Min Aung Hlaing, Myanmar’s ruling military general, proposed a reduced rate of 10% to 20%, with his country slashing its levy on U.S. imports to a range of zero to 10%.
US President Trump has broadened his trade war in recent days, setting new tariffs on a number of countries, including allies Japan and South Korea, along with a 50% tariff on copper.
During South Korean NSA's visit to the US, Trump sent a letter to President Lee, stating that US will begin imposing 25% tariffs on all South Korean imports starting 1 Aug.
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.
Addressing a press conference in Doha, the US president said that he encouraged Apple CEO Tim Cook to raise production in US, rather than expanding manufacturing in India.
Chinese officials say they reached an 'important consensus' & agreed to further the momentous talks. US Treasury Secretary Scott Bessent describes it as 'substantial progress'.
Trump has expressed optimism about reaching a tariff agreement ‘pretty quickly’, while Xi said that tariff & trade wars undermine the legitimate rights and interests of all countries.
A relatively newer player in Indian brokerage space, Gurugram-based INDmoney is the 11th largest firm in the country & the fastest growing, according to NSE.
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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