On News Today, the focus is on the United States imposing a 25% tariff and penalties on India from the 1st of August for its oil trade with Russia. Government sources indicate that India will not retaliate with reciprocal tariffs but will adopt a ‘wait and watch’ approach. The official stance is that engagement will happen at the diplomatic level, with one source stating, “Whatever we do, we will do on the negotiating table.” This strategy involves waiting for the US to reveal the full extent of its penalties before India makes its move. The government is projecting confidence, asserting that India is now a self-sufficient economic power, unlike in the past when it faced sanctions. The discussion also touches upon Donald Trump’s remarks concerning Pakistan and oil, which may not be well-received diplomatically. #ustariffs #indiausrelations #tradewar #itwebvideos #donaldtrump #russiaoil #indianeconomy #geopolitics #foreignpolicy #breakingnews #indiatoday #newstoday #waitandwatch #tradetalks #sanctions #diplomacy
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