Category: 2. World

  • King Charles is helping ‘reinvigorate’ shaken UK-France relations

    King Charles is helping ‘reinvigorate’ shaken UK-France relations

    Paul Kirby profile image
    Paul Kirby

    Europe digital editor

    BBC Treated image of King Charles and Emmanuel Macron.BBC

    Few scenes convey British pomp and soft power more than the King and Queen in a carriage procession through the picturesque streets of Windsor. They are being joined on Tuesday by Emmanuel and Brigitte Macron for the first state visit by a French president since 2008, and the first by a European Union leader since Brexit.

    The Prince and Princess of Wales will be there too – a Royal Salute will be fired and Macron will inspect a guard of honour. But at a time of jeopardy in Europe, this three-day visit to Windsor and London promises much more than ceremony.

    There is a genuine hope that the coming days will make a difference to both countries.

    Getty Images Prime Minister Sir Keir Starmer meets with French President Emmanuel Macron and German Chancellor Friedrich Merz onboard a train to the Ukrainian capital Kyiv, where all three were due to hold meetings with Ukrainian President Volodymyr Zelensky Getty Images

    Macron and Starmer joined the German chancellor on a train ride to Kyiv recently, sending a powerful message of support for Ukraine at a time when US commitment appeared to be flagging

    Macron will address MPs and peers at Westminster, and he and Brigitte will be treated to a state banquet back at Windsor. The trip will culminate with a UK-France summit, co-chaired by Sir Keir Starmer and Macron, during which the two governments hope to reach an agreement on the return of irregular migrants.

    They will also host Ukraine’s leader by video as they try to maintain arms supplies to his military.

    But the wider question is how closely aligned they can really become, and whether they can put any lingering mistrust after Brexit behind them.

    And, given that the trip will involve much pageantry – with the tour moving from the streets of Windsor, the quadrangle of the Castle and later to the Royal Gallery of the Palace of Westminster – how crucial is King Charles III’s role in this diplomacy?

    Resetting a ‘unique partnership’

    It was less than two months ago that the UK and EU agreed to “reset” relations in London. Ties with France in particular had warmed considerably, driven partly by personal understanding but also strategic necessity.

    The two neighbours have much in common: they are both nuclear powers and members of the United Nations Security Council.

    They are also both looking to update a 15-year-old defence pact known as the Lancaster House treaties, which established a 10,000-strong Combined Joint Expeditionary Force (CJEF), and they have recently been working on broadening it to include other Nato and European countries.

    Getty Images Keir Starmer is greeted by Emmanuel Macron ahead of the 'Coalition Of The Willing' summit in support of Ukraine at Elysee Palace on 27 March 2025 in Paris, France.Getty Images

    Macron has seen much of Sir Keir lately at summits in London, Canada and The Hague – and Starmer has visited France five times since becoming PM

    “It has always been a unique partnership,” says former French ambassador to the UK Sylvie Bermann. “I think this partnership will be crucial in the future.”

    All of this is unlikely to escape the notice of US President Donald Trump, who is also promised a state visit, his second to the UK, probably in September.

    King Charles is ‘more than a figurehead’

    King Charles, who is 76, has already navigated some complex royal diplomacy this year.

    Macron was the first European leader to visit Trump in the White House in February, but it was Sir Keir who stole the show days later, handing him a personal invitation from the King.

    Then, when Ukraine’s President Volodymyr Zelensky returned to Europe fresh from a bruising meeting with Trump at the White House in February, it was King Charles who welcomed him to Sandringham, and then met him again at Windsor in June.

    He has spoken in the past of the heroism of Ukrainians in the face of “indescribable aggression”.

    Even before ascending the throne, King Charles amassed decades of experience in international affairs (he is also fluent in French). He was only 21 when he attended the funeral in 1970 of Charles de Gaulle, the wartime general who became the architect of France’s current Fifth Republic.

    Getty Images The Shah of Iran, Prince Charles and Prince Harald of Norway attend Mass for General de Gaulle at Notre Dame, on 13 November 1970 in Paris, France.Getty Images

    King Charles at 21, attending the Mass for Charles de Gaulle in Paris

    He went on to become the longest-serving Prince of Wales in history, and now he is King he has weekly audiences with the prime minister. “The choreography is a strange dance, I suspect, between Number Ten and the Palace,” says royal commentator Richard Fitzwilliams.

    “There’s no doubt at all that Charles is considerably more than a figurehead.”

