US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1. Trump, describing India as a "friend", said the US has done relatively "little business" with the country because of its high tariffs.
Glimpses from India and around the world that will make you smile and cry.
The Trump administration is proposing to limit the duration of visas for foreign students and media personnel in the US, potentially impacting their ability to stay in the country.
China showcased its latest military hardware, including hypersonic and ballistic missiles, during a parade commemorating the 80th anniversary of its victory against Japanese aggression in World War II. President Xi Jinping called for world peace and national rejuvenation.
Military officials released new video on Monday of a close encounter between a Russian fighter jet and a US Air Force F-16 interceptor near Alaska, Associated Press has reported.
Trade, defence cooperation and regional strategy had long formed the backbone of India-US ties, but the latest rift shows how quickly those pillars can be shaken by personal grievances and political optics.
The Indian Defence Ministry has refuted media reports suggesting a pause in defence purchases from the US, clarifying that procurement processes are ongoing despite tariff tensions between the two countries.
In trade negotiations, as in chess, sometimes you need to accept a temporary disadvantage to secure a better long-term position, points out Sonal Varma, chief economist (India and Asia ex-Japan) at Nomura.
The Indian side is in "very close touch" with interlocutors in the foreign and defence ministries of Russia on the issue of Indians "who were, illegally or otherwise, contracted into fighting in the Russian Army", Misri said at a media briefing on Modi's visit to Russia for the BRICS Summit.
The United States action of levying 25 per cent additional tariff on Indian goods is 'unfair, unjustified and unreasonable', India said on Wednesday in a firm reaction, signalling increasing tensions between the two strategic partners over New Delhi's energy ties with Moscow.
'Whatever is necessary for life and is not made in your country, we will import it from outside.'
'Both initiatives are welcome moves and we would commit ourselves with focused attention aligned with the national priorities, and pursue our exploration initiatives.'
Glimpses from India and around the world that will make you smile and cry.
Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the trajectory of the bullion sentiment, they added.
'The biggest point of contention is market access for US agricultural and dairy products.'
Defending US Open champion Jannik Sinner continued his stellar run at the hardcourt Grand Slams with a 6-1, 6-1, 6-1 hammering of Kazakh 23rd seed Alexander Bublik on Monday to make the quarter-finals at Flushing Meadows.
India and the US have collaborated through the past one month on launching a powerful satellite; are commencing joint production of GE Aerospace's F414 jet engines in India; India is participating in a massive three week-long military exercise in the Western Pacific, observes Ambassador M K Bhadrakumar.
Aayush will represent India on Rosatom's Arctic expedition aboard the 50 Let Pobedy nuclear icebreaker.
The Bloomberg report suggests that this backchannel communication from President Xi has laid the groundwork for a broader thaw in relations. This overture has since translated into a series of tangible diplomatic actions leading up to the upcoming Shanghai Cooperation Organisation (SCO) summit.
Russia has returned the remains of 1,212 Ukrainian soldiers in the latest exchange with Kiev, RT reported, citing Kremlin official Vladimir Medinsky.
The Indian side would prefer to get S-500 air defence system which has more range than the S-400 but it would require a clearance from the top Russian leadership for its sale, they said.
Global emerging market investors are sharply cutting back on India, making it the largest underweight market, as funds rotate into China, Hong Kong, and South Korea amid tariff shocks and valuation concerns.
Fijian Prime Minister Sitiveni Rabuka discussed US tariffs on Indian goods with Prime Minister Narendra Modi, noting that "somebody is not very happy with you." The discussion occurred during Rabuka's visit to India to strengthen ties.
Images from the US Open matches played at Flushing Meadows on Saturday
A meeting with Chinese President Xi Jinping on the sidelines of the SCO summit is being planned.
Leylah Fernandez earned the biggest win of her career as she beat Anna Kalinskaya in the Washington Open final on Sunday.
Twenty-six foreign leaders, including Vladimir Putin and Kim Jong Un, will attend China's V-Day commemorations on September 3. Japan has expressed concerns about the event's anti-Japanese overtones.
China promised to address three key concerns of India, the sources said.
Investor sentiment across Asian markets has shifted sharply in August, reveals the latest Bank of America (BofA) Fund Manager Survey, which found global growth expectations retreating after three months of improvement.
Between FY09 and FY25, 101 IAF fighter jets have crashed, costing the lives of 28 pilots.
Prime Minister Narendra Modi and Chinese President Xi Jinping vowed to work towards a "fair, reasonable, and mutually acceptable" resolution of the festering boundary issue and pledged to work towards stabilising global trade.
Prime Minister Narendra Modi will travel to China to attend the Shanghai Cooperation Organisation (SCO) summit, marking his first visit in over seven years. The visit signals a potential improvement in India-China relations after recent tensions.
The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven economy, Barclays said on Thursday. If the 25 per cent tariff, announced by US President Donald Trump on Wednesday, is implemented from August 1, the effective average US import tariff on Indian goods will rise to 20.6 per cent in trade-weighted terms, as per Barclays estimates.
'If China shows greater concerns for Indian interests, ties could improve. Otherwise, the thaw could be short-lived.'
'As one former Indian diplomat put it to me, Delhi has access to the White House, but Islamabad has access to Mar-a-Lago.'
Echoing United States President Donald Trump's stance on imposing economic sanctions against countries maintaining trade ties with Russia if Moscow doesn't put an end to the conflict in Ukraine, North Atlantic Treaty Organisaiton (NATO) Secretary General Mark Rutte on Tuesday (local time) urged India, China, and Brazil to reconsider their economic relations with Russia, warning of potential secondary sanctions, reported Reuters.
INS Tamal is the eighth Krivak class frigates to be inducted from Russia over the past two decades.
The additional 25 per cent duty will come into effect after 21 days or August 27.
Chinese envoy Xu Feihong stated that China opposes the US imposing tariffs on India, amidst a thaw in Sino-India relations and concerns over global trade disruptions.
On Monday, June 23, 2025, Russian President Vladimir Putin hosted Iran's Foreign Minister Abbas Araqchi in Moscow.
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