On Top of the News, the focus is on US President Donald Trump’s declaration of a 25% tariff and additional penalties on India, effective from the 1st of August. The action is linked to India being the largest buyer of energy from Russia. The Indian government is studying the implications and states it is committed to a fair trade deal with the United States, though an interim deal, previously anticipated by an August 1 deadline, now seems unlikely. A trade ministry official indicated some level of preparedness, stating, "if you do a check of India’s export basket to the US, you will see keeping pharmaceuticals aside, there is not much to lose because the other sectors, the kind of exports we do are minimum when compared to that of pharmaceuticals."
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