    Windsor Castle, which dates back to the first Norman king, William the Conqueror, has hosted French presidents before. But there is a quiet significance in the appearance of the Prince and Princess of Wales in welcoming Emmanuel and Brigitte Macron, as Catherine recovers from treatment for cancer.

    Between them, the King and Macron have played their part in resetting relations between the two neighbours, and by extension with the European Union too.

    AFP via Getty Images Queen Camilla plays table tennis, next to King Charles III and Brigitte Macron, during a visit to the Saint-Denis, a northern suburb of Paris, on 21 September 2023.AFP via Getty Images

    Queen Camilla played table tennis at a sports centre in Paris with Brigitte Macron

    The King is a francophile, says Marc Roche, a columnist and royal commentator for French media: “He has always had a good relationship with France.”

    A year after the death of Queen Elizabeth II, it was France that King Charles and Queen Camilla chose for their first state visit in September 2023.

    Macron had reminded the world in 2022 that the late Queen had “climbed the stairs of the Élysée Palace” six times – more than any other foreign sovereign. His words were warmly received in the UK.

    The King received a standing ovation after an address in French to the Senate, and the Queen played table tennis at a sports centre with Brigitte Macron. France’s first lady has since visited her in London for a cross-Channel book award.

    Gentle touches they may have been, but it followed a very rough period in Franco-British relations.

    Brexit negotiations soured relations

    The mood had soured during negotiations over Brexit, which the French president said was based on a lie.

    Then four years ago, Australia pulled out of a deal to buy 12 French submarines and signed a defence pact with the UK and US instead. The French foreign minister called it a “stab in the back”.

    Boris Johnson, who was prime minister at the time, told the French they should “prenez un grip” and “donnez-moi un break”.

    Getty Images Boris Johnson and Emmanuel Macron point at each other on 18 June 2020 in London, England.Getty Images

    French-British relations soured during negotiations over Brexit, which Macron (pictured with Johnson in 2020) said was based on a lie

    It had been Macron’s idea for a European Political Community (EPC) in 2022 that brought the UK into a broad group of countries all seeking to respond to Russia’s full-scale invasion.

    In 2023 the then-Prime Minister, Rishi Sunak, sought to turn the page on several years of frosty relations at a Franco-British summit in Paris.

    British and French prime ministers have come and gone: the UK had three in 2022, and last year France had four. It was Sunak’s team that organised last year’s EPC summit at Blenheim, but it was Starmer as new prime minister who chaired it.

    Sébastien Maillard, who helped advise the French presidency in setting up the EPC, said he believed “on both sides there is still a lack of trust… The memory of these difficult times has not vanished”.

    “Trust needs time to build and perhaps the Russian threat, support for Ukraine and how to handle Trump are three compelling reasons to rebuild that trust,” says Maillard, who is now at the Chatham House think tank.

    Susi Dennison, of the European Council on Foreign Relations in Paris, agrees relations with France are not back to pre-Brexit levels, but suggests some things the UK and France are “bickering” about were being argued over even before the Brexit vote.

    For Macron, this is a chance to not only improve the relationship but also to shine on the international stage when his popularity at home has sunk, Mr Roche believes. “It’s a very important visit, especially the first day, because the French are fascinated by the Royal Family.”

    After eight years in power, Macron’s second term still has almost two years to run, but he has paid the price politically for calling snap elections last year and losing his government’s majority. His prime minister, François Bayrou, faces a monumental task in the coming months in steering next year’s budget past France’s left-wing and far-right parties.

    As president, Macron’s powers – his domaine réservé – cover foreign policy, defence and security, but traditionally France’s prime minister does not travel with the head of state, so Macron comes to the UK with a team of ministers who will handle far more than international affairs.

    The difficult question of migration

    During the summit, the two teams will also work on nuclear energy, artificial intelligence and cultural ties. Differences still have to be sorted over “post-Brexit mobility” for students and other young people, and France is expected to push the Starmer government on that.

    But most of the headlines on Thursday’s UK-France summit will cover the two main issues: defence and migration.

    Defending Ukraine will take pride of place. An Élysée Palace source said it would discuss “how to seriously maintain Ukraine’s combat capability” and regenerate its military.

    “On defence our relationship is closer than any other countries,” says former ambassador Sylvie Bermann. “We have to prepare for the future… to strengthen the deterrence of Europe.”

