In today’s episode, we unpack a world on edge. President Trump doubles tariffs on Indian imports and hints at sweeping secondary sanctions that could target 66 countries, triggering panic among global exporters. Meanwhile, India and Russia strike back with a critical minerals partnership to counter China’s dominance.

In Asia, markets rally on expectations of a Fed rate cut after weak U.S. job data, while the dollar wobbles and geopolitical tensions rise. On the disaster front, flash floods devastate Uttarakhand, and Slovenia enforces a full arms embargo on Israel over Gaza.

From volatile trade moves to humanitarian crises—this is your daily Graphic Briefing.