Mohandas Pai, Neelkanth Mishra, Pankaj Saran and Rahul Roy-Chaudhury decode the current spat and the changing landscape of foreign policy. One recommendation is to “keep the temperature down”.

With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs, Trump has found a novel, but risky, use for his favorite trade tool.

Trump suggested that Russia’s economic potential is being wasted due to global pressures and U.S. tariffs. “Their economy is not doing well right now because it’s been very well disturbed by this,” he said, singling out India’s purchases of Russian oil.