    Getty Images French Police enter the water to try and stop migrants boarding small boats that had come to collect them from further down the coastline on 13 June 2025 in Gravelines, France.Getty Images

    Both countries want to sign an agreement on migrant returns. More than 20,000 people have arrived in the UK in small boats in the first six months of 2025

    And if a ceasefire were agreed in Ukraine, the two countries could provide the backbone of the “reassurance force” being proposed by the “coalition of the willing”. Sir Keir and Macron have played a prominent part in forming this coalition, but so too have the military chiefs of staff of both countries.

    Migration is the stickiest problem the two countries face, however. How they deal with their differences on it – particularly on small boats – is crucial to their future relationship.

    They are especially keen to sign an agreement on migrant returns and on French police stopping people boarding “taxi boats” to cross the Channel.

    France has long argued that the UK has to address the “pull factors” that drive people to want to risk their lives on the boats – the UK, for its part, already pays for many of the 1,200 French gendarmes to patrol France’s long northern coastline to stop the smugglers’ boats.

    Getty Images Macron and King Charles toast glasses, while looking happy and wearing black tie outfitsGetty Images

    King Charles previously called on France and the UK to find common ground “to reinvigorate our friendship”

    The countries are believed to have been working on the terms of a “one-in, one-out” agreement, so that for every small-boat arrival in the UK that France takes back, the UK would allow in one asylum seeker from France seeking family reunification.

    Several countries on the southern coasts of Europe are unimpressed because it could mean France sending those asylum seekers handed back by the UK on to their country of entry into the EU, bordering the Mediterranean.

    In the UK, the opposition Conservatives have branded the idea “pathetic”, accusing the government of a “national record – for failure” on curbing small-boat crossings.

    And yet every country in Europe is looking for a way to cut illegal border crossings. Meghan Benton, of the Migration Policy Institute, believes a Franco-British deal could work as a possible pilot for the rest of Europe: “What works for the Channel could also work for the Mediterranean.”

    Any agreement on this tricky issue could also signal a real, practical improvement in the countries’ political relationship. France’s right-wing Interior Minister, Bruno Retailleau, has already been working with Labour’s Home Secretary Yvette Cooper to try to find a workable solution.

    How far they get, and its wider impact on Europe, is still to be decided, but it does reflect a new willingness between the two neighbours to tackle the divisions between them.

    Boris Johnson once accused France of wanting to punish the UK for Brexit. That difficult chapter appears to be over.

    As Susi Dennison puts it: “There’s a certain distance that will always be there, but things are operating quite well.”

    During King Charles’ 2023 state visit to France he called on the two countries to find common ground, “to reinvigorate our friendship to ensure it is fit for the challenge of this, the 21st Century”.

    And so this visit will help show – both in the relationships between individuals and on concrete policy debates – whether his call has been answered.

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  • UN limits fuel stock in Gaza to life-saving efforts, urges Israel to allow fuel in without delay-Xinhua

    UN limits fuel stock in Gaza to life-saving efforts, urges Israel to allow fuel in without delay-Xinhua

    Palestinians flee the al-Tuffah neighborhood in eastern Gaza City on June 29, 2025. (Photo by Rizek Abdeljawad/Xinhua)

    “Service providers such as hospitals have been rationing supplies. But this cannot sustain critical operations for much longer,” the UN Office for the Coordination of Humanitarian Affairs (OCHA) said.

    UNITED NATIONS, July 7 (Xinhua) — Four months into an Israeli blockade on Gaza, virtually all the United Nations’ remaining fuel stock in Gaza has been allocated to just life-saving efforts, UN humanitarians said on Monday.

    “Service providers such as hospitals have been rationing supplies. But this cannot sustain critical operations for much longer,” the UN Office for the Coordination of Humanitarian Affairs (OCHA) said. “The absence of accessible fuel means no ambulances, no electricity for hospitals, and no clean water.”

    OCHA said Israeli authorities must allow fuel to enter Gaza without delay.

    The office said its telecommunications partners warned that Gaza could imminently suffer an internet blackout due to the fuel shortage.

    This latest crisis, the humanitarians said, comes as civilians in Gaza face deadly violence not only from the continuing hostilities but also, reportedly, while going to retrieve food aid in the face of starvation.

    OCHA said more Palestinians were reportedly killed over the weekend while attempting to access food.

    The World Food Programme (WFP) reported that a recent survey showed nearly one in three people go without eating for days, placing more people at risk of starvation.

    WFP Deputy Executive Director Carl Skau, who visited Gaza City last week, described the situation as the worst he has ever seen, according to the food agency.

