EAM Jaishankar on tariffs, sanctions: ‘Like it or not, they are a reality’
4 days, 10 hours ago

EAM Jaishankar on tariffs, sanctions: ‘Like it or not, they are a reality’

The Hindu  

External Affairs Minister S. Jaishankar highlighted the reality of there being increased use of tariffs and sanctions by various countries to protect one’s economic interests, and that developing International relations has “eroded” the lines which divide the different domains across countries. It could be financial flows, it could be energy supplies, it could be technology,” EAM Jaishankar said, as he was asked on India’s refusing to use tariffs and sanctions on other countries. ‘Like it or not, tariffs are a reality’: Jaishankar Mr. Jaishankar made the remarks during the panel discussion “Commissars and Capitalists: Politics, Business and New World Order,” during the Raisina Dialogue held in New Delhi on Wednesday. If you see in international relations, I think it’s a less restrained culture today than it was a decade ago.” Earlier on March 13, White House Press Secretary Karoline Leavitt, while lamenting the