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Trump’s revised US tariffs take effect today: 25% on Indian goods, Pakistan gets relief with 19% rate

In Trump’s latest tariff reshuffle, India’s 25% rate remains unchanged, while Pakistan benefits from a 10% cut. The new duties are set to take effect within a week.

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In a major shake-up of global trade duties, US President Donald Trump has issued a new executive order imposing sharply revised tariffs on 69 trading partners, with India facing a continued 25% import duty while Pakistan has received a notable reduction. The decision, set to take effect in seven days, is part of Trump’s broader effort to realign trade in favor of American economic and national security interests.

The order, signed ahead of a key trade deadline, details new tariffs ranging from 10% to 50%. While Syria and Brazil top the list with tariffs of 41% and 50% respectively, India maintains its 25% rate amid ongoing trade tensions with Washington. On the other hand, Pakistan’s tariff has been slashed from 29% to 19%, offering some relief to its exporters.

US pushes for reciprocal trade terms

According to the executive order, countries not listed in the annex will face a default 10% tariff. The document notes that some nations have failed to propose “sufficiently fair” terms in trade negotiations or align with US priorities on economic and national security.

India’s 25% tariff remains a sticking point after trade talks faltered over agricultural market access. Washington also hinted at potential additional penalties in response to New Delhi’s continued oil imports from Russia. Despite ongoing negotiations, no breakthrough has been reported, sparking criticism from the Indian opposition and adding pressure on the rupee.

Canada penalized, Mexico gets delay

Canada, though exempt under the North American trade pact, faces increased tariffs — up from 25% to 35% — on goods linked to fentanyl-related concerns. In contrast, Mexico secured a 90-day delay from higher tariffs after direct talks between Trump and President Claudia Sheinbaum. However, tariffs of 50% on steel, aluminium, and copper, as well as 25% on autos, remain in place for Mexico.

Trump further claimed that Mexico agreed to scrap several Non-Tariff Trade Barriers immediately, though specifics were not disclosed.

Global ramifications and new deals ahead

The Trump administration hinted that more trade deals are in the pipeline, but details remain under wraps. South Korea, in one such agreement, accepted a 15% tariff in exchange for committing $350 billion in US investments.

The updated tariff schedule also affects Taiwan (20%), Switzerland (39%), Sri Lanka (20%), and Thailand (19%). Meanwhile, nations like the UK and Falkland Islands are subject to a lower 10% rate.

Amid this trade reconfiguration, China remains in a delicate position with an August 12 deadline to finalize a more permanent agreement, following earlier provisional accords.

As the global trade map shifts once again under Trump’s “reciprocal tariff” doctrine, India’s continued placement at 25% underlines persistent frictions in the US-India trade relationship — with no immediate resolution in sight.

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Madras High Court orders vigilance probe into alleged bribe in gold fraud case

The Madras High Court has ordered a vigilance probe into allegations that a senior lawyer received Rs 50 lakh in a gold trade fraud case registered by the CBI.

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The Madras High Court has directed a vigilance inquiry into allegations that a senior lawyer allegedly accepted Rs 50 lakh from accused individuals in a gold trade fraud case, purportedly to secure favourable judicial orders.

Justice Nirmal Kumar, who was hearing petitions related to the case, ordered the probe and subsequently recused himself from further proceedings.

Allegations linked to Rs 89.90 crore gold fraud case

The matter stems from a Rs 89.90 crore gold trade fraud case registered by the Central Bureau of Investigation (CBI). Two accused persons have moved the High Court seeking quashing of the case and discharge from the proceedings.

According to court records, a communication sent by a body identifying itself as the All India Lawyers Association for Justice to the judge and the Union Law Ministry alleged that a senior lawyer representing the petitioners had received Rs 50 lakh from the accused. The letter claimed the amount was meant to obtain favourable orders in the case.

Lawyer denies charges

Following receipt of the letter, the court summoned the concerned lawyer for clarification. The lawyer denied the allegations and stated willingness to cooperate with any inquiry.

The CBI’s special public prosecutor urged the court to disregard the letter, arguing that it affected the dignity of the institution and sought steps to identify the sender.

