Politics
Steep US tariffs set to hit Indian exports from Wednesday

Indian exporters are bracing for a sharp decline in orders from the United States after trade talks collapsed and Washington confirmed that steep new tariffs on the South Asian nation’s goods would take effect from Wednesday, escalating tension between the strategic partners.
An additional 25 per cent duty announced by President Donald Trump, confirmed in a notice by the Homeland Security Department, takes total tariffs to as much as 50pc, among Washington’s highest, in retaliation for New Delhi’s increased buying of Russian oil.
“The government has no hope for any immediate relief or delay in US tariffs,” said a commerce ministry official, who sought anonymity for lack of authorisation to speak to the media.
Exporters hit by tariffs would receive financial assistance and be encouraged to diversify to alternative markets such as China, Latin America and the Middle East, the official added.
However, the commerce ministry did not immediately respond to an email seeking comment on the latest notice.
The new duties will apply from 12:01am EDT on Wednesday (9:31am IST), it showed. Exceptions are shipments in transit, humanitarian aid and items under reciprocal trade programmes.
The Indian rupee fell to a three-week closing low of 87.68 against the dollar, despite recovering some ground after suspected central bank intervention to support it.
The benchmark equity indexes closed down 1pc each, for their worst sessions in three months.
Wednesday’s tariff move follows five rounds of failed talks, during which Indian officials had signalled optimism that tariffs could be capped at 15pc.
Officials on both sides blamed political misjudgment and missed signals for the breakdown in talks between the world’s biggest and fifth-largest economies, whose two-way trade is worth more than $190 billion.
White House trade adviser Peter Navarro and US Treasury Secretary Scott Bessent have accused India of indirectly funding Russia’s war against Ukraine by boosting Russian oil purchases.
This month, Bessent said India was profiteering from its sharply increased imports, making up 42pc of total oil purchases, versus less than 1pc before the war, in a shift Washington has called unacceptable.
India has issued no directive yet on oil purchases from Russia. Companies will continue to buy oil on the basis of economics, three refining sources said.
Exporter groups estimate hikes could affect nearly 55pc of India’s merchandise exports worth $87bn to the US, while benefiting competitors such as Bangladesh, China and Vietnam.
“The US customers have already stopped new orders,” said Pankaj Chadha, president of the Engineering Exports Promotion Council. “With these additional tariffs, the exports could come down by 20-30pc from September onward.”
The government has promised financial aid such as greater subsidies on bank loans and support for diversification in the event of financial losses, Chadha added.
“However, exporters see limited scope for diversifying to other markets or selling in the domestic market.”
The commerce ministry official said the government had identified nearly 50 countries to which India could boost exports, particularly items such as textiles, food processed items, leather goods and marine products.
India’s diamond industry exports have already hit a two-decade low on weak Chinese demand, and the higher tariffs now threaten to cut it off from its largest market, taking nearly a third of $28.5bn annual shipments of gems and jewellery.
Broader economic impact
Private sector analysts warn that a sustained 50pc tariff could weigh on India’s economy and corporate profits, prompting the steepest earnings downgrades in Asia, even if proposed domestic tax cuts partly cushion the blow.
Last week, Capital Economics said full US tariffs would chip 0.8 percentage points from India’s economic growth both this year and the next.
Foreign Minister S. Jaishankar also said trade talks continued and Washington’s concern over Russian oil purchases was not equally applied to other major buyers such as China and the European Union.
The US could be a major energy supplier to India, an official of its New Delhi embassy said on Tuesday.
The US is committed to collaborating with India on exports of high-quality products and services to help achieve energy security and economic growth, the official added.
Prime Minister Narendra Modi has vowed not to compromise the interests of Indian farmers, even if it entails a heavy price. Modi is also moving to burnish ties with China, planning his first visit there in seven years at the end of the month.
Politics
Trump says US ‘wants to help China, not hurt it’


- US president says Xi doesn’t want depression for his country.
- Washington ratcheted up economic measures against Beijing.
- Rare earths are major striking point between two superpowers.
President Donald Trump said on Sunday the United States wants to help China, not hurt it, striking a conciliatory tone days after threatening an additional 100% tariff on the world’s second-largest economy.
