India aims to increase smartphone production to avoid Trump's tariffs
India is looking to capitalise on US President Donald Trump's trade war with China by increasing its smartphone production.
Indian technology companies are committed to building mobile phones to avoid Trump's tariffs.
Lava International, India's biggest domestic smartphone brand, is aiming to launch the first 100 per cent Indian made phone within 5 years, but currently, it still sources 60 per cent of its parts from overseas.
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Sky News AU
7 hours ago
- Sky News AU
India aims to increase smartphone production to avoid Trump's tariffs
India is looking to capitalise on US President Donald Trump's trade war with China by increasing its smartphone production. Indian technology companies are committed to building mobile phones to avoid Trump's tariffs. Lava International, India's biggest domestic smartphone brand, is aiming to launch the first 100 per cent Indian made phone within 5 years, but currently, it still sources 60 per cent of its parts from overseas.
The Advertiser
9 hours ago
- The Advertiser
Japan scraps US meeting after defence demands
Japan has cancelled a regular high-level meeting with its key ally the US after the Trump administration demanded it spend more on defence. US Secretary of State Marco Rubio and Defence Secretary Pete Hegseth had been expected to meet Japan's Foreign Minister Takeshi Iwaya and Defence Minister Gen Nakatani in Washington on July 1 for annual security talks. But according to the Financial Times, Tokyo scrapped the meeting after the US asked Japan to boost defence spending to 3.5 per cent of gross domestic product, higher than an earlier request of 3 per cent. Japan's Nikkei newspaper reported on Saturday that President Donald Trump's government was demanding its Asian allies, including Japan, spend 5 per cent of GDP on defence. An unnamed US official told Reuters that Japan had "postponed" the talks in a decision made several weeks ago. A non-government source familiar with the issue said he had also heard Japan had pulled out of the meeting but not the reason for it doing so. The Financial Times said the higher spending demand was made in recent weeks by Elbridge Colby, the third-most senior Pentagon official, who has also recently upset another key US ally in the Indo-Pacific by launching a review of a project to provide Australia with nuclear-powered submarines. In March, Prime Minister Shigeru Ishiba said other nations do not decide Japan's defence budget after Colby called for Tokyo to spend more to counter China, during his nomination hearing. Japan and other US allies have been engaged in difficult trade talks with the United States over Trump's worldwide tariff offensive. The paper said the decision to cancel the July 1 meeting was also related to Japan's July 20 upper house elections, expected to be a major test for Ishiba's minority coalition government. Japan's move comes ahead of a meeting of the US-led NATO alliance in Europe next week, at which Trump is expected to press his demand that European allies boost their defence spending to 5 per cent of GDP. Japan has cancelled a regular high-level meeting with its key ally the US after the Trump administration demanded it spend more on defence. US Secretary of State Marco Rubio and Defence Secretary Pete Hegseth had been expected to meet Japan's Foreign Minister Takeshi Iwaya and Defence Minister Gen Nakatani in Washington on July 1 for annual security talks. But according to the Financial Times, Tokyo scrapped the meeting after the US asked Japan to boost defence spending to 3.5 per cent of gross domestic product, higher than an earlier request of 3 per cent. Japan's Nikkei newspaper reported on Saturday that President Donald Trump's government was demanding its Asian allies, including Japan, spend 5 per cent of GDP on defence. An unnamed US official told Reuters that Japan had "postponed" the talks in a decision made several weeks ago. A non-government source familiar with the issue said he had also heard Japan had pulled out of the meeting but not the reason for it doing so. The Financial Times said the higher spending demand was made in recent weeks by Elbridge Colby, the third-most senior Pentagon official, who has also recently upset another key US ally in the Indo-Pacific by launching a review of a project to provide Australia with nuclear-powered submarines. In March, Prime Minister Shigeru Ishiba said other nations do not decide Japan's defence budget after Colby called for Tokyo to spend more to counter China, during his nomination hearing. Japan and other US allies have been engaged in difficult trade talks with the United States over Trump's worldwide tariff