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.

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

S Jaishankar to visit Russia on August 20 and 21 and hold talks with Russian Foreign Minister Sergey Lavrov. The visit comes days after the United States imposed an additional 25 per cent tariff on Indian goods.