    “It’s hard to find words to describe the level of desperation I have witnessed,” Skau was quoted as saying. “People are dying just trying to get food.”

    Skau said that a mother told him she had gone to a kitchen hoping to find a hot meal, but fainted. There were no meals. She later went home without anything for her children. Skau said he also met a father who had lost 25 kilos in the past two months due to the scarcity of meals.

    OCHA said that with the ever-increasing, massive humanitarian needs, the Israeli authorities must open all available crossings into Gaza, fully facilitate humanitarian access within the strip, and protect civilians in line with their obligations under international humanitarian law.

    The office also said the Israeli authorities issued another displacement order on Sunday for parts of Khan Younis. It was the second time in two days. More than 50,000 people were estimated to be in the areas slated for displacement.

    “Since the ceasefire ended in March, more than 700,000 people have been displaced, often more than once, with no safe place to go,” OCHA said. “Overcrowding is particularly acute in Al-Mawasi and other coastal areas.”

    The UN Population Fund reported that amid food scarcity and soaring malnutrition, women continue to bear an immense burden of finding food to feed their families. Most women report depression or suffer from nightmares and anxiety.

    Humanitarian teams reported continued efforts to coordinate movements in Gaza with the Israeli authorities. On Sunday, three out of eight coordination attempts were denied, hindering the ability to carry out critical operations.

    “The UN calls for immediate, unimpeded humanitarian access so that aid can reach people across Gaza, including in the north,” OCHA said.

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  • Lula tells Trump that world does not want ’emperor’ after U.S. threatens BRICS tariff

    Lula tells Trump that world does not want ’emperor’ after U.S. threatens BRICS tariff

    Brazilian President Luiz Inacio Lula da Silva speaks during a press conference at the 17th annual BRICS summit in Rio de Janeiro, Monday, July 7, 2025.
    | Photo Credit: AP

    Developing nations at the BRICS summit on Monday (July 7, 2025) brushed away an accusation from President Donald Trump that they are “anti-American,” with Brazil’s President saying the world does not need an emperor after the U.S. leader threatened extra tariffs on the bloc.

    Trump’s threat on Sunday (July 6, 2025) night came as the U.S. government prepared to finalize dozens of trade deals with a range of countries before his July 9 deadline for the imposition of significant “retaliatory tariffs.”

    The Trump administration does not intend to immediately impose an additional 10% tariff against BRICS nations, as threatened, but will proceed if individual countries take policies his administration deems “anti-American,” according to a source familiar with the matter.

    Lula on Trump tariff

    At the end of the BRICS summit in Rio de Janeiro, Mr. Lula was defiant when asked by journalists about Trump’s tariff threat: “The world has changed. We don’t want an emperor.”

    “This is a set of countries that wants to find another way of organizing the world from the economic perspective,” he said of the bloc. “I think that’s why the BRICS are making people uncomfortable.”

    In February, Mr. Trump warned the BRICS would face “100% tariffs” if they tried to undermine the role of the U.S. dollar in global trade. Brazil’s BRICS presidency had already backed off efforts to advance a common currency for the group that some members proposed last year.

    But Mr. Lula repeated on Monday (July 7, 2025) his view that global trade needs alternatives to the U.S. dollar.

    “The world needs to find a way that our trade relations don’t have to pass through the dollar,” Mr. Lula told journalists at the end of the BRICS summit in Rio de Janeiro.

    “Obviously, we have to be responsible about doing that carefully. Our central banks have to discuss it with central banks from other countries,” he added. “That’s something that happens gradually until it’s consolidated.”

    Other BRICS members also pushed back against Trump’s threats more subtly.

    South African President Cyril Ramaphosa told reporters that the group does not seek to compete with any other power and expressed confidence in reaching a trade deal with the U.S.

    “Tariffs should not be used as a tool for coercion and pressuring,” Mao Ning, the Chinese foreign ministry spokesperson said in Beijing. The BRICS advocates for “win-win cooperation,” she added, and “does not target any country.”

    A Kremlin spokesperson said Russia’s cooperation with the BRICS was based on a “common world view” and “will never be directed against third countries.”

    India did not immediately provide an official response to Mr. Trump.

