula von der Leyen , Trump also said that there is a 50-50 chance of having a US-EU trade deal but he said that the main sticking point is the fairness.
Indian Express
2 hours ago
- Indian Express
Head of China's Shaolin temple under investigation for alleged sexual misconduct, embezzlement
The abbot of China's Shaolin Temple, Shi Yongxin, is under criminal investigation for alleged embezzlement, sexual misconduct, and breaking Buddhist rules, according to a statement issued by the temple on Sunday, South China Morning Post (SCMP) reported. The temple, located in Henan province, said Shi Yongxin is suspected of 'misusing project funds and temple property,' and of 'having improper relations with multiple women over a long period and fathering children outside of marriage.' The statement, as quoted by SCMP, said Shi was 'being investigated jointly by several government departments' and that 'more details would be shared with the public in time.' Shaolin Temple is one of the most famous Buddhist monasteries in the world and is seen as the birthplace of Zen Buddhism and Shaolin kung fu. Shi, 60, became abbot in 1999 and has held top positions in Buddhist organisations, including serving as president of the Henan Provincial Buddhist Association since 1998. He was also a national lawmaker between 1998 and 2018. Shi was previously criticised in 2006 for accepting a luxury car from the local government for his work in promoting tourism. In 2015, he faced public accusations from a former disciple, who claimed Shi had fathered children and taken temple money for personal use. That same year, Shi and the temple were widely criticised for proposing a nearly US$300 million project in Australia that would include a temple, kung fu academy, and golf course. The SCMP said the current investigation comes amid broader scrutiny of Buddhist clergy in China, with several recent scandals involving misconduct. More details are expected as the investigation continues.
