External Affairs Minister S Jaishankar will represent India at the Brics virtual summit convened by Brazil, focusing on Trump’s tariffs and multilateralism. PM Modi’s absence, despite India assuming the Brics presidency next year, signals a balancing act amid trade tensions with the US. The summit occurs amidst US Commerce Secretary’s threats of tariffs against India for its Brics participation.

FM Nirmala Sitharaman emphasized that companies must pass on GST rate reductions to consumers. Effective September 22, these reforms aim to benefit the common man, farmers, and small businesses. The government is closely monitoring prices and working with industries to ensure full transfer of gains.

After incendiary remarks strained ties with India, President Trump attempted damage control, affirming the “special relationship” despite disappointment over India’s Russian oil purchases, threatening a 50% tariff. This came after India rejected US demands, asserting its right to choose its oil sources. While some US officials adopted a confrontational stance, others signaled a desire to maintain the consequential relationship.