Politics
Trump signs order extending China tariff truce for another 90 days

US President Donald Trump on Monday signed an order delaying the return of higher tariffs on Chinese goods, just hours before a trade truce between Washington and Beijing was set to expire.
The White House said the suspension of steeper tariffs will now remain in place until November 10.
“I have just signed an Executive Order extending the Tariff Suspension on China for another 90 days,” Trump announced on his Truth Social platform.
The truce on increased levies had been due to end Tuesday.
Earlier this year, the US and China imposed escalating tariffs on each other’s goods, pushing them to triple-digit levels and straining global trade.
In May, however, both sides agreed to temporarily lower tariffs the US rate dropping to 30 percent and China’s to 10 percent.
Those reduced rates will now stay in effect until November, or until a new deal is reached.
Almost simultaneously with Trump’s announcement, Chinese state media Xinhua reported that Beijing would extend its side of the truce for 90 days from August 12, maintaining its 10-percent duty.
The report added that China would also suspend or remove certain non-tariff countermeasures against the US as outlined in the Geneva joint declaration.
In Monday’s executive order, the White House reiterated its view that large and persistent US trade deficits pose “an unusual and extraordinary threat” to national security and the economy.
It also acknowledged China’s recent steps toward addressing US concerns amid ongoing talks to improve trade reciprocity.
Analysts remain cautious. William Yang of the International Crisis Group warned that Beijing may be reluctant to make major concessions, seeing rare earth exports as a bargaining tool to pressure Washington.
US-China Business Council president Sean Stein called the extension “critical,” saying it gives both governments time to work toward an agreement that would offer companies the stability they need for planning.
A trade deal, in turn, would “pave the way for a Trump-Xi summit this fall,” said Asia Society Policy Institute senior vice president Wendy Cutler.
But Cutler, herself a former US trade official, said: “This will be far from a walk in the park.”
Since Trump took office, China’s tariffs have essentially boomeranged, from the initially modest 10 percent hike in February, followed by repeated surges as Beijing and Washington clashed, until it hit a high of 145 percent in April.
Now the tariff has been pulled back to 30 percent, a negotiated truce rate.
Even as both countries reached a pact to cool tensions after high level talks in Geneva in May, the de-escalation has been shaky.
Key economic officials convened in London in June as disagreements emerged and US officials accused their counterparts of violating the pact. Policymakers met again in Stockholm last month.
Trump said in a social media post Sunday that he hoped China will “quickly quadruple its soybean orders,” adding this would be a way to balance trade with the United States.
China’s exports reached record highs in 2024, and Beijing reported that their exports exceeded expectations in June, climbing 5.8 percent year-on-year, as the economic superpower works to sustain growth amid Trump’s trade war.
Separately, since returning to the presidency in January, Trump has slapped a 10-percent “reciprocal” tariff on almost all trading partners, aimed at addressing trade practices Washington deemed unfair.
This surged to varying steeper levels last Thursday for dozens of economies.
Major partners like the European Union, Japan and South Korea now see a 15-percent US duty on many products, while the level went as high as 41 percent for Syria.
The “reciprocal” tariffs exclude sectors that have been targeted individually, such as steel and aluminum, and those that are being investigated like pharmaceuticals and semiconductors.
They are also expected to exclude gold, although a clarification by US customs authorities made public last week caused concern that certain gold bars might still be targeted.
Trump said Monday that gold imports will not face additional tariffs, without providing further details.
The president has taken separate aim at individual countries such as Brazil over the trial of former president Jair Bolsonaro, who is accused of planning a coup, and India over its purchase of Russian oil.
Canada and Mexico come under a different tariff regime.
Politics
India let Iran warship dock the day US sank another off Sri Lanka, say officials

