Brief by Shorts91 NewsDesk / 11:44am on 15 Aug 2025,Friday India Global
As Donald Trump meets Vladimir Putin in Alaska to push for a Ukraine ceasefire, India watches closely amid rising tariff threats. The U.S. has already imposed a 25% penalty on India’s Russian oil imports, with potential hikes to 50% if talks fail. These tariffs could impact nearly 1% of India’s GDP, especially in textiles and jewellery. PM Modi, in his Independence Day speech, urged self-reliance and announced tax cuts to counter global protectionism. Despite tensions, India’s defence ties with the U.S. remain intact, with joint exercises like Yudh Abhyas scheduled. A breakthrough in Alaska may soften Washington’s stance, while failure could deepen economic pressure on New Delhi. (PC: Mint & India Today)