offensive. The paper said the decision to cancel the July 1 meeting was also related to Japan's July 20 upper house elections, expected to be a major test for Ishiba's minority coalition government. Japan's move comes ahead of a meeting of the US-led NATO alliance in Europe next week, at which Trump is expected to press his demand that European allies boost their defence spending to 5 per cent of GDP. Japan has cancelled a regular high-level meeting with its key ally the US after the Trump administration demanded it spend more on defence. US Secretary of State Marco Rubio and Defence Secretary Pete Hegseth had been expected to meet Japan's Foreign Minister Takeshi Iwaya and Defence Minister Gen Nakatani in Washington on July 1 for annual security talks. But according to the Financial Times, Tokyo scrapped the meeting after the US asked Japan to boost defence spending to 3.5 per cent of gross domestic product, higher than an earlier request of 3 per cent. Japan's Nikkei newspaper reported on Saturday that President Donald Trump's government was demanding its Asian allies, including Japan, spend 5 per cent of GDP on defence. An unnamed US official told Reuters that Japan had "postponed" the talks in a decision made several weeks ago. A non-government source familiar with the issue said he had also heard Japan had pulled out of the meeting but not the reason for it doing so. The Financial Times said the higher spending demand was made in recent weeks by Elbridge Colby, the third-most senior Pentagon official, who has also recently upset another key US ally in the Indo-Pacific by launching a review of a project to provide Australia with nuclear-powered submarines. In March, Prime Minister Shigeru Ishiba said other nations do not decide Japan's defence budget after Colby called for Tokyo to spend more to counter China, during his nomination hearing. Japan and other US allies have been engaged in difficult trade talks with the United States over Trump's worldwide tariff offensive. The paper said the decision to cancel the July 1 meeting was also related to Japan's July 20 upper house elections, expected to be a major test for Ishiba's minority coalition government. Japan's move comes ahead of a meeting of the US-led NATO alliance in Europe next week, at which Trump is expected to press his demand that European allies boost their defence spending to 5 per cent of GDP. Japan has cancelled a regular high-level meeting with its key ally the US after the Trump administration demanded it spend more on defence. US Secretary of State Marco Rubio and Defence Secretary Pete Hegseth had been expected to meet Japan's Foreign Minister Takeshi Iwaya and Defence Minister Gen Nakatani in Washington on July 1 for annual security talks. But according to the Financial Times, Tokyo scrapped the meeting after the US asked Japan to boost defence spending to 3.5 per cent of gross domestic product, higher than an earlier request of 3 per cent. Japan's Nikkei newspaper reported on Saturday that President Donald Trump's government was demanding its Asian allies, including Japan, spend 5 per cent of GDP on defence. An unnamed US official told Reuters that Japan had "postponed" the talks in a decision made several weeks ago. A non-government source familiar with the issue said he had also heard Japan had pulled out of the meeting but not the reason for it doing so. The Financial Times said the higher spending demand was made in recent weeks by Elbridge Colby, the third-most senior Pentagon official, who has also recently upset another key US ally in the Indo-Pacific by launching a review of a project to provide Australia with nuclear-powered submarines. In March, Prime Minister Shigeru Ishiba said other nations do not decide Japan's defence budget after Colby called for Tokyo to spend more to counter China, during his nomination hearing. Japan and other US allies have been engaged in difficult trade talks with the United States over Trump's worldwide tariff offensive. The paper said the decision to cancel the July 1 meeting was also related to Japan's July 20 upper house elections, expected to be a major test for Ishiba's minority coalition government. Japan's move comes ahead of a meeting of the US-led NATO alliance in Europe next week, at which Trump is expected to press his demand that European allies boost their defence spending to 5 per cent of GDP.
Sky News AU
10 hours ago
- Sky News AU
Investors brace for Middle East decisions by America
Investors are worried over the Iran and Israel conflict as the S&P 500 and Nasdaq have closed lower. This comes after US President Donald Trump has yet to decide whether America will enter the conflict. President Trump gave Iran a two-week timeframe on when he will decide.