India has allowed an Iranian warship to dock as a humanitarian gesture, Foreign Minister Subrahmanyam Jaishankar said on Saturday, after the US sank another Iranian navy vessel off neighbouring Sri Lanka.
The Lavan docked at India’s southern port of Kochi on Wednesday, the same day the US submarine struck Iranian navy frigate Dena, after an urgent request from Tehran, an Indian government source told Reuters.
US President Donald Trump has said destroying the Iranian navy is one aim of the war he and Israel launched against the Islamic Republic a week ago.
The Lavan – an amphibious landing vessel, according to the US Naval Institute’s online news site – and two other ships “were coming in for a fleet review and then they got, in a way, caught on the wrong side of the events,” Jaishankar told the annual Raisina Dialogue event.
“I think we really approached it from the point of view of humanity, of other than whatever the legal issues were,” he said. “I think we did the right thing.”
At least 87 people were killed in the US attack on the Dena in Sri Lanka’s exclusive economic zone, 19 nautical miles off the coast, outside its maritime boundaries.
India received the docking request for the Lavan on February 28, the day the Iran war started, the source said late on Friday, adding that the request “was urgent as the vessel had developed technical issues”.
Its 183 crew members have been accommodated at naval facilities in Kochi, said the source, who asked not to be identified citing confidentiality.
The Dena was on its way back from a naval exercise organised by India, according to the drill’s website and Sri Lankan officials.
Sri Lankan authorities said on Friday that they were escorting the Iranian naval ship Booshehr to a harbour on the eastern coast and moving most of its crew to a navy camp near Colombo.
Politics
Nepal’s rapper-mayor Balendra Shah poised to become prime minister

- Shah’s popularity driven by social media and youth connection.
- RSP party’s manifesto promises job creation and economic growth.
- Final results covering 165 seats decided by direct vote expected within days.
After Nepal’s historic youth-led uprising last September killed 77 people and forced then-Prime Minister KP Sharma Oli to resign, a 35-year-old rapper-turned-politician posted a typically terse message to millions of followers on social media.
“Dear Gen Z, the resignation of your killer has come,” Balendra Shah — popularly known only as Balen — wrote. “Now your generation will have to lead the country. Be prepared.”
Five months on, the musician who cut his political teeth in 2022 when he became the mayor of the capital Kathmandu, is poised to become Nepal’s next prime minister following the country’s first election since the September uprising.
Shah’s Rastriya Swatantra Party (RSP) was leading in around 100 seats, far ahead of its main rivals, early counting trends from the election commission showed on Friday.
Final results, covering 165 seats decided by direct vote and 110 through proportional representation, are expected within days.
The Nepali Congress, currently in second place, has already conceded defeat, and analysts said the RSP’s dominant showing means it will likely form the next government.
“Balen Shah is so popular that now buses coming to Kathmandu have stickers on them saying, ‘Headed to Balen’s city'”, said Bipin Adhikari, a constitutional law expert who teaches at Kathmandu University.
If Shah is able to take power, it would cap a dramatic rise for a man who entered the public spotlight with rap music critical of the establishment and parleyed his popularity to ascend to high political office.

It would also potentially reshape the politics of Nepal, a small Himalayan nation wedged between China and India, that has long been dominated by a handful of established parties.
‘Not a cakewalk’
Some of Shah’s nationwide appeal is driven by the work he has done as the mayor of Kathmandu, where he focused on improving the urban infrastructure, such as waste management, and ensuring the delivery of services like healthcare.
He has also faced criticism, including from Human Rights Watch, for allegedly using police to seize the properties of street vendors and landless people.
Shah — who resigned as mayor in January to contest the general election — did not respond to requests for an interview and questions from Reuters sent via email.
Unlike much of Nepal’s political elite comprising veterans from older generations, Shah has made it a habit to largely shun the mainstream press.
Instead, it is his prolific social media presence, with over 3.5 million followers on platforms like Facebook, that enables him to connect directly with young Nepalis.
“What makes Balen special is that he stays connected with the youth through his short messages on social media, but it would not be a cakewalk for him after becoming prime minister,” said independent political analyst Puranjan Acharya.
‘Let me speak’
Born to a father who practiced traditional Ayurvedic medicine and a homemaker mother, Shah showed an early inclination towards poetry that evolved into a love of rap music, influenced by American artists including Tupac Shakur and Curtis “50 Cent” Jackson, according to an aide.

