Chinese Foreign Minister Wang Yi arrived in New Delhi on Monday for a two-day visit viewed by many as the first indication of a thaw in relations between two rivals.

On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.

US Treasury Secretary Scott Bessent on Tuesday defended Washington's decision to impose additional tariffs on India over its imports of Russian oil while sparing China, arguing that Beijing's reliance on Russian crude had grown only marginally compared to New Delhi's sharp escalation.

Chinese Foreign Minister Wang Yi, who arrived in India on Monday, is scheduled to hold talks with Modi and other leaders about the disputed border in the Himalayan mountains. Reducing the number of troops on the border and possibly resuming trade in the contested region are expected to be on the agenda.

India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China.

NEW DELHI (Reuters) -Indian Foreign Minister Subrahmanyam Jaishankar and his Chinese counterpart Wang Yi on Monday discussed border peace, trade issues and bilateral exchanges, aiming to strengthen cooperation between the two countries.

The two sides agreed to create an expert group under the WMCC on border affairs to explore “early harvest in boundary delimitation”.

Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.