Their relationship is defined by a bloody border dispute, a vast power imbalance and a fierce contest for influence across Asia. Yet, President Donald Trump’s latest trade war may be achieving the unthinkable: pushing India and China into a wary but tactical embrace.

Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything from fertilisers to jet engines and EV batteries, and vowed to protect farmers in the face of a trade conflict with Washington.

India welcomes the summit talks between US President Donald Trump and his Russian counterpart, Vladimir Putin, in Alaska and hopes for an early end to the conflict in Ukraine.

“By repeatedly endorsing Pakistan and ignoring India’s core concerns, Trump has eroded two decades of mutual trust, likening the setback to a return to Cold War–era suspicion and strategic distance,” the report quoted a senior Indian diplomat as saying.

As leading world capitals analysed the Putin-Trump summit, Prime Minister Narendra Modi, thanking Ukraine's Pr

Indian rupee options markets suggest traders aren't too anxious about Friday's meeting between the presidents of the U.S. and Russia, with near-term implied volatility at its lowest this month and option pricing showing no bias toward rupee weakness.

The White House has increasingly touted Trump's attempts to forge international peace agreements. His meeting with Vladimir Putin in Alaska will be his biggest test by far.

European leaders urged US President Donald Trump on Wednesday not to strike a unilateral Ukraine peace deal with his Russian counterpart Vladimir Putin during their one-on-one meeting later this week in Alaska.