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US-North Korea War Rhetoric Mounting

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US-North Korea War Rhetoric Mounting

[vc_row][vc_column][vc_column_text]Pyongyang to finalize plan to attack Guam by mid-August

Tension between US and North Korea has been mounting steadily and both capitals seem to be monitoring each other’s moves with utmost care. The Korean People’s Army (KPA) Strategic Force has now decided to finalize plan to launch Hwasong-12 rockets attack to hit the waters 30-40 km away from Guam, an unincorporated US territory in the Western Pacific Ocean  by mid-August, just five days from now. US Secretary of State Rex Tillerson has visited Guam on Wednesday to calm the residents’ concerns.

General Kim Rak Gyon, the Commander of KPAs Strategic Force, in a  late Wednesday statement said that, “it seems he (Trump) has not yet understood the statement. Sound dialogue is not possible with such a guy ‘bereft of reason’ and only absolute force can work on him.”

KPA’s statement further said, “The Hwasong artillerymen of the KPA Strategic Force are replete with a strong determination to fully demonstrate once again the invincible might of the force, which has developed into a reliable nuclear force of the Workers’ Party of Korea and the world’s strongest strike service, through the planned enveloping strike targeting the U.S. imperialist bases of aggression.”

According to the Korean Central News Agency (KCNA) the planned Hwasong-12 rockets will cross the sky above Shimane, Hiroshima and Kochi Prefectures of Japan, flying 3356.7 km for 1065 seconds (17.75 minutes) and hit the waters 30-40 km away from Guam.

According to KPA, the unprecedented step is aimed to give confidence in certain victory and courage to the Korean people and help them witness the “wretched plight of US imperialists.”

Meanwhile US Secretary of State Rex Tillerson, visited Guam on Wednesday. He said that he doesn’t believe there is “any imminent threat” and said that “Americans should sleep well at night.”

Guam Satellite View

“So I think…what the president is doing is sending a strong message to North Korea in language that Kim Jong-un would understand, because he doesn’t seem to understand diplomatic language,” Tillerson said.

US Defense Secretary Jim Mattis, also came up with a threat on Wednesday saying it “should cease any consideration of actions that would lead to the end of its regime and the destruction of its people.”   He further said, “The DPRK regime’s actions will continue to be grossly overmatched by ours and would lose any arms race or conflict it initiates.”

According to the KPA Strategic force statement, it will wait for the order of commander in- chief of the DPRK nuclear force after completing plan to launch the attack on Guam by mid-August.

Meanwhile, New York Times reported on Thursday that senior US officials were giving mixed signals on the North Korea issue. It says that the President’s advisors calibrated his dire warning with statements emphasizing different points. Secretary of State Rex W. Tillerson stressed diplomacy and reassured Americans that they could “sleep well at night,” while Defense Secretary Jim Mattis said North Korea risked “the end of its regime and the destruction of its people” if it did not “stand down.”

The present rhetoric between Washington and Pyongyang dramatically began after North Korea tested two Inter-Continental Ballistic Missiles (ICBM)  in July, which was followed by US imposing one billion trade sanctions against Kim Jong Un regime. Pyongyang rejected the White House move and threatened with its capacity to hit US mainland. President Trump responded with “fire and fury” statement forcing Pyongyang to announce its plan to hit Guam, an unincorporated US territory in the Western Pacific Ocean.

Meanwhile, Pyongyang witnessed a mass rally on Wednesday to display full support to the statement of the DPRK government. It was attended by senior most leaders of the Korean Social Democratic Party, Cabinet ministers, public organizations, industrial establishments and national institutions. The participants condemned the recent UN sanctions against the country.

Kim Ki Nam, member of the Political Bureau of the Workers Party of Korea holding several important offices in the ruling party said, “The U.S., the most shameless gangster-like state, framed up the “sanctions resolution” with dastards acting as voting machine without any principle. This is no more than desperate efforts of those frightened at the might of the DPRK which rose to the high strategic position as a nuclear power of Juche and world-level military power.” Juche, usually translated as “self reliance” is the official state ideology formulated by Kim Il-sung, the founder of North Korea in 1955.

On the contrary, CNN, in its latest analysis based on experts’ opinions, said, “Despite bellicose rhetoric coming from US President Donald Trump and North Korean leader Kim Jong-un, there are no signs the US is planning a first strike on North Korea or that Kim will make good on threats to hit the US territory of Guam.”[/vc_column_text][/vc_column][/vc_row]

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India considers tax relief to attract foreign investors amid Iran war impact

India is evaluating tax incentives, including a possible capital gains tax exemption on government securities for foreign investors, to support capital inflows amid economic pressures linked to the Iran war.

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India is considering a set of measures aimed at attracting more foreign investment as the ongoing Iran war continues to create pressure on the country’s economy, according to reports citing government sources. One of the key proposals under discussion is the removal of capital gains tax on investments made by foreign portfolio investors (FPIs) in government securities.

The move comes at a time when geopolitical tensions in West Asia have pushed up global oil prices, weakened investor sentiment and increased pressure on the Indian rupee. India, which imports a significant share of its crude oil requirements, has been among the countries closely monitoring the economic fallout from the conflict.

