US Iran Deal: Major progress appears to be being made towards ending the ongoing tension between America and Iran and normalizing global energy supply. According to a report by Fox News, America is planning to remove the sanctions imposed on Iran along with reopening the Strait of Hormuz. The work of removing landmines laid in this important sea route will be done in the next phase.

Important part of Strait of Hormuz agreement

Recent statements by the US administration and regional leaders indicate that Washington and Tehran are close to agreeing on a Framework Agreement. The agreement aims to end months of conflict and restore maritime traffic in the Strait of Hormuz, one of the world’s most important energy transportation routes.

American stance will soften in exchange for opening the Strait of Hormuz

According to Fox News information, reopening the Strait of Hormuz will be a major part of the proposed agreement. According to Reuters report, a US official said that under the agreement, Iran will have to open the strait and in return the US will soften its naval blockade.

Also read: What issues were agreed upon in the deal between Iran and America? Donald Trump said this about nuclear weapons

De-mining process will be done in the next phase

While talking to journalists, the American official said that this process will move forward together. He told that after the opening of the Strait of Hormuz and relaxation of the blockade, in the next phase the work of removing mines from the sea route i.e. de-mining will be done.

Hormuz is very important for global energy supply

The Strait of Hormuz is considered one of the most important maritime trade routes in the world. A large part of the oil and gas coming out of the Gulf region reaches the global markets through this route. This waterway remained a major center of tension during the recent conflict.

The goal is to restore maritime security and movement.

The purpose of the proposed agreement is not only to open the waterway but also to ensure maritime security and restore unhindered movement of ships. Under this, a plan is also being made to remove security risks and dangers related to mines.

Trump expressed the possibility of an agreement on Sunday

Both US President Donald Trump and Pakistan Prime Minister Shahbaz Sharif have indicated that this agreement may be finalized soon. According to the Associated Press, Trump said Saturday that the agreement was “set for signing on Sunday.”

Shahbaz Sharif said – agreement can be reached in 24 hours

Pakistan Prime Minister Shehbaz Sharif also said that this agreement to end the ongoing conflict in the Middle East is now closer than ever and it can be finalized within the next 24 hours.

Preparation of electronic signature

Shahbaz Sharif said that preparations are underway to sign the agreement through electronic means. After this, technical level meetings will be organized next week, in which issues related to the implementation of the agreement will be discussed.

Trump Tariffs: America has proposed major trade action against 60 countries and economies including India. The US Trade Representative (USTR) says that these countries have not implemented effective restrictions on the import of goods allegedly made with forced labor.

The American agency has proposed imposing additional duties, calling it harmful for American trade and industry. This development has come to light at a time when continuous talks are going on between India and America to finalize the bilateral trade agreement.

Proposal for action against 60 economies

The Office of the US Trade Representative (USTR) said in a statement issued on Tuesday that after an investigation under Section 301 of the US Trade Act of 1974, it has been concluded that the policies and practices of 60 economies are adversely affecting US trade. According to USTR, US businesses are being harmed by these countries’ failure to effectively prevent imports of products made with forced labor. Therefore, these cases have been considered actionable under US trade law.

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India also included in the list

India is also included among the 54 countries and economies which USTR has placed in this category. Apart from India, countries like Australia, Bahrain, Bangladesh, China, Japan, Kuwait, Saudi Arabia, Singapore, Britain and United Arab Emirates are also included in this list. US Trade Representative Jamieson Greer said that the failure of America’s major trading partners to stop the import of products made with forced labor is unacceptable. According to him, due to this, American workers have to face unequal competition in the global market.

proposal to impose additional fees

Based on the findings of the investigation, USTR has proposed to impose additional duties on products coming from the concerned countries. According to the agency, an additional 10 percent duty may be imposed on countries that have implemented a ban on products made from forced labor or have made a commitment to do so. There is a proposal to impose additional duty up to 12.5 percent on other countries. Apart from this, a separate arrangement has also been proposed for some imports related to textile and apparel sector.

The investigation started in March

USTR said that the investigation into this matter was started on March 12. Statements of approximately 60 witnesses were taken during the investigation and approximately 500 comments were received during the public consultation process. After considering all these aspects, the agency has prepared its conclusions.

USTR gave reasons for action

The US agency says that the lack of effective restrictions on the import of products made from forced labor weakens efforts to end labor exploitation at the global level. According to USTR, this gives an unfair advantage to low-cost producers, impairs market competition, and harms companies that do not use forced labor. This also increases the possibility of bypassing the restrictions already in place.

The proposal came amid India-US trade talks

This proposal has come at a time when India and America are working towards finalizing the first phase of the bilateral trade agreement. In the last few months, several rounds of talks have taken place between officials of New Delhi and Washington. Issues like market access, tariffs, digital trade and agriculture have been prominently included in these talks.

