'Not until we get it resolved': Trump rules out trade talks with India
Friday, 8 August 2025 () President Trump declared that the U.S. will not engage in trade negotiations with India until the existing tariff dispute is resolved. This decision follows the U.S. imposing a 50% tariff on Indian exports, citing concerns over India's trade imbalance and continued purchase of Russian oil.
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...
Vladimir Putin has confirmed that a highly anticipated summit with Donald Trump could take place as early as next week in the UAE, calling it a potential “historical event.” With the U.S. deadline looming for Russia to show progress on ending the Ukraine war, the Kremlin is pushing for a “successful and productive” outcome. However, Kyiv is unlikely to be part of the talks, as Russia dismisses Zelensky's inclusion and continues to label him “illegitimate” due to his expired term.
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In a bold response to Trump’s steep 50% tariffs, India and Brazil have vowed to deepen strategic and trade ties. Following a key call between PM Modi and President Lula, both leaders condemned unilateral sanctions and pledged to defend multilateralism. They agreed on a joint framework spanning trade, energy, defense, and technology, aiming to boost bilateral trade to $20 billion by 2030. Lula confirmed a 2026 India visit, while VP Alckmin will attend trade talks in New Delhi this October.
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