Uzbekistan, Eritrea to establish diplomatic relations
Uzbekistan and the State of Eritrea signed a Joint Communiqué on the establishment of diplomatic relations through their respective UN Missions....
India has proposed a steep reduction in average tariffs on U.S. goods - from nearly 13% to under 4% - in a strategic move to secure exemption from current and future tariff hikes under President Donald Trump, according to Indian officials familiar with the talks.
India is prepared to significantly narrow its tariff gap with the United States, offering to reduce the average tariff differential from nearly 13% to less than 4%, sources revealed. The proposal aims to secure relief from President Donald Trump’s current and planned tariff increases as both nations accelerate efforts to finalize a trade agreement.
This potential 9-percentage point cut would mark one of India’s most sweeping reforms to lower trade barriers and comes amid Trump's global push for more reciprocal trade terms. The United States is India’s top trading partner, with bilateral trade totaling around $129 billion in 2024. India currently holds a $45.7 billion surplus in the trade relationship.
Trump recently secured what he called a “breakthrough deal” with the UK, keeping a 10% base U.S. tariff on British imports while reducing UK tariffs on American goods - an approach that may shape upcoming deals with other partners, including India.
India is now among the top candidates - along with Japan - to conclude a trade agreement during the Trump administration’s 90-day pause on broader reciprocal tariffs. As part of its current offer, New Delhi has proposed reducing duties to zero on 60% of tariff lines and providing preferential access on 90% of goods imported from the U.S., an official said.
Details of India’s comprehensive tariff offer, and what it expects in return from Washington, had not been made public until now. A delegation of Indian trade officials is expected to travel to the U.S. later this month to continue talks, with a possible visit by Trade Minister Piyush Goyal under consideration.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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