Global Trade and Political Updates: August 27 Onwards

Indian Products to Face 50% Tariff in the US Starting August 27 The United States has announced its intention to impose an additional 25% tariff on Indian goods, effective from August 27. This move is expected to affect Indian exports worth over USD 48 billion, marking a significant challenge for Indo-US trade relations.

Sri Lanka's Former President Wickremesinghe Granted Bail in Corruption Case A Sri Lankan court has granted bail to former president Ranil Wickremesinghe. Previously in remand custody, Wickremesinghe faced allegations of misusing public funds.

Mass Evacuations Continue Amid Rising Floodwaters in Pakistan's Punjab Authorities in Pakistan's Punjab province have evacuated nearly 200,000 people from flood-prone regions. Rising water levels in the eastern rivers have prompted widespread warnings and alerts, stressing the need for continued vigilance.

Ukraine Looks to India for Support in Resolving Conflict with Russia Ukrainian President Volodymyr Zelenskyy has expressed gratitude to Indian Prime Minister Narendra Modi for sending greetings on Ukraine's Independence Day. He highlighted Kyiv's hopes for India's role in helping to end the ongoing war with Russia.

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