Hardball or a Hail Mary? Trade Tactics Go Down to the Wire

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• 00:03

  India plays hardball

• 00:04

  while Switzerland hopes for a Hail Mary just hours before steep US tariffs come into effect.

• 00:11

  Plus,

• 00:11

  foreign envoy Steve Witkoff makes a last-minute trip to Moscow as Trump's Russia sanctions loom.

• 00:18

  And the UN hopes to shore up critical minerals for the world's energy needs.

• 00:22

  But will it work?

• 00:24

  Countries like the US and China are not going to be willing to give up the control they already have over the industry,

• 00:29

  because for them, they control the pricing power as it is.

• 00:33

  It's Wednesday, August the 6th.

• 00:35

  I'm Azhar Sukri for The Wall Street Journal.

• 00:37

  Here is the AM edition of What's News,

• 00:40

  the top headlines and business stories moving your world today.

• 00:45

  As the clock ticks down toward President Trump's next tariff deadline tomorrow,

• 00:50

  some of the countries facing the largest tariff threats and yet to reach a trade deal with the US are taking very different approaches to negotiations.

• 01:00

  With Trump now threatening tariffs on India beyond the planned 25%,

• 01:05

  the country is refusing to cave to US demands for it to end large-scale purchases of Russian oil,

• 01:12

  prompting a response from Moscow that India is free to choose its own trading partners.

• 01:18

  Here's General Markets reporter Chelsea Delaney.

• 01:21

  Trump said on CNBC Tuesday that he could be raising tariffs on them significantly in the next 24 hours.

• 01:28

  So that's something to definitely watch for.

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