    Many BRICS members and many of the group’s partner nations are highly dependent on trade with the United States. New member Indonesia’s senior economic minister, Airlangga Hartarto, who is in Brazil for the BRICS summit, is scheduled to go to the U.S. on Monday (July 7, 2025) to oversee tariff talks, an official told Reuters. Malaysia, which was attending as a partner country and was slapped with 24% tariffs that were later suspended, said that it maintains independent economic policies and is not focused on ideological alignment.

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  • 24 Palestinians killed in Israeli attacks across Gaza





    24 Palestinians killed in Israeli attacks across Gaza – Daily Times





























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  • Donald Trump threatens Japan and South Korea with steep tariffs

    Donald Trump threatens Japan and South Korea with steep tariffs

    Unlock the White House Watch newsletter for free

    This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here

    Good morning and welcome back to FirstFT Asia. In today’s newsletter:

    • Trump threatens Asian allies with steep tariffs

    • Wall Street trading firm fights India ban

    • Hong Kong’s listings pipeline hits record high

    • Dishoom’s guide to dining in Mumbai


    Donald Trump has renewed his threat to hit major trading partners with steep “reciprocal” tariffs even as he granted a three-week reprieve for countries to negotiate trade deals with the US.

    What happened: Trump sent letters to Japan and South Korea, both among the US’s biggest trading counterparts, saying the country would impose 25 per cent levies beginning on August 1. The president also announced big levies on Malaysia, South Africa and several other countries. The tariffs were roughly on a par with those Trump unveiled during his “liberation day” announcement on April 2.

    In the letters, addressed to Shigeru Ishiba, Japan’s prime minister, and Lee Jae-myung, South Korea’s president, Trump said that if either country increased its tariffs in retaliation “then, whatever the number you choose to raise them by, will be added on to the 25 per cent that we charge”. But he indicated that the proposed tariffs could be negotiated down if the countries opened their markets

    Market reaction: The scale of Trump’s tariff threats yesterday pressured markets despite the delay in their implementation. The S&P 500 ended Monday down 0.8 per cent. Meanwhile, the Japanese, South Korean and South African currencies all declined about 1 per cent against the US dollar.

    Here’s what else we’re keeping tabs on today:

    • Economic data: Taiwan publishes June inflation and trade figures.

    • Monetary policy: The Reserve Bank of Australia is expected to cut interest rates. (The Guardian)

    • Asean meeting: Foreign ministers from the south-east Asian bloc gather in Kuala Lumpur, Malaysia, for meetings continuing until Friday. US secretary of state Marco Rubio is expected to be in attendance.

    Five more top stories

    1. Jane Street plans to contest a finding by India’s financial regulator that the Wall Street trading firm engaged in “an intentional, well planned, and sinister scheme” to manipulate the country’s markets. The Securities and Exchange Board of India banned Jane Street from dealing securities in the country and ordered the firm to return more than $550mn of “illegal gains”. 

    2. Iran’s president Masoud Pezeshkian has said that Israel attempted to assassinate him during last month’s 12-day war between the two countries. Pezeshkian made the claim in a video interview with American conservative media personality Tucker Carlson, during which he also signalled that Iran remains open to renewed diplomacy with the US over the Islamic republic’s nuclear programme. Read the full story.

    3. Russia’s state investigative authority said yesterday that the country’s transport minister had died from a suspected suicide, on the same day he was fired by President Vladimir Putin. Roman Starovoyt’s death came amid a corruption probe into the construction of defensive fortifications in Kursk, which he governed until May 2024.

    4. Italian authorities have arrested a Chinese citizen suspected of being linked to a state-sponsored hacking group that sought to steal Covid-19 vaccine secrets from the US at the height of the pandemic. The Beijing-backed group was accused of penetrating Microsoft email software in 2021 in a mass espionage campaign, a person familiar with the matter said.

    • EU-China climate stand-off: The EU is holding back on signing a joint declaration on climate action with China at a leaders’ summit this month, unless Beijing pledges greater efforts to cut its greenhouse gas emissions.

    5. Tesla shares tumbled after the electric-car maker’s chief executive Elon Musk said he would form a new political party, escalating a feud with Trump that could imperil the billionaire’s business empire. A return to political activism is contrary to what Musk promised shareholders in late April.

    The Big Read

    Almasa Salihović, whose brother was among more than 8,000 Bosnian Muslims rounded up and murdered by Bosnian Serbs in 1995, walks among graves at the memorial centre in Srebrenica © László Balogh/FT

    ​As the world prepares to mark the anniversary of the Srebrenica massacre three decades ago this week, Bosnia and Herzegovina is facing a risky moment of political upheaval. Read why trouble is brewing again in the ethnically riven Balkan state.

