Early bird: Trump wants to impose a 25 percent tariff on all Indian imports and sanctions on Russian energy exports. After France and Great Britain, Canada also plans to recognize Palestine
Donald Trump warned of the threat of imposing a 25 percent tariff on all Indian imports and threatened further sanctions. At the same time, he announced that he will impose secondary sanctions on Russian energy exports due to its ongoing war in Ukraine.After the United Kingdom and France, Canada also recognized Palestine as a state, as announced yesterday by its Prime Minister Mark Carney.
Trump plans to impose sanctions on India and Russia
US President Donald Trump intensified pressure on India when just a few days before the tariff deadline he questioned prospects for a deal with this key trading partner of the United States. In two social media posts, he sharply attacked Indian trade barriers and focused on this country's ongoing dependence on purchases of Russian oil and military equipment. He warned of the threat of imposing a 25 percent tariff on all Indian imports and threatened further sanctions. At the same time, he said he would impose secondary sanctions on Russian energy exports. All this happens in response to the fact that Russian President Vladimir Putin continues his attacks on Ukraine, reported by CNN.
Canada recognizes Palestine as a state at the UN General Assembly
Canada has joined several Western countries and announced its intention to recognize the Palestinian state. Canadian Prime Minister Mark Carney announced this on Wednesday.
“Canada intends to recognize the state of Palestine at the 80th session of the UN General Assembly in September 2025,”
Carney told reporters. This move follows similar announcements from the UK and France earlier this month, reported Al Jazeera.
Fed Resists Trump's Pressure to Lower Interest Rates
As expected, the US central bank (Fed) once again left its key interest rate unchanged in the 4.25 to 4.50 percent range. Thus, it continues to resist pressure from US President Donald Trump to lower rates. It stated that the unemployment rate in the United States remains low, while inflation is still somewhat elevated. Last September, the Fed began cutting interest rates in response to falling inflation to support the economy. It reduced the base rate three times last year, a total of one percentage point. However, so far this year, it has kept interest rates unchanged, the portal Ceskenoviny.cz reported.
Airbnb Platform Withdraws 65 Thousand Rental Offers in Spain
The Spanish government together with municipal and regional authorities launched a comprehensive crackdown on tourist accommodation offered through websites like Airbnb and Booking.com. Therefore, Airbnb has also withdrawn from its platform more than 65 thousand offers of holiday rentals, said the Spanish Ministry of Consumer Rights. According to them, these offers did not respect the valid regulations. Most of the blocked Airbnb offers did not provide a license number. For others, it was not stated whether the owner is a natural or legal person. The ministry also identified tens of thousands of other illegal offers, reported by the server Ceskenoviny.cz.
Sources: CNN, Al Jazeera, Ceskenoviny.cz
