Brazil's Ambassador Kenneth Felix Haczynski on Monday said they see the US administration's tariffs as a challenge, but at the same time, it is an opportunity to look for "trusted partners" to do more business.
South Korea's top chipmakers may escape the brunt of US President Donald Trump's proposed 100 per cent tariffs on imported semiconductors, after US Commerce Secretary Howard Lutnick clarified that companies investing in US manufacturing plants would be exempt.
Several semiconductor firms in Taiwan are approaching the third quarter with caution, despite traditionally Q3 being a high-demand period, as U.S. tariff moves cloud the industry outlook.
The US Federal Reserve will have to time its interest rate cuts carefully as new tariffs could push inflation higher next year, making policy choices over the next three to six months particularly crucial, according to a report by Union Bank of India.
The panel will be briefed by the representatives of the Ministry of External Affairs and the Ministry of Commerce & Industry on the current developments in India's Foreign Policy with special reference to US-India trade negotiations and tariffs, they said.
Indian equity markets are set for a choppy week ahead as investors brace for any new development on escalating trade tensions with the United States, besides the release of key domestic inflation data for July.
Naidu also said that India would not "compromise or succumb to pressure from anybody" despite tensions with Washington over Russian crude purchases and the recent imposition of additional US tariffs on Indian goods.
The conversation comes after US Senator Lindsey Graham on Friday (local time) urged India to use its influence with Russia to help end the war in Ukraine, calling it one of the most significant steps to improve India-US relations.
"India will stand on its own. We will pursue policies which are in our national interest. There is no question of compromise or succumbing to pressure from anybody. We are the largest democracy in the world and we believe what we are doing is good. We will try to keep good relations with all
"It is a reality that the tariffs that have been imposed (by the US on India) are a unilateral action... PM Narendra Modi is capable of taking whatever necessary steps are required. I have personally experienced that PM Modi will never compromise with national interest..." he said.
Countries should respond collectively to the latest tariffs imposed by the United States administration rather than pursuing separate bilateral deals, according to investment strategist Chris Wood.
Foreign Affairs Expert Robinder Sachdev said PM Modi's call with President Putin comes at a crucial time, signaling a new world order. He highlighted India's independent foreign policy and its strategic partnership with Russia amid US tariffs and the Ukraine conflict deadline.