This week, the US and India announced a surprise new trade deal that slashes tariffs on Indian goods. It has one major possible catch: a commitment from India to stop buying cheap Russian oil — which will be easier said than done.

On today's Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins host Oanh Ha to break down the deal and explain what it means for India’s economy and its relationships with the US, Russia and China.

Read more:

Trump’s Surprise Trade Deal With India Resets Fractured Ties - Bloomberg

Further listening:

India Wanted to Become The World’s Toymaker. Then Tariffs Happened

India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.

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Four years after Thailand became the first country in Asia to decriminalize cannabis, its booming market is at a crossroads. Initial high hopes for a tourism surge and a billion-dollar industry have been replaced by an oversupply of shops and a fierce public backlash.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Patpicha Tanakasempipat about what went wrong and whether the industry can weather a political firestorm.

Read more: Weed Backlash Grows in Thailand as Kids Turn to Cannabis

Hosted by K. Oanh Ha; Produced by Yang Yang, Naomi Ng; Reported by Patpicha Tanakasempipat; Edited by Paddy Hirsch, Julia Weaver

Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa

Senior Producer Naomi Shavin; Deputy Executive Producer Julia Weaver; Executive Producer Nicole Beemsterboer

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From sinking Treasuries to global selloffs, the turmoil in Japan’s bond market is being felt far beyond its borders.

On today’s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Ruth Carson to unpack what’s rattled international investors and why markets are still on tenterhooks.

Read more: Japan Bond Crash Unleashes a $7 Trillion Risk for Global Markets

Further listening: The Dollar’s Dominance Is Unwinding in Asia

Carry Trades, Explained

Hosted by K. Oanh Ha; Produced by: Naomi Ng, Yang Yang; Reported by Ruth Carson; Edited by Paddy Hirsch, Julia Weaver;

Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa;

Senior Producer Naomi Shavin; Deputy Executive Producer Julia Weaver; Executive Producer Nicole Beemsterboer

See omnystudio.com/listener for privacy information.