India believes it is premature to create a contingency plan without clarity on the scope and impact of the US's reciprocal tariffs. ⦁ India and the EU will resume negotiations on their free trade agreement in early September.

Indian government waits to assess US tariff impact before creating industry backup plan, negotiations ongoing for trade agreement.

Russian President Vladimir Putin has sacrificed an estimated 1 million of his soldiers, killed and wounded, in a three-year campaign to crush Ukraine

The official added that the Indian team is in Washington for the fifth round of negotiations on the proposed bilateral trade agreement (BTA).

Officials say the possibility of differential tariffs may eventually have differential impact, but insist contingency planning will begin only once the exact tariffs are known.

Tesla's official entry into India highlights the significant price difference for its Model Y, costing Rs 60 lakh compared to Rs 37.5 lakh in the US and Rs 29.9 lakh in China. The steep cost in India is primarily due to a 100% import duty aimed at protecting the local auto industry and encouraging domestic manufacturing.

All this unfolds while India is caught in a tense trade tango with the US as Washington is pushing hard for wider access to sell its farm and dairy goods here

Apple's Indian manufacturers boost iPhone production and exports, with a 53% increase in H1 2025 despite tariff uncertainties.