FT News Briefing
Modi’s tariff tap dance with Trump
Mar 14, 2025
Tensions run high as Putin holds firm on demands for a Ukraine ceasefire, complicating peace prospects. Meanwhile, India's Prime Minister Modi faces pressure from Trump over tariff issues, navigating a tricky trade relationship with the U.S. Intel's new CEO raises hopes amidst challenges in the chip market. The complexities of India's agricultural policies and high tariffs add further layers to the already intricate U.S.-India trade negotiations, showcasing the delicate balance Modi must maintain.
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Quick takeaways
- Ukrainians remain resolute against Russian ceasefire demands, prioritizing sovereignty and the sacrifices made during an ongoing war.
- India's high tariff barriers complicate trade negotiations with the U.S., as Modi navigates pressure to accommodate foreign market access.
Deep dives
Ukraine's Stance on Ceasefire Negotiations
Ukrainians are resolute in rejecting any ceasefire terms proposed by Russia, which aim to diminish Ukraine's sovereignty and establish it as a satellite state under Moscow's influence. Despite the exhaustion from three years of ongoing war, many Ukrainians feel that capitulating to Russia's demands would undermine the sacrifices made during the conflict. The situation is compounded by the perception that Russia's military progress is slow, fueling a sense of determination to continue fighting. However, there is an acknowledgment that achieving a fair end to the war and securing long-term security guarantees from the West is crucial, even if that means conceding some territories.
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