Tension increased after Trump’s tariff policy

This step of USTR has come amid trade tensions arising after the reciprocal tariff policy of US President Donald Trump. Earlier this year, India was also among the countries which the US had warned of imposing higher tariffs. However, later some proposed steps were temporarily stopped for talks with trading partner countries. India has consistently maintained that it is working towards a balanced and win-win trade agreement while protecting its sensitive domestic sectors.

America is still India’s biggest trading partner

Despite trade differences emerging from time to time, America remains India’s largest trading partner. Bilateral trade in goods between the two countries has crossed the level of more than 120 billion dollars in recent years. Both India and America have reiterated their commitment to further strengthen economic relations.

Comments sought till July 6

USTR has invited written comments on the proposed measures by July 6. After this, a public hearing will be held on July 7. The final decision will be taken after hearing and considering the suggestions received. The agency has clarified that charges will not be automatically imposed based on its findings. But if the US administration decides to move forward, additional tariffs, import quotas or other trade restrictions could be imposed under Section 301.

The Supreme Court of the United States has declared tariffs worth about $175 billion imposed by former President Donald Trump illegal. These tariffs were imposed under emergency economic law. Now the big question is – how will the companies get the refund? Will the money be returned automatically or will every importer have to go to court? The case will now go to the United States Court of International Trade, which will decide the refund process. More than 1,000 companies have already filed lawsuits. Legal costs can become a big challenge for small businesses. Understand the whole situation in simple language in this video.

Donald Trump: US President Donald Trump has given a big statement on Saturday. He said that instead of buying oil from Iran, India will buy oil from Venezuela. He made this statement while talking to reporters on his official plane Air Force One en route to Florida.

Trump said, “We have already made that deal. The concept of the deal is done.” He explained that ‘Concept of Deal’ means the basic structure of the deal, its understanding or preliminary agreement between the two parties before finalizing the deal.

‘China is also welcome’

Trump also said that if China wants, it can make a deal with America to buy oil from Venezuela and it is welcome.

US strategy and previous sanctions

Earlier, this information had come to light that America had told the Indian government that it can soon resume the purchase of oil from Venezuela, so that oil imports from Russia can be replaced. Three sources gave this information to Reuters.

The US move is seen as an attempt to reduce oil revenues that finance Russia, which is helping in the Ukraine war. In March last year, Trump had imposed a 25% tariff on countries buying oil from Venezuela, including India.

US President Donald Trump gave a big statement

US President Donald Trump had earlier praised the US-led initiative in the matter related to Venezuela. He said that this process is moving in a very positive direction and the export of oil from Venezuela is expected to resume soon. This entire system has been prepared with the support of Washington. During a conversation with the media in the Oval Office, Trump said, “The leadership is doing a very good job in the Venezuela situation. We are moving forward by maintaining better coordination with everyone associated with this entire process.”

He also told that many countries of the world will soon start buying oil from Venezuela and America will play an important role in this initiative. “We’re inviting the countries of the world. They’re going to start taking the oil. We’ll lead this whole plan, and so far it’s working very well,” Trump said.

During the Second World War, the United States supplied weapons, food and goods to the allied countries. Most of the payments were made in gold. Because of which America was able to accumulate about two-thirds of the world’s gold reserves by the end of the war.

Mexico has given a big blow—from January 1, 2026, it is increasing huge import duties on all those countries with which there is no Free Trade Agreement, and India is also included in this list. Mexico’s Senate has approved new tariffs, in which duties on many categories will increase from 35% to 50%. The biggest impact will be on Indian automobile exporters—Mexico is India’s third-largest car export destination, with annual shipments of about $1 billion. Now, due to imposition of such heavy tariff, Indian companies like Maruti Suzuki, Hyundai, Tata Motors, Mahindra and component manufacturers may have to face huge cost pressure and demand slowdown. Steel, plastics, aluminium, chemicals and textile exporters will also be directly affected. These tariffs have been taken to protect Mexico’s domestic industry, to increase revenue, and perhaps for geopolitical balancing (especially US pressure). This step will increase both India-Mexico trade imbalance and supply chain costs. Trade tensions and global export competition are going to intensify. Will India retaliate? Will Indian exporters find alternate markets? This video will explain all the details in easy language.

President Donald Trump has reacted sharply to BRICS countries and said that America can now impose import duties (tariffs) on these countries. He said that the real objective of BRICS is to weaken the power of the dollar. In a meeting with Argentinian President Javier Mellí at the White House, Trump made it clear that America will not allow the power of the dollar to bow before any international alliance. He said, “Whoever wants to stay in the BRICS group can stay, but America will impose tariffs on them because this group is against the dollar.”

took a jibe at China

Trump accused China of recently deciding to buy soybeans from Argentina instead of the US, weakening relations between Washington and Buenos Aires. He said, “China always tries to create a rift, but it will be of no use.” On his social media platform Truth Social, Trump wrote that China deliberately took this step to harm American soybean farmers. He said that America is now considering reducing dependence on China in cooking oil and other products. Let us tell you that Trump had recently imposed additional 100% duty on China, after which the relations between the two countries have become worse than before.

