Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies.
Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation.
He hinted at imminent trade announcements with India and ongoing negotiations with South Korea and Japan, emphasizing that election cycles abroad are accelerating—not delaying—talks.
Bessent characterized India as an “easier” partner due to its transparent tariff regime.
The conversation reflects rising urgency in reshaping global trade relationships amid shifting geopolitical currents.
#ScottBessent #TradeDeals #USIndiaTrade #ChinaTariffs #SupplyChain #FairTrade #USJapanRelations #SouthKoreaTrade#USChinaRelations #GlobalEconomy #TradeNegotiations #IndiaTariffs #BidenTradePolicy #RetailSupply #AsiaUSDeals#Geopolitics #InternationalTrade #ElectionsAndTrade #TariffTalks #USAsiaPartnership
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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.
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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.
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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
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Credit: euronews (in English) Duration: 01:10Published
Prime Minister Narendra Modi and Chinese President Xi Jinping meet in China for high-stakes bilateral talks, pledging to strengthen friendship, trust, and cooperation. As the world watches, questions remain about border stability, strategic rivalry, and whether this is genuine diplomacy or a calculated power play. Full coverage of India-China relations, SCO updates, and what this means for Asia’s future.
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China is hosting the Shanghai Cooperation Organization (SCO) summit in Tianjin, drawing leaders from Russia, India, and across Asia, Europe, and the Middle East. President Vladimir Putin and Prime Minister Narendra Modi received grand ceremonial welcomes as the gathering began with traditional Chinese dance. With 20 world leaders in attendance, the summit underscores China’s ambition for a multipolar world order. Amid U.S. tariffs and global trade tensions, the SCO showcases stronger cooperation among member states and growing resistance to Western dominance.
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The United States has confirmed it will deploy its new Typhon missile system to Japan’s Iwakuni base for the upcoming “Resolute Dragon” drills. Russia and China have blasted the move, warning it could destabilize Asia and push the region toward war. Moscow calls it a “direct threat” to its security, while Beijing accuses Tokyo of fueling militarization and betraying its Asian neighbors. Analysts warn Japan risks becoming a frontline state in a future U.S.-Russia-China conflict. Is Washington lighting the fuse for a regional conflagration?
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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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At the #SCOSummit2025 in Tianjin, Pakistan’s PM Shehbaz Sharif faced a major diplomatic embarrassment as he was completely ignored by world leaders. While Indian PM Narendra Modi and Russian President Vladimir Putin shared warm greetings and an animated conversation, Sharif was left standing alone, seeking attention from Chinese President Xi Jinping—who walked past him without acknowledgment.
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More than 600 killed after 6.0 magnitude quake rocks Afghanistan
Local officials warned the death toll was likely to rise after the quake struck the province on Kunar in eastern Afghanistan near the Pakistan border.
READ MORE : http://www.euronews.com/2025/09/01/60-magnitude-earthquake-rocks-afghanistan-killing-at-least-10-people
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Credit: euronews (in English) Duration: 00:50Published
LIVE from Tianjin, China — Prime Minister Narendra Modi takes centre stage at the SCO Summit 2025 with a fiery address. In a bold and uncompromising tone, PM Modi delivered a direct message to Pakistan’s PM Shehbaz Sharif, calling out Islamabad over cross-border terrorism and the recent Pahalgam terror attack. With Xi Jinping, Vladimir Putin and other world leaders in attendance, Modi’s explosive remarks set the stage for a high-stakes diplomatic showdown at the SCO. Watch the full speech and analysis of how Modi’s words could reshape India’s relations with Pakistan and impact global geopolitics.
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A historic moment at the SCO Summit in Tianjin, China — world leaders gathered for the official family photo, with Prime Minister Narendra Modi in the front row, standing alongside Chinese President Xi Jinping and Russian President Vladimir Putin. The powerful image of unity comes as the West tries to isolate Russia over Ukraine and pressures India on its global stance. Xi and his wife Peng Liyuan also hosted a grand banquet for the international guests, highlighting the diplomatic weight of this summit. Analysts say this “unity pose” of Modi, Xi, and Putin sends a strong message to America, Pakistan, and the world: a new power balance is taking shape in Eurasia.
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Congress leader Jairam Ramesh criticized Prime Minister Modi for alleged “double standards” on terrorism after his meeting with Chinese President Xi Jinping... IndiaTimes
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