    We’re also reading . . . 

    • Immigration crackdown: Trump has catapulted ICE into America’s best-funded law enforcement agency — and increasingly beyond accountability, writes Edward Luce.

    • Death of the apprenticeship model?: As hybrid working and AI upend on-the-job learning, employers will have to be more deliberate in the training they offer junior staff, writes Emma Jacobs.

    • BlackRock’s HPS takeover: The public markets giant tried private credit once before. Will its latest big foray fare better?

    Chart of the day 

    The number of companies applying for a listing in Hong Kong this year has hit an all-time high, as the territory tries to regain its status as a top financial hub.

    Some content could not load. Check your internet connection or browser settings.

    Take a break from the news

    . . . and check out Dishoom’s guide to dining in Mumbai. The cousins behind the cult Indian restaurant chain share where they eat and drink in the megalopolis that inspires their cuisine.

    Dishoom founders Shamil Thakrar and Kavi Thakrar sitting on a slatted-front cabinet in front of a red and white wall on which are hung photographic portraits. To the right of the images is a yellow and red weight-checking machine
    Dishoom founders Shamil Thakrar and Kavi Thakrar © Tami Aftab

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  • Extending the Modification of the Reciprocal Tariff Rates – The White House

    Extending the Modification of the Reciprocal Tariff Rates – The White House

    By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:

    Section 1.  Background.  In Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits), I found that conditions reflected in large and persistent annual U.S. goods trade deficits constitute an unusual and extraordinary threat to the national security and economy of the United States that has its source in whole or substantial part outside the United States.  I declared a national emergency with respect to that threat, and to deal with that threat I imposed additional ad valorem duties that I deemed necessary and appropriate.
    Section 4(c) of Executive Order 14257 provides that, “[s]hould any trading partner take significant steps to remedy non-reciprocal trade arrangements and align sufficiently with the United States on economic and national security matters, I may further modify the [Harmonized Tariff Schedule of the United States] to decrease or limit in scope the duties imposed under this order.” 
    In Executive Order 14266 of April 9, 2025 (Modifying Reciprocal Tariff Rates To Reflect Trading Partner Retaliation and Alignment), I determined that it was necessary and appropriate to temporarily suspend, for a period of 90 days, application of the additional ad valorem rate of duties for products of the foreign trading partners listed in Annex I to Executive Order 14257, except with respect to the People’s Republic of China (PRC), and to instead impose on articles of all such trading partners an additional ad valorem rate of duty of 10 percent, subject to the terms of Executive Order 14257, as amended.  I made this determination in light of the “sincere intentions” and willingness of these trading partners to address the national and economic security concerns of the United States.  This 90-day suspension expires at 12:01 a.m. eastern daylight time on July 9, 2025.  
    I have determined, based on additional information and recommendations from various senior officials, including information on the status of discussions with trading partners, that it is necessary and appropriate to extend the suspension effectuated by Executive Order 14266 until 12:01 a.m. eastern daylight time on August 1, 2025.  With respect to the PRC, the separate tariff suspension effectuated by Executive Order 14298 of May 12, 2025 (Modifying Reciprocal Tariff Rates To Reflect Discussions With the People’s Republic of China), remains in effect and is unaltered by this order.

    Sec2.  Tariff Modifications.  The Harmonized Tariff Schedule of the United States (HTSUS) shall be modified, effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on July 9, 2025, by suspending headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, and subdivisions (v)(xiii)(1)-(9) and (11)-(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS, until 12:01 a.m. eastern daylight time on August 1, 2025.

    Sec3.  Implementation.  The Secretary of Commerce, the Secretary of Homeland Security, and the United States Trade Representative, as applicable, in consultation with the Secretary of State, the Secretary of the Treasury, the Assistant to the President for Economic Policy, the Senior Counselor for Trade and Manufacturing, the Assistant to the President for National Security Affairs, and the Chair of the International Trade Commission, are directed and authorized to take all necessary actions to implement and effectuate this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices in the Federal Register and by adopting rules, regulations, or guidance, and to employ all powers granted to the President by IEEPA, as may be necessary to implement this order.  Each executive department and agency shall take all appropriate measures within its authority to implement this order.

    Sec4.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
    (i)   the authority granted by law to an executive department, agency, or the head thereof; or
    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
    (d)  The costs for publication of this order shall be borne by the Office of the United States Trade Representative.