Government exploring ways to boost capital inflows

Officials are reportedly evaluating tax-related incentives to make Indian debt markets more attractive to overseas investors. The proposed exemption on capital gains from government securities is aimed at encouraging foreign portfolio investment and supporting capital inflows during a period of heightened global uncertainty.

The government is seeking to counter the impact of foreign capital outflows that have intensified amid concerns over the Iran conflict and its implications for energy markets and global economic growth.

Rupee and markets under pressure

Recent weeks have seen increased volatility in financial markets, with foreign investors pulling money out of Indian equities. Analysts have linked part of the pressure on the rupee to rising oil prices and continued overseas investor withdrawals.

Market participants believe that measures aimed at attracting foreign investment into government securities could help improve investor confidence and provide support to the domestic currency.

Broader economic concerns

The Iran war has added to concerns about inflation, economic growth and India’s external sector. Higher energy prices can increase import costs and put pressure on inflation, while sustained foreign capital outflows may affect financial market stability.

While no final decision has been announced, discussions on easing tax rules for foreign investors reflect the government’s efforts to strengthen capital inflows and cushion the economy from external shocks.

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US proposes new tariffs on India over forced labour concerns amid trade negotiations

The United States has proposed additional tariffs on imports from India and 59 other economies following a Section 301 investigation into forced labour-related trade concerns.

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Donald Trump statement

The United States has proposed imposing additional tariffs on imports from India and 59 other economies after concluding that these countries have not taken sufficient steps to prevent the importation of goods allegedly linked to forced labour. The proposal was announced by the Office of the US Trade Representative (USTR) as part of an investigation conducted under Section 301 of the US Trade Act.

According to the USTR’s findings, India could face an additional tariff of 12.5% on goods exported to the United States. The proposed measure is part of a broader plan targeting 60 economies, with tariff rates ranging between 10% and 12.5% depending on the findings related to each country.

India among countries facing higher tariff proposal

The USTR said India had not effectively enforced restrictions on imports made using forced labour, describing the issue as a burden on US commerce. The agency argued that inadequate enforcement by major trading partners creates unfair competition for American workers and businesses.

While countries including Canada, Mexico, the European Union and the United Kingdom are proposed to face a 10% tariff, India is among a larger group of economies that could be subjected to a 12.5% duty under the recommendation.

Proposal comes during India-US trade discussions

The tariff proposal has emerged while Indian and US officials are engaged in trade negotiations aimed at strengthening economic ties between the two countries. A US delegation led by Assistant USTR Brendan Lynch is currently holding discussions with Indian officials in New Delhi.

India’s Commerce Ministry has indicated that discussions with the United States on the matter are continuing and noted that the proposed tariffs have not yet been finalised. The USTR has invited public comments on the proposal until July 6, with a public hearing scheduled for July 7 before any final decision is taken.

Certain products may remain exempt

The proposed tariffs include exemptions for several categories of goods, including some energy products, pharmaceuticals, rare earth materials and selected agricultural commodities. Additional details regarding sector-specific measures, including proposed textile-related actions, are expected to be released separately.

The latest move follows a Section 301 investigation launched earlier this year into forced labour concerns across global supply chains. Any final decision on imposing the tariffs will be made after the consultation process is completed.

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Trump reportedly rebukes Netanyahu over Lebanon strikes amid ceasefire concerns

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US President Donald Trump reportedly delivered a sharp rebuke to Israeli Prime Minister Benjamin Netanyahu during a phone call over Israel’s military actions in Lebanon, as concerns grow that renewed hostilities could jeopardise fragile diplomatic efforts in the region.

According to multiple reports, Trump expressed frustration over Israeli strikes linked to ongoing tensions with Hezbollah in Lebanon. The reported exchange came at a sensitive time, with Washington attempting to prevent further escalation while also pursuing broader diplomatic discussions involving Iran.

Reports point to unusually tense exchange

Sources cited in international reports said Trump used unusually strong language during the conversation, warning that continued military actions risked damaging efforts to stabilise the situation. One report claimed Trump told Netanyahu that his actions were hurting Israel’s international standing and complicating diplomatic initiatives.

The reported disagreement followed Israeli operations against Hezbollah-linked targets in Lebanon. While Israeli officials argued that the actions were a response to security threats and ceasefire violations, the US administration has been pushing for restraint to avoid a wider regional conflict.

Lebanon fighting threatens broader diplomatic efforts

The latest tensions come amid efforts to maintain a ceasefire framework between Israel and Hezbollah. US officials have been involved in discussions aimed at reducing hostilities and preventing attacks on major Lebanese population centres, including Beirut.

Reports indicate that Trump personally intervened to discourage further escalation and support negotiations intended to preserve regional stability. Hezbollah has reportedly signalled a willingness to consider a broader ceasefire arrangement if reciprocal commitments are made.

Differing public messages after the call

Despite reports of a heated conversation, Trump later suggested publicly that discussions had been constructive and that progress had been made toward reducing tensions. Netanyahu, however, maintained that Israel would continue to respond to security threats and would not alter its overall approach toward Hezbollah if attacks persisted.

The developments highlight growing challenges facing diplomatic efforts in the Middle East, where the conflicts involving Israel, Lebanon and Iran remain closely interconnected. Analysts say any major escalation in Lebanon could further complicate ongoing negotiations and increase instability across the region.

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