The US is preparing to announce fresh tariffs on dozens of countries as Trump's temporary 10% global levy nears its Friday expiry, following a Supreme Court ruling against his earlier emergency tariff strategy.

US set to unveil fresh tariffs as Trump's 10% global levy faces Friday expiry

Could the proposed 12.5% US tariff derail the long-awaited India-US trade deal? Washington has opened a fresh trade front, but which Indian industries face the biggest risk, why is the US citing forced labour concerns, and how is New Delhi fighting back? Scroll down for a simple explainer.

WION Decodes: Why is the US threatening India with fresh 12.5% tariff under Section 301? Which industries stand to lose the most?

While markets initially revised growth forecasts downward, the Economic Survey notes that domestic structural reforms and policy measures offset the external shock, allowing growth to accelerate rather than slow, thus highlighting India’s reduced dependence on external demand.

Global growth is ‘fragile and diverging’, warns Economic Survey: Why India remains resilient despite US tariff shocks

'PM Modi is not happy with me over tariffs,' says Trump, but assures continued 'strong ties'

President Vladimir Putin also thanked India and saying Russia is grateful to the countries who founded the BRICS as these nations refuse to take sides and aspire to truly create a just world. Unlike Europe, India and China are countries that respect themselves,” he added.

Putin says US tariffs against India will fail: 'Indian people will never accept humiliation. I know PM Modi'

India’s trade team returned from Washington after talks with US counterparts, focusing on Russian oil, tariffs, and energy security. Piyush Goyal remains in America, boosting investment and signalling deeper energy cooperation.

'Not going to mix visas and trade': Visas off the table as India and US focus on oil and tariffs in trade talks; Russian oil remains key hurdle

US Treasury Secretary Scott Bessent accused India of reselling discounted Russian oil to Europe, saying it indirectly funds Moscow’s war. He defended US tariffs on India and urged tougher European sanctions.

Not India, 'Europe is funding Russia's war': Trump team turns fire on Europe after accusing India of 'profiteering' from war

Russian foreign minister Sergey Lavrov criticised US tariff threats, insisting India and China, as “ancient civilisations,” will not yield to Washington’s ultimatums over Russian oil, sanctions, and energy ties during the Ukraine conflict.

‘Ancient civilisations won’t bend’: Russia warns US tariff threats against India, China 'won't work'

Indian External Affairs Minister S. Jaishankar was reacting to US President Donald Trump's recent backtracking on his statement that the US had "lost India and Russia to China," said PM Modi also "attaches enormous importance to our partnership with the US".

Jaishankar breaks silence on Modi–Trump ties after POTUS's U-turn on America 'lost India to China' remark

US President Donald Trump has walked back a social media post where he claimed the US had "lost India and Russia to deepest, darkest China." Speaking to reporters, Trump has now claimed, "I don't think we have (lost India" while also heaping praise on PM Narendra Modi. Here's what he said.

Trump backtracks after claiming US 'lost India to China,' says ties with PM Modi 'very special'

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US set to unveil fresh tariffs as Trump's 10% global levy faces Friday expiry

WION Decodes: Why is US threatening India with 12.5% tariff under Section 301?

Global growth 'fragile & diverging': Why India remains resilient despite tariffs

'PM Modi is not happy with me over tariffs,' says Trump, but assures strong ties

US tariffs against India will fail, may end up hurting its own economy: Putin

Visas off the table as India and US focus on oil and tariffs in trade talks

Trump team turns fire on Europe after accusing India of 'profiteering' from war

Russia warns US tariff threats against India, China 'won't work'

Jaishankar breaks silence on Modi–Trump ties after POTUS's 'lost India' U-turn

Trump backtracks on 'lost India to China' claim, says ties with PM Modi...