After securing an undergraduate degree in civil engineering in Nepal, Shah went on to study for a master’s degree in structural engineering in southern India — by which time he had already emerged as a rap star in his home country.
His songs, often taking on Nepal’s ruling class, struck a chord with many in a country where about 20% of the 30 million population live in grinding poverty.
Released in 2019, one of Shah’s best-known songs, “Balidan” — or sacrifice in the Nepali language — has over 12 million views on YouTube.
Its lyrics read:
“Let me speak, sir, it is not a crime,
Let me open the mind, I am not a curse to the palace,
My mind is not bad, it is not afraid to speak the truth.”
‘Wood attacked by termites’
Last December, Shah joined the RSP, led by former TV host-turned-politician Rabi Lamichhane, as its prime ministerial candidate.

In its manifesto, Shah’s RSP has vowed to create 1.2 million jobs and reduce forced migration, in an effort to tap into frustration over unemployment and low wages that have pushed millions of Nepalis to search for work overseas.
The party has also pledged to raise Nepal’s per capita income from $1,447 to $3,000, more than double the nation’s economy to $100 billion GDP and provide safety nets such as healthcare insurance for the entire population — all within five years.
At the national level, analysts foresee that if he is elected, much of Shah’s success will depend on the talent he surrounds himself with to overhaul a moribund administrative system, riven by corruption.
“It needs a team, experts and support,” Acharya said, “Under the existing state apparatus, he can’t perform and he will be finished like wood attacked by termites.”
Politics
India under fire after US says it ‘allowed’ Russian oil purchases

- US grants India 30-day Russian oil waiver.
- Congress says Washington dictates India’s oil choices.
- Tamil Nadu CM questions India seeking foreign approval.
KARACHI: India’s Narendra Modi-led government has come under renewed criticism from opposition parties and sections of the public after the United States said it had temporarily allowed Indian refiners to buy Russian oil stranded at sea, The News reported.
The criticism centres on a statement by US Treasury Secretary Scott Bessent, who said in a post on X early Friday that the Treasury Department was issuing a 30-day waiver to allow Indian refiners to purchase Russian oil in order to keep oil flowing into the global market.
Opposition parties argued that the move made India appear dependent on Washington’s approval. In a post on X, the Congress party said the Modi government had led the country “to a situation where the United States is now deciding where India can buy oil from and where it cannot”.
The waiver, which the US Treasury Secretary Scott Bessent said was issued to “enable oil to keep flowing into the global market,” comes under heightened tensions in the Middle East following the US-Israeli attack on Iran, sparking uncertainty around oil.
It should be noted that India had earlier said it would stop purchasing Russian oil as part of a trade deal with the US.
MK Stalin, chief minister of the southern state of Tamil Nadu, questioned why India should appear to seek approval from any foreign government to meet its energy needs.
“Equally troubling is the sinking of the unarmed Iranian warship IRIS Dena by the United States soon after it participated in the International Fleet Review 2026 naval exercise hosted by India in Visakhapatnam. When a ship that came to India as part of a multinational exercise meets such a fate, India cannot appear silent or passive,” he added.
Bessent further added, “This deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorises transactions involving oil already stranded at sea. India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of US oil. This stop-gap measure will alleviate pressure caused by Iran’s attempt to take global energy hostage.”
Journalist Rana Ayyub added with America’s permission, “we now sound like an American colony”.
India was the top buyer of Russian seaborne crude after Moscow’s 2022 Ukraine invasion, but in January its refiners started to reduce purchases under pressure from Washington. Cutting Russian oil purchases helped New Delhi avoid 25 per cent tariffs and clinch an interim trade deal with the US.
India is vulnerable to energy supply shocks, with crude stocks covering only about 25 days of demand. India receives about 40% of its oil imports from the Middle East through the Strait of Hormuz.
According to The Guardian, which quoted Reuters, a source directly involved with the matter said India had approached Trump’s administration seeking approval to buy Russian crude imports because of the Iran conflict.
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