    DONALD J. TRUMP

    THE WHITE HOUSE,
        July 7, 2025.

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  • Brics nations hit back at ‘emperor’ Donald Trump over tariff threats – Financial Times

    Brics nations hit back at ‘emperor’ Donald Trump over tariff threats – Financial Times

    1. Brics nations hit back at ‘emperor’ Donald Trump over tariff threats  Financial Times
    2. Trump threatens extra 10% tariff on nations that side with Brics  BBC
    3. Asia-Pacific markets mixed after Trump shifts goalposts on tariffs again  CNBC
    4. Trump threatens new tariffs on nations supporting ‘anti-American’ policies of BRICS group  CNN
    5. 币安广场  Binance

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  • BRICS criticism brings Trump 10% tariff threat

    BRICS criticism brings Trump 10% tariff threat


    RIO DE JANEIRO:

    US President Donald Trump threatened China, India, and some of the world’s fastest-emerging economies with higher import tariffs, hitting back at BRICS criticism of his trade policies as the bloc meets Monday.

    The 11-nation grouping — which also includes US allies Brazil, Saudi Arabia, and Indonesia — is concluding a two-day summit in Rio de Janeiro.

    On Sunday, BRICS leaders described Trump’s stop-start tariff wars as “indiscriminate,” damaging, and illegal, drawing a late-night rebuke from the pugilistic US president.

    “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Trump wrote on social media.

    BRICS members account for about half the world’s population and 40 percent of global economic output.

    Conceived two decades ago as a forum for fast-growing economies, BRICS has come to be seen as a Chinese-driven effort to curb US global influence.

    But it is a quickly expanding and often divergent grouping — bringing together arch US foes like Iran and Russia, with some of Washington’s closest allies in Latin America, the Middle East, Africa, and Asia.

    Some US allies inside the bloc had tried to blunt criticism of Trump by not mentioning him or the United States by name in their summit statement.

    Saudi Arabia — one of the world’s biggest purchasers of US high-tech weapons — even kept its foreign minister away from Sunday’s talks and a BRICS group photo of leaders, seemingly to avoid Washington’s ire.

    But such diplomatic gestures were lost on the US president.

    In April, Trump threatened a slew of punitive duties, before backing off in the face of a fierce market sell-off.

    Now he is threatening to impose unilateral levies on trading partners unless they reach “deals” by August 1, with BRICS nations seemingly faced with higher tariffs than planned.

    It cannot have helped that BRICS leaders also condemned the recent US and Israeli bombing of Iran’s nuclear facilities — a show of solidarity with fellow member Iran.

    Beijing on Monday insisted BRICS was not seeking confrontation with the United States.

    “China has repeatedly stated its position that trade and tariff wars have no winners and protectionism offers no way forward,” foreign ministry spokeswoman Mao Ning said. AFP

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  • US revokes ‘terrorist’ designation for Syrian president’s former group HTS | Syria’s War News

    US revokes ‘terrorist’ designation for Syrian president’s former group HTS | Syria’s War News

    The move follows the lifting of sanctions on Damascus after the fall of the al-Assad government last year.

    The United States will revoke its designation of Hayat Tahrir al-Sham (HTS) as a foreign terrorist organisation (FTO) as Washington softens its approach to post-war Syria following the fall of Bashar al-Assad’s government last year.

    The decision, which takes effect on Tuesday, comes as part of US President Donald Trump’s broader strategy to re-engage with Syria and support its reconstruction after more than a decade of devastating conflict.

    “This FTO revocation is an important step in fulfilling President Trump’s vision of a stable, unified, and peaceful Syria,” US Secretary of State Marco Rubio said in a statement Monday.

    HTS had been designated as a “terrorist” group by the US since 2018 due to its former ties to al-Qaeda.

    The group emerged out of the al-Nusra Front, once al-Qaeda’s official branch in Syria, but formally severed those ties in 2016 after HTS leader Ahmed al-Sharaa declared the group’s independence.

    Al-Sharaa, who led the opposition forces that removed al-Assad in a lightning offensive last December, has since become Syria’s president.

    He has launched what many experts have described as a charm offensive aimed at Western powers, including meetings with French President Emmanuel Macron and, most recently, Trump in Riyadh in May.

    The Trump administration and the European Union have since lifted sanctions on Syria.

