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The Trump administration has imposed a 10% tariff on Indian goods under a new US trade action targeting the enforcement of restrictions on imports linked to forced labour. The tariff took effect on July 24, 2026, under Section 301 of the Trade Act.
US President Donald Trump said on July 8, 2026, that the interim ceasefire with Iran is effectively over, calling further negotiations "a waste of time." His remarks came during the NATO summit in Ankara following renewed US military strikes and escalating tensions in the Middle East.
Iran's chief negotiator Mohammad Bagher Ghalibaf has described the newly signed US-Iran Peace Deal as a "record of US failure." The agreement opens a new phase of negotiations covering sanctions, nuclear issues, and regional security while aiming to reduce tensions between the two countries.
Donald Trump announced that the Strait of Hormuz is expected to be fully reopened by Friday following a reported US-Iran agreement. The development could restore normal shipping activity through one of the world's most important oil transit routes and influence global energy markets.
