English हिन्दी
Connect with us

Latest world news

Trump calls India’s tariff hike unacceptable, says will ask Modi to withdraw it

Published

on

Donald Trump

After the positive vibes from the cordial talks between US Secretary of State Mike Pompeo and Indian External Affairs Minister (EAM) S Jaishankar, the President of the United States – POTUS, as they call it – Donald Trump threw a spanner in the works ahead of his meeting with Prime Minister Narendra Modi on the sidelines of the G-20 summit in Japan.

Trump today (Thursday, June 27) demanded that India withdraw its increased trade tariffs, calling them “unacceptable.”

Trump said in a tweet: “I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!”

Trump has often commented on India’s tariff barriers, referring to India as “tariff king” and threatening to impose retaliatory tariffs on Indian products as well.

Immediately after PM Modi was sworn in for second term, Trump informed the US Congress of his decision to terminate India’s designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide “equitable and reasonable access to its markets.”

Accordingly, Washington withdrew the long-standing trade privileges for New Delhi under the Generalized System of Preferences (GSP) on June 1. Trump said the preferential status had allowed India to sell goods worth $5.6 billion duty-free.

The Generalised System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.

India has been a beneficiary of the US’ GSP programme since November 1975. As exports under GSP accounted for over 11 per cent of India’s total goods exports of .4 billion to the US in 2018, the withdrawal could affect India’s competitiveness in exports of 1,900 items, including organic chemical raw materials, iron, steel, furniture, aluminium and electrical machinery, as duties will now be levied on these products.

Also Read: Assam citizen’s list: 1 lakh more excluded ahead of July 31 deaadline

India, after extending the deadline for several times, slapped additional customs duties on 29 US products, including almond, walnut and pulses, with effect from June 16.

Quoting government sources, news agency Reuters reported that India rejected Trump’s argument, saying the tariffs were not that high compared to other developing countries.

Trump’s grouse has been that US is purchasing more from other nations than it sells, which has stunted manufacturing in the country.

Over the last several months, Washington imposed tariff and withdrew concessions on millions of dollars’ worth of goods from across the world and has been embroiled in a trade war, particularly with China. But other nations imposing retaliatory tariffs on the US is robbing Washington of the foreign markets it needs to sell its goods.

Yesterday, after his daylong talks with Foreign Minister Dr S Jaishankar, US Secretary of State Mike Pompeo, while defending his government’s decision, emphasised that the US needs greater access to the Indian market.

Also Read: US Secy of State Mike Pompeo meets PM Modi, External Affairs Ministers S Jaishankar

A state department fact sheet yesterday said, “There is enormous potential to grow our trade relationship and create the high-quality jobs that Prime Minister Modi wants if India lowers trade barriers and embraces fair and reciprocal trade”. It also emphasised that the Trump Administration was working to ensure that “American companies operating in India have the same level playing field that Indian companies enjoy in the United States.”

After yesterday’s meeting, Jaishankar said he has “pushed for a constructive and pragmatic view”, and the “real test of our intentions will be our ability to deal with this”.

He quoted Pompeo as saying that there has been a lot of “noise”, and the two sides need to go to the basics. “My confidence is reaffirmed about our ability to address (the issues). I am reassured about the solidity of the relationship,” he said.

The US Secretary of State also said the two sides need to work on these issues with “as little theatre as possible”. “We have to get the economic piece right. Great friends are bound to have disagreements,” Pompeo said, downplaying concerns.

PM Modi’s meeting with President Trump is expected to take the discussion forward.

Trump and Modi are scheduled to hold a bilateral summit tomorrow, Friday in Osaka, Japan.

India News

ChatGPT outage affects thousands of users globally, OpenAI reacts

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

Published

on

On January 23, OpenAI’s popular AI chatbot, ChatGPT, suffered a significant global outage, leaving millions of users unable to access the service. The disruption affected multiple access points, including the web interface, the mobile application, and even integrations on social media platforms like X (formerly Twitter). This widespread failure quickly drew significant attention, with reports flooding in from users worldwide.

The outage tracking website, Downdetector, registered a surge in user reports, exceeding a thousand complaints within a short period. This volume underscored the scale of the disruption and the significant impact on ChatGPT’s user base.

The majority of these reports indicated a complete inability to use the chatbot, highlighting the severity of the problem. A smaller percentage of users reported encountering difficulties with the website or API, suggesting a less comprehensive but still noticeable impact.

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

The official statements consistently described the problem as “degraded performance” and “elevated error rates” within the API, hinting at underlying technical issues that required investigation. However, specific details regarding the root cause remained undisclosed, pending a more thorough examination.

