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Veiled jibe at the US? Jaishankar says politics now ‘trumps’ economics

External affairs minister S Jaishankar stated that the world is now in an era where politics increasingly influences economics, urging India to diversify supply sources to protect national interests. He highlighted global fragmentation and supply insecurity, emphasising India’s pursuit of self-reliance and manufacturing growth to secure its future. Source link

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‘Closed in its entirety’: Trump orders complete shutdown of Venezuelan airspace

US President Donald Trump has declared Venezuelan airspace entirely closed to all airlines, pilots, drug dealers, and human traffickers. This move follows new US measures against alleged Venezuelan drug-trafficking networks, with ground strikes planned soon. The US has also designated President Maduro and associates as a foreign terrorist organization, expanding sanctions authority. Source link

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Tariff shock: Indian exports to US crash 28.5%; GTRI warns labour-heavy sectors hurt most

Indian exports to the US plummeted by 28.5% between May and October 2025 due to aggressive US tariff hikes, hitting labour-intensive sectors hardest. Shipments dropped significantly as duties surged, making Indian goods heavily taxed compared to competitors. Delays in operationalizing export promotion schemes are further hindering recovery efforts. Source link