Trump’s statements on Friday, as well as his threat to cancel a meeting with Xi later this month, sent Wall Street stocks tumbling into negative territory as traders worried the trade war between Washington and Beijing could reignite.
“The U.S.A. wants to help China, not hurt it!!!” Trump said in Sunday’s post on Truth Social, adding that “respected President Xi (Jinping)… doesn’t want Depression for his country.”
Trump on Friday said that he would impose the extra levies from November 1 in response to what he called “extraordinarily aggressive” new Chinese export curbs on the rare-earths industry.
Beijing, in turn, accused Washington of acting unfairly, with its Ministry of Commerce on Sunday calling Trump’s tariff threat a “typical example of ‘double standards’.”
The ministry said Washington had ratcheted up economic measures against Beijing since September.
“Threatening high tariffs at every turn is not the right approach to engaging with China,” it said in an online statement.
Chinese goods currently face US tariffs of 30% under levies that Trump imposed while accusing Beijing of aiding in the fentanyl trade as well as unfair trade practices.
China’s retaliatory tariffs are currently at 10%.
Rare earths have been a major sticking point in recent trade negotiations between the two superpowers.
They are critical to manufacturing everything from smartphones and electric vehicles to military hardware and renewable energy technology but produced and processed almost exclusively by China.
Politics
Australian airline Qantas says millions of customers’ data leaked online


- Major cyberattack hits global firms via Salesforce.
- Sensitive customer details exposed, no financial data.
- Global tech and airline giants targeted in breach.
SYDNEY: Australian airline Qantas said Sunday that data from 5.7 million customers stolen in a major cyberattack this year had been shared online, part of a leak affecting dozens of firms.
Disney, Google, IKEA, Toyota, McDonald’s and fellow airlines Air France and KLM are also reported to have had data stolen in a cyberattack targeting software firm Salesforce, with the information now being held to ransom.
Salesforce said this month it was “aware of recent extortion attempts by threat actors”.
Qantas confirmed in July that hackers had targeted one of its customer contact centres, breaching a computer system used by a third party now known to have been Salesforce.
They secured access to sensitive information such as customer names, email addresses, phone numbers and birthdays, the blue-chip Australian company said.
No further breaches have taken place since and the company is cooperating with Australian security services.
“Qantas is one of a number of companies globally that has had data released by cyber criminals following the airline’s cyber incident in early July, where customer data was stolen via a third party platform,” the company said in a statement.
Most of the data leaked was names, email addresses and frequent flyer details, the firm said.
But some of the data included customers’ “business or home address, date of birth, phone number, gender and meal preferences”.
“No credit card details, personal financial information or passport details were impacted,” Qantas said.
It also said it had obtained a legal injunction with the Supreme Court of New South Wales, where the firm is headquartered, to prevent the stolen data being “accessed, viewed, released, used, transmitted or published”.
Cybersecurity expert Troy Hunt told AFP that it would do little to prevent the spread of the data.
“It’s frankly ridiculous,” he said.
“It obviously doesn’t stop criminals at all anywhere, and it also really doesn’t have any effect on people outside of Australia.”
In response to questions about the leak, tech giant Google pointed AFP to an August statement in which it said one of its corporate Salesforce servers had been targeted. It did not confirm if the data had been leaked.
“Google responded to the activity, performed an impact analysis and has completed email notifications to the potentially affected businesses,” Melanie Lombardi, head of Google Cloud Security Communications, said.
Cybersecurity analysts have linked the hack to individuals with ties to an alliance of cybercriminals called Scattered Lapsus$ Hunters.
Research group Unit 42 said in a note the group had “asserted responsibility for laying siege to customer Salesforce tenants as part of a coordinated effort to steal data and hold it for ransom”.
The hackers had reportedly set an October 10 deadline for ransom payment.
‘Oldest tricks in the book’
The hackers stole the sensitive data using a social engineering technique, referring to a tactic of manipulating victims by pretending to be a company representative or other trusted person, experts said.
The FBI last month issued a warning about such attacks targeting Salesforce.
The agency said hackers posing as IT workers had tricked customer support employees into granting them access to sensitive data.
“They have been very effective,” expert Hunt said.
