China faces a 12 Aug deadline to seal a lasting tariff deal with Trump, after earlier pacts in May and June paused weeks of tit-for-tat tariffs and a rare earths export threat.
The US president says the tariffs imposed on China are a penalty to make up for the losses incurred by the US due to the alleged trafficking of the drug.
The two countries had agreed on a 90-day pause & lifting restrictions on Chinese exports needed for US semiconductor, electronics, and defence production in May this year.
China’s finance ministry insists the US must stop suppressing Beijing firms, lift Xinjiang-related product bans, and take tangible measures to address its economic concerns.
China wants international shippers of meat and soybeans to attest that their cargo meets safety standards, a requirement companies are wary of for fear of liability.
The deal sees US suspending plans for new tariffs on $160 billion of Chinese imports while China agrees to increase its purchases of American agricultural products.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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