1. US President Donald Trump’s meeting with Russian President Vladimir Putin in Alaska on Friday could decide whether India faces steeper US tariffs on imports, including Russian oil.
2. Washington recently imposed a 50% tariff rate on India, risking up to 1% of GDP; PM Modi responded with tax cuts and a call for self-reliance in his Independence Day address.
3. Despite trade tensions, US-India defence cooperation continues, with a US delegation visiting New Delhi this month and joint military exercise Yudh Abhyas planned in Alaska.