The Catch Up: 7 August

The headlines of the day by The Indian Express

Episode Transcript

Speaker 1 (00:03):
This is a cash upon three things by the Indian
Express and I am Flora Swine. Today's the seventh of
August and here are the headlines. As tensions rise and
trade talks with US. Prime Ministernary In Remodi declared today
that India will not compromise on farmers and fishermen's interests,

(00:23):
even at personal cost. Speaking at the Mswami Nathan Centenary Conference,
he said, and I quote, I know I'll have to
pay a huge price, but I'm ready. The statement follows
President Trump's imposition of an additional twenty five percent tariffon
Indian goods over continued Russian.

Speaker 2 (00:40):
Oil purchases, raising duties to fifty percent.

Speaker 1 (00:43):
Key exports like shrimp are directly affected by the tariff hike.
In other national news, three CRPF personal died and several
others were injured after their vehicle skid it off the
road and fell into a gorge in Jeraman Kishmis s
Udhampur d Strict today. The accident occurred along the Kanva
Bassanghad road. Emergency teams including police and locals, launched an

(01:07):
immediate rescue operation. The injured Javans were rushed to a
nearby hospital for urgent treatment. Authorities have yet to confirm
the cause of the accident. The incident has sent shockwaves
across the security forces, highlighting the dangers of commuting in litering.
Moving on to global news, President Trump's sweeping tariffs against

(01:30):
over ninety countries came into a pet just after mid
died today, declaring billions of dollars now flowing in. Trump
confirmed that the tariffs mark a tough new phase.

Speaker 2 (01:39):
Of his trade policy. India, facing a twenty five percent
high due to.

Speaker 1 (01:43):
Its Russian oil imports, will now be subject to fifty
percent tariffs after Trump doubled the penalty yesterday. The new
duries are part of a broader reciprocal tariff campaign aimed
at correcting what Trump called years of unfair trade against
the United States of America.

Speaker 2 (02:02):
Speaking of Trump and.

Speaker 1 (02:03):
Tariffs, voters defended singling out India with steep new tariffs
over its Russian oil purchases, warning that more secondary sanctions
are coming. When asked why other countries like China having
been penalized similarly, Trump applied, and I quote, it's only
been eight hours. You're going to see a lot more
unquot Yesterday he signed an executive order imposing an additional

(02:25):
twenty five percent tariff on Indian imports, a top.

Speaker 2 (02:28):
And existing twenty five percent.

Speaker 1 (02:30):
This move signals Washington's aggressive stance on enforcing penalties on
nations continuing trade with Moscow despite US pressure. Speaking of
the geopolitical chess board, Presidents Donald Trump and Vladimir Putin
are expected to meet soon. As for Russian Foreign policy
advisor Yuri Ushakov, he confirmed that preparations are underway and

(02:55):
a venue is being finalized, with an announcement pending. A
White House official hinted the meeting could happen as early
as next week. This would mark the first US Russia
presidential summit since Biden met put In way back in
twenty twenty one.

Speaker 2 (03:08):
The talks come amid Washington's.

Speaker 1 (03:10):
Ramping up of secondary sanctions, including potential penalties on China,
to push Moscow to end its war in Ukraine.

Speaker 2 (03:21):
That's all for today. This was a catch upon three
things by the Indian Express.