    “In line with President Trump’s May 13 promise to deliver sanctions relief to Syria, I am announcing my intent to revoke the Foreign Terrorist Organization (FTO) designation of al-Nusrah Front, also known as Hay’at Tahrir al-Sham (HTS), under the Immigration and Nationality Act,” Rubio said.

    “Tomorrow’s action follows the announced dissolution of HTS and the Syrian government’s commitment to combat terrorism in all its forms.”

    HTS was dissolved in late January, with its forces folded into the official Syrian military and security forces.

    Damascus welcomed the US decision as a step towards normalisation. In a statement, Syria’s Ministry of Foreign Affairs said the delisting of HTS was a “positive step toward correcting a course that previously hindered constructive engagement”.

    The ministry added that it hoped the move would “contribute to the removal of remaining restrictions that continue to impact Syrian institutions and officials, and open the door to a rational, sovereign-based approach to international cooperation”.

    Meanwhile, HTS remains under United Nations Security Council sanctions, which were imposed in 2014 over its previous affiliation with al-Qaeda. Al-Sharaa also remains under UNSC sanctions, which can only be removed by the Council itself.

    Al-Sharaa is reportedly preparing to attend the UN General Assembly in New York this September.

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  • Tesla stock tanks after Trump dismisses Musk’s new political party plan and calls him ‘off the rails’

    Tesla stock tanks after Trump dismisses Musk’s new political party plan and calls him ‘off the rails’


    London
    CNN
     — 

    Shares in Tesla plunged 6.79% Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from President Donald Trump.

    Shares in Tesla (TSLA) had dropped as much as 7.6% in premarket trading. The stock pared some of its earlier losses but still posted its biggest single-day loss since June 5, when Musk and Trump traded barbs on social media.

    Tesla short sellers made roughly $1.6 billion in profit on Monday, according to data from analytics firm ORTEX.

    “I’m saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump wrote on his Truth Social platform late Sunday, also mentioning Musk’s Saturday announcement that he is forming a political party to rival the main Republican and Democratic parties.

    Ahead of boarding Air Force One in New Jersey Sunday, Trump also called Musk’s announcement “ridiculous” and said it would sow confusion.

    Neil Wilson, a strategist at UK trading platform Saxo Markets, said Monday that Tesla investors were concerned on two fronts: firstly, that further friction between Musk and Trump would lead to additional cuts to US government EV subsidies and, secondly, that Musk appeared “distracted.”

    “Investors had cheered Musk stepping back from frontline politics but are now worried he’s going to (be) sucked back in and take his eye off Tesla,” Wilson wrote in a note.

    Trump and Musk began trading barbs in early June after the Tesla CEO criticized Trump’s so-called “Big, Beautiful Bill” — a massive tax and domestic policy bill, which the president signed into law last week. Musk has argued that the policies will add trillions of dollars to the federal budget deficit.

    “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk said on his social media platform, X, Saturday. “Today, the America Party is formed to give you back your freedom.”

    Trump, in his Sunday post, said third political parties “have never succeeded in the United States” and that “the one thing (they) are good for is the creation of Complete and Total DISRUPTION & CHAOS.”

    Tesla’s fortunes have taken a turn in recent months as it has grappled with intensifying competition from rival EV makers and the fallout from Musk’s foray into US politics.

    Last week, the company reported a record fall in second-quarter sales, selling 13.5% fewer vehicles compared with the same period in 2024. For that year, Tesla has also reported its first-ever annual decline in sales as a public company. The drop was small — around 1% — though it marks a striking turnaround for an automaker historically accustomed to robust sales growth.

    Notably, Tesla is poised to lose its title as the world’s largest EV maker, based on annual sales, to Chinese automaker BYD, even though BYD has not entered the US market.

    Meanwhile, Musk’s recent involvement at the wheel of the US government, helming the Department of Government Efficiency and spearheading mass layoffs of federal workers, has, among other controversies, sparked protests outside Tesla’s showrooms worldwide.

    In May, Musk announced he would step down from his government position, raising hopes among investors that he will now have more time to work on his companies, which include SpaceX and X. But the billionaire’s feud with Trump, and likely upcoming attempts to woo voters to his new party, have thrust him back into the political arena.

    Shares of Tesla nearly doubled after election day, setting a record high in mid-December thanks to investor expectations that an alliance between Trump and Musk would be beneficial for Tesla. But the controversy and blowback caused by Musk’s political activities sent shares tumbling, and they’ve lost more than a third of their value from since.

    CNN’s Michael Williams, John Towfighi and Chris Isidore contributed reporting.

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