Increasing tension in US-China relations

In Trump’s second term, relations between America and China have become more tense than before. Differences between the two countries are continuously increasing due to trade war, technology competition and wars in Ukraine and the Middle East. China has recently banned the export of rare earth mineral technology, which has further soured US-China relations.

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Indian rupee in international trade: The dominance of the Indian rupee will now be seen increasing in international trade. The RBI informed about taking steps in its direction after the meeting of the three -day monetary policy committee. Its purpose is to reduce dependence on foreign currencies. Under this, the authorized banks have been allowed to give loans in Indian rupees for bilateral trade to migrant citizens of Bhutan, Nepal and Sri Lanka.

Indian currency dominates

To promote the use of Indian currency in international trade, RBI Governor Sanjay Malhotra said that transparent reference rates will be set up for the currencies of major trading partners of India. Also, extensive use of a special rupee, a vaustro account (SRVA) has been allowed to encourage investment in Indian rupee in corporate bonds and commercial papers.

Dependence on foreign currency will be reduced

SRVA is an account opened by a foreign bank with the Indian bank, which directly provides international trade disposal in the Indian rupee (INR). This will help reduce dependence on US dollar and will protect the economy from fluctuations in exchange rate and currency crisis. Such steps will be helpful in controlling the current account deficit by decreasing dependence on foreign currency. The RBI Governor said that the external sector of India is strong and the central bank is keeping a close watch on the activities of the rupee and is ready to take appropriate steps if needed.

In the three -day meeting of Rabi’s monetary policy limited, while on one hand, it was decided to make any change in the repo rate for the second consecutive time, on the other hand, in his forecast, Central Bank Governor Sanjay Malhotra has increased the country’s GDP from 6.5 percent to 6.8 percent. In addition, inflation rates are also estimated to be 2.6 percent. Its second quarter is estimated to be 1.8 percent, 1.8 percent in the third quarter and 4.0 percent in the fourth quarter. This is estimated at 4.5 percent in the first quarter of 2026-27.

Also read: 700 billion foreign exchange reserves, inflation cuts and GDP growth increase, 7 big things of RBI Governor

Tension is increasing between America and India due to trade and energy. After US President Donald Trump’s displeasure over India’s 50% tariff and Russian oil purchases, American Treasury Secretary Scott Besant has given a strong message about relations between the two countries. Besant said that there is a strong foundation between America and India and any differences between the two countries can be resolved.

What did US Treasury Secretary Scott Besant say?

US Treasury Secretary Scott Besant said in a special interview to Fox News that relations between the US and India are strong and it is possible for both democratic countries to resolve their differences. He said, “Two great countries will solve it.”

However, Besant took a tough stand on the continuous purchase of crude oil from Russia by India. He said that this activist of India is providing financial assistance to Moscow’s Ukraine War. He said, “India has contributed to Russia’s war efforts by buying cheap oil from Russia and then selling sophisticated products. This is not a good step.”

Besant has given the reason for the Trump administration to increase the tariff on India

Besant also gave the reason for the Trump administration’s decision to increase the tariff on India. He said that due to slow trade negotiations, America had to take 25% and then 50% tariffs. He also mentioned the recent meeting of Prime Minister of India Narendra Modi, in which PM Modi met Russia’s President Vladimir Putin and Chinese President Xi Jinping at the SCO summit. Besant said that India’s price system is close to America and China, not Russia.

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Us tarifs: US President Donald Trump has decided to impose 10% tax on imports from all over the world and impose additional stringent duty on major trading partners, which has increased the possibility of global trade war. Meanwhile, China has warned America.

The Ministry of Commerce of Beijing said in a statement that these tariffs are against international trade rules and will suffer serious losses to the legal rights and interests of the countries related to it. China is ready to take retaliation to protect its rights and interests.

China released a statement

According to France24 report, Beijing urged Washington to immediately cancel these tariffs and warned that it would threaten global economic growth and damage the US interests and international supply chains. Apart from this, China also accused the US of unilateral threatening.

Difficulties increased for China

Trump has imposed a strict tariff of 34% on his big business partner China, while the Aadhaar fee of 10% will also be applicable for all countries. This is in addition to 20% tariff imposed last month. In response, Beijing imposed a fee of up to 15% on many US agricultural products including soybean, pork and chicken. The American tariff may shock the Chinese economy as it is already struggling with problems like debt crisis and decreasing consumption in the real estate sector.

Appeal to resolve the dispute

Beijing said that the US is claiming that it has suffered a loss in international trade. For this reason, he is making an excuse to increase the tariff on his business partners citing mutuality.

Beijing also said that this attitude of America ignores the benefits that have been received by all countries through years of business talks. At the same time, it also ignores the truth that America has made a lot of benefit from international trade for a long time. Instead, Beijing said to “talk” to resolve the dispute.