After considering the submissions, the court ordered a vigilance inquiry into the claims. Justice Nirmal Kumar then recused himself from hearing the related petitions.

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Rahul Gandhi meets farmers over India-US trade deal, BJP calls it stage-managed

Rahul Gandhi met farmer leaders over concerns surrounding the India-US trade deal, drawing sharp criticism from BJP, which termed the interaction stage-managed.

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Congress leader Rahul Gandhi met representatives of several farmer organisations at his Parliament office to discuss concerns related to the proposed India-US trade framework. The meeting has triggered sharp political reactions, with the Bharatiya Janata Party (BJP) alleging that the interaction was “stage-managed”.

According to details shared, Gandhi — who is the Leader of Opposition in the Lok Sabha — held discussions with representatives of 17 major farmer unions from across the country. The farm leaders conveyed apprehensions that the trade agreement could adversely affect cultivators, particularly those growing corn, soyabean, cotton, fruits and nuts.

They urged the need for a nationwide movement to safeguard farmers’ rights and protect their incomes from any potential impact of the agreement.

BJP alleges ‘artificial narrative’

Responding to the development, Union Minister Piyush Goyal criticised the Congress leader, terming the meeting “artificial” and “baseless”. In a video post on X, Goyal alleged that Gandhi was attempting to mislead farmers.

“Mr Rahul Gandhi has once again rolled out a stage-managed, most artificial and fake narrative,” Goyal said. He further claimed that individuals posing as farmer leaders were aligned with the Congress party and were part of an orchestrated attempt to create confusion.

The minister added that the government had fully protected the interests of farmers in the India-US trade deal and accused the opposition of provoking sentiment against the country’s economic policies.

What the India-US trade framework proposes

The interim trade agreement between India and the United States focuses on lowering tariff barriers while balancing domestic agricultural sensitivities. As part of the arrangement, the US has agreed to reduce reciprocal tariffs on Indian goods — from levels as high as 50 per cent to 18 per cent — benefiting sectors such as textiles, leather, footwear and pharmaceuticals.

The government has maintained that between 90 and 95 per cent of Indian agricultural products remain outside the scope of the agreement, ensuring protection for farmers.

The political exchange reflects broader debate over the potential implications of the trade framework, particularly for the agriculture sector.


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Ex-shooter of Mukhtar Ansari gang shot dead in Barabanki, 15 rounds fired

A former shooter linked to Mukhtar Ansari’s gang was killed in Barabanki after attackers fired 15 rounds at his vehicle during a 10-minute assault.

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A former shooter linked to the gang of Mukhtar Ansari was shot dead in Uttar Pradesh’s Barabanki district after unidentified attackers opened fire on his vehicle.

The deceased, Shoaib alias Bobby, had earlier been associated with Ansari’s criminal network. He was also an accused in the 1999 murder case of Lucknow jailer RK Tiwari.

Attack in Asaini area

According to police officials, the incident took place in the Asaini area when Shoaib was travelling from Barabanki towards Lucknow. A total of 15 rounds were fired at his vehicle during the attack.

Authorities said the firing continued for nearly ten minutes. Eyewitnesses reported hearing multiple gunshots as the vehicle came under sustained fire, creating panic in the locality. The scale of the assault and the number of bullets discharged indicate that more than one attacker may have been involved, police added.

Background of the deceased

Shoaib Bobby had been identified in the past as a shooter for the Ansari gang. He was named as an accused in the 1999 killing of jailer RK Tiwari in Lucknow.

About Mukhtar Ansari

Mukhtar Ansari, who was 63 at the time of his death in 2024, had been booked in 65 criminal cases over the years, including charges of murder and extortion. Despite his criminal record, he was elected five times as a Member of the Legislative Assembly from different political parties.

Born in 1963 into an influential family, Ansari entered organised crime during a period when contract mafia activities were prevalent in parts of Uttar Pradesh. From 2005 until his death, he remained lodged in various jails in Uttar Pradesh and Punjab.

Ansari died of cardiac arrest after being hospitalised in 2024. According to a medical bulletin issued in Hindi, he was shifted from jail in Banda to Rani Durgavati Medical College at around 8.25 pm after complaining of vomiting and being found unconscious.

Police are continuing their investigation into the Barabanki shooting.

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