India, Oct. 31 -- On Thursday, Trump announced a cut in tariff rates on Chinese goods to 47 percent after a meeting with President Xi Jinping, signalling a possible resolution to the ongoing tariff trade war between India and theU.S.

India has secured a six-month extension of the U.S. sanctions waiver for operating Iran's Chabahar Port, offering much-needed relief amid tensions under the Donald Trump administration. The extension, effective from October 29, follows weeks of uncertainty after Washington threatened to revoke the seven-year-old exemption.

The exemption is critical for India's strategic outreach. Chabahar serves as the only direct sea link between India and Afghanistan and provides access to Central Asia, bypassing Pakistan...