‘Very Complicated …’ US Doubles Down On Strained Trade Ties With India As Modi Rejects Trade Deal
Video Credit: Oneindia - Duration: 03:15s - Published
‘Very Complicated …’ US Doubles Down On Strained Trade Ties With India As Modi Rejects Trade Deal
The India-US relationship has entered turbulent waters after US treasury secretary Scott Bessent warned that despite being “very complicated,” the two nations would eventually “come together.” His remarks came as Washington’s additional 25% tariff on Indian goods took effect, punishing New Delhi for buying Russian oil.
Combined with earlier duties, tariffs on Indian exports now reach a staggering 50%, hitting garments, jewellery, footwear, and chemicals—impacting over half of India’s $87 billion exports to America.
Bessent accused India of “profiteering” off Russian crude and dragging its feet in trade negotiations, while India dismissed the tariffs as “unjustified” and “unacceptable.” External Affairs Minister S Jaishankar bluntly told the West, “If you don’t like it, don’t buy.” Despite rising tensions, Bessent expressed confidence that President Trump and PM Modi’s strong personal ties could eventually heal the rift.
Trump has officially ruled out Scott Bessent for the next Fed chair, telling CNBC that Bessent “wants to stay where he is.” The decision follows the surprise resignation of Fed Governor Adriana Kugler, giving Trump another opportunity to reshape the Federal Reserve with loyalists. Remaining candidates include Kevin Warsh, Kevin Hassett, and Fed Governor Chris Waller—whom Trump praised as “very good.” With Powell’s term ending in 2026, Trump is considering naming a “shadow chair” to counteract his policies and align the Fed with his low-rate agenda.
#Trump #ScottBessent #FederalReserve #JeromePowell #KevinWarsh #KevinHassett #ChrisWaller #KuglerExit #TrumpFed #InterestRates #EconPolicy #TrumpVsPowell #MonetaryPolicy #USFed #ShadowChair #FedChairRace #TrumpEconomy #Bessent #TrumpAdmin #WhiteHouseMoves #TrumpNominees #BreakingNews #CNBCInterview #Trump2025 #FedPolitics #RateCuts #PowellCriticism #USMarkets #TrumpLoyalists #FederalBoard #EconShakeup
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US and China prepare to extend tariff pause after Stockholm talks
US Treasury Secretary Scott Bessent says President Trump must approve the pause before it can go ahead.
READ MORE : http://www.euronews.com/2025/07/30/us-and-china-agree-to-extend-tariff-pause-after-stockholm-trade-talks
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
Credit: euronews (in English) Duration: 01:10Published
Denmark has summoned the US envoy after explosive reports claimed individuals linked to Donald Trump secretly pushed for a secessionist movement in Greenland. According to Denmark’s national broadcaster, operatives tied to Trump tried to infiltrate Greenlandic society, recruit locals, and stir anti-Denmark sentiment to push the Arctic island closer to Washington. One alleged operative even compiled lists of critics and potential pro-Trump supporters in Greenland, while others forged links with politicians and business leaders. Denmark, which rules Greenland as a self-governing territory, called the reported interference “unacceptable” and “very serious.” The revelation revives tensions dating back to 2019 when Trump openly offered to buy Greenland, claiming it was vital for US security. Copenhagen strongly rejected that idea. Now, with accusations of a covert CIA-backed operation, relations between Denmark and the US face one of their most dramatic tests in decades.
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North Korean leader Kim Jong Un will stand alongside Russia’s Vladimir Putin and China’s Xi Jinping at Beijing’s massive “Victory Day” military parade next week, marking a rare international appearance for the reclusive leader. China’s foreign ministry confirmed Kim’s attendance, calling it a symbol of the nations’ “traditional friendship.” The parade, marking 80 years since China’s war against Japan and the end of World War Two, will showcase thousands of troops, tanks, aircraft, and new anti-drone systems. For Xi, hosting Kim and Putin in Beijing is a major diplomatic win, signaling China’s central role in global geopolitics at a time when US President Donald Trump pushes for talks with both leaders. South Korea’s President Lee Jae Myung has also been invited, raising the possibility of a rare North-South encounter. The spectacle will be closely watched as China displays power and positions itself as the key player in Asia’s balance of power.
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