Global trade is turning into a high-stakes chessboard, and India is right at the center. At a high-level Global South meeting in New York, External Affairs Minister S. Jaishankar warned of growing challenges—from COVID shocks and wars in Ukraine and Gaza to volatile trade flows and climate disasters. He called for fair trade, shorter supply chains, and stronger South-South collaborations. Meanwhile, Commerce Minister Piyush Goyal is holding positive talks with US officials to revive stalled India-US trade deals, with Secretary Marco Rubio playing a key role. A Quad summit and a possible Trump visit to India are on the cards. But tensions remain, with Trump blasting India over Russian oil buys even as China hits back at Washington.

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