Closely following developments: Centre on US bill threatening 500% tariffs on India

In this Special Report, India Today’s Foreign Affairs Editor Geeta Mohan discusses the Ministry of External Affairs' response to a proposed US bill threatening 500% tariffs on nations importing Russian oil. The Indian government has asserted that it's closely following developments and its energy decisions are driven by market dynamics and the need to ensure the 'energy security of 1.4 billion Indians.' The report highlights the significance of the Lindsey Graham bill and the impending US Supreme Court decision on the legality of President Donald Trump’s tariff impositions. Geeta Mohan notes that while the 50% tariffs have already impacted Indian exporters, the threat of a 500% hike is a critical concern for New Delhi. The message from the Indian administration remains 'India first,' focusing on diversifying markets and engaging with other global partners like China and Europe to safeguard national interests. The programme explores the potential for future diplomatic engagement between India and the United States to resolve the ongoing trade tensions.