By Che Pan and Joe Cash BEIJING (Reuters) -China's top foundry SMIC said on Friday U.S. tariff policy had not led to a "hard landing" the company had initially feared and strong domestic demand would keep its production capacity tight until October.

Meanwhile, India's foreign ministry has hit out at what it calls U.S. hypocrisy in ignoring its own trade with Russia that has continued through the war in Ukraine, an allegation that Trump brushed aside but didn't deny. It's also important to note that Indian companies own stakes in many Russian oil fields.