“And it hasn’t been using any sophisticated technical exploits… they have exploited really the oldest tricks in the books.”
The hack of data from Australia’s biggest airline comes as a string of major cyberattacks in the country has raised concerns about the protection of personal data.
Qantas apologised last year after a glitch with its mobile app exposed some passengers’ names and travel details.
And major ports handling 40% of Australia’s freight trade ground to a halt in 2023 after hackers infiltrated computers belonging to operator DP World.
Politics
Sheikh Hasina’s Awami League turns to flash protests ahead of polls


DHAKA: Once Bangladesh’s largest political party, the Awami League has been outlawed since its leader, Sheikh Hasina, was overthrown in a mass uprising last year.
Now, its supporters — encouraged by Hasina’s social media calls to “resist” — are staging flash mob protests defying the ban as the country prepares for elections from which the party is barred.
In the capital, Dhaka, 45-year-old cleaner Mohammad Kashem described witnessing around 25 Awami League loyalists being chased, beaten, and detained by police at one such rally.
“It’s happening all over Dhaka,” Kashem told AFP, saying videos of such spontaneous demonstrations appear constantly on social media.
“We see it every day on Facebook.”
The elections, expected in February 2026, will be the first since Hasina fled into exile in India as crowds stormed her palace, ending her 15-year rule.
She has since defied court orders to attend her ongoing trial on charges amounting to crimes against humanity for allegedly ordering a deadly crackdown during the revolt.
Her party and its supporters have since been pushed underground.
More than 800 have been arrested in connection with the flash mobs, say officials, which have rattled the interim government of Nobel laureate Muhammad Yunus as he oversees the South Asian nation of 170 million until the polls.
‘Abandoned’
Still, they protest. Some rallies consist of only a handful of young men. Others draw more than 100, chanting slogans.
“Sheikh Hasina is coming!” they shout, waving small placards or unfurling banners. “Bangladesh is smiling!”
They gather for a few minutes before vanishing into the crowds.
Sometimes, multiple flash protests erupt simultaneously in different parts of Dhaka. On one day, police arrested 244 people, authorities said.
The risks are high. In the rally Kashem witnessed, several protesters were badly beaten.
“Stupid boys,” Kashem said. “The heavyweight leaders abandoned them… yet they’re risking their lives.”
The protests have unnerved Yunus’s government.
“The fascists have turned reckless, as they can see that the country is heading towards an election and the trial process (of Hasina) is progressing fast,” Yunus’s press secretary Shafiqul Alam told reporters last month.
“The government has decided to strengthen the monitoring of flash processions and other illegal gatherings.”
Hasina remains vocal on social media, issuing broadsides against Yunus and urging loyalists to “resist”.
Bangladeshi newspapers, quoting a senior party leader in hiding, reported at least 20 flash processions in the past month.
Dhaka police spokesman Md Talebur Rahman could not confirm the number of protests, but said “more than 800 people” had been arrested in connection with them.
Political analyst Zahed Ur Rahman, a member of the government’s electoral reform commission, said Hasina was risking protesters’ safety to maintain relevance.
“She is trying to earn sympathy by widely sharing the beatings, chases, dispersals and arrests of her party members,” Zahed told AFP.
‘Proper action’
Human Rights Watch has condemned the “draconian” ban on the Awami League.
“The interim government should not be engaging in the same partisan behaviour that Bangladeshis had to endure under Sheikh Hasina, whether it is stuffing the prisons with political opponents or shutting down peaceful dissent,” HRW’s Meenakshi Ganguly said.
But analysts say the protests could complicate election preparations.
Inspector General of Police Baharul Alam said “different interest groups” were trying to derail the election, including the “defeated axis”.
Tajul Islam, chief prosecutor in Hasina’s trial in absentia, said that a judicial probe was underway into the Awami League.
“Once the investigation report is ready, proper action will be taken,” Islam said.
The Awami League remains defiant.
Senior leader Khalid Mahmud Chowdhury, whose current whereabouts are unclear, insists that protesters were taking to the streets out of “love” for Hasina.
He told AFP that he revelled in the trouble they have caused.
“Have you noticed how these activities have robbed the government of sleep?”
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