According to reports, the outage commenced around 5 PM IST and persisted for several hours. The lack of a definitive timeline and the ongoing nature of the disruption underlined the complexity of the problem and the challenges faced by OpenAI’s engineering teams in resolving the issue.

As of the latest updates, the exact cause of the outage remains under investigation by OpenAI. The company is actively working to restore full functionality and provide a more comprehensive explanation once the underlying problem has been identified and rectified.

Continue Reading

Latest world news

Prince Harry, Rupert Murdoch’s UK group reach settlement in surveillance case

The relentless media attention, he has claimed, also contributed to the intense pressure that led him and his wife, Meghan Markle, to step back from royal duties and relocate to the United States in 2020.

Published

on

Prince Harry has reached a settlement with Rupert Murdoch’s News Group Newspapers (NGN), bringing an abrupt end to a high-profile lawsuit alleging widespread phone hacking and unlawful surveillance.

The settlement, announced just as the trial was about to commence, includes substantial financial compensation for the Duke of Sussex and a formal, unequivocal apology from NGN. This marks a significant victory for Harry, who had accused the media giant of years of intrusive and illegal activities targeting his private life.

The apology, issued directly to Harry’s legal team, explicitly acknowledged the serious breach of privacy inflicted by both The Sun and the defunct News of the World. It detailed unlawful actions perpetrated between 1996 and 2011, including phone hacking, surveillance, and the use of private investigators to obtain sensitive information.

The statement specifically addressed the intrusive activities carried out by private investigators employed by The Sun, emphasizing the severity of the intrusion into Harry’s private life during his formative years. The apology extended to the distress caused to his late mother, Princess Diana, highlighting the impact of the media’s actions on the young prince.

This settlement represents one of three lawsuits filed by Harry against British media outlets, all stemming from accusations of privacy violations. He has consistently blamed the media for the relentless pursuit of his mother, Princess Diana, ultimately leading to her tragic death in a car crash in Paris while being chased by paparazzi.

The relentless media attention, he has claimed, also contributed to the intense pressure that led him and his wife, Meghan Markle, to step back from royal duties and relocate to the United States in 2020.

The case underscores the wider issue of phone hacking and media intrusion, exemplified by the notorious scandal that forced the closure of News of the World in 2011. The hacking of murdered schoolgirl Milly Dowler’s phone, during the police investigation into her disappearance, remains a particularly egregious example of the unethical practices employed by some sections of the British press.

Harry’s legal battle has brought renewed focus to this issue and the need for greater accountability within the media industry. The settlement, while ending this particular legal chapter, leaves a lasting legacy concerning media responsibility and the rights of public figures to privacy.

Continue Reading

Latest world news

China reacts to Donald Trump’s 10% tariff remarks, says it would protect its national interest

While acknowledging a willingness to maintain open communication channels and collaborative efforts with the U.S., China firmly rejected the notion of a trade war, emphasizing that such conflicts ultimately yield no winners.

Published

on

China has issued a firm response to US President Donald Trump’s renewed threat to impose a 10% tariff on Chinese imports, beginning February 1. The statement, released by the Chinese foreign ministry, underscores Beijing’s unwavering commitment to safeguarding its national interests amidst escalating trade tensions with the United States.

While acknowledging a willingness to maintain open communication channels and collaborative efforts with the U.S., China firmly rejected the notion of a trade war, emphasizing that such conflicts ultimately yield no winners.

The statement directly addresses Trump’s justification for the proposed tariffs, citing the flow of fentanyl from China through Mexico and Canada into the United States. This latest escalation marks a significant development in the long-standing trade dispute between the two economic giants.

The proposed tariffs, scheduled for implementation on February 1st, echo a similar threat made by Trump earlier, targeting Canada and Mexico with 25% tariffs over concerns about illegal immigration and fentanyl trafficking.

This consistent pattern of utilizing tariffs as a tool to address broader geopolitical concerns highlights the complex and multifaceted nature of the relationship between the United States and its major trading partners.

China’s economy, heavily reliant on exports to sustain its economic growth, faces significant vulnerability to such protectionist measures. Despite ongoing efforts to diversify its economy and boost domestic consumption, exports remain a crucial pillar of China’s economic engine. The potential impact of a 10% tariff on Chinese goods entering the U.S. market could trigger substantial ripple effects throughout the global economy.

The current trade tensions represent a continuation of a protracted struggle dating back to the Trump administration’s first term, marked by the imposition of substantial tariffs on Chinese imports over alleged unfair trade practices.

These actions were further reinforced by the subsequent Biden administration, which implemented sweeping measures aimed at restricting Chinese access to critical high-tech components.

Trump’s recent pronouncements signal a potential further escalation of these long-standing trade disputes. China’s response clearly indicates its readiness to defend its economic interests and navigate the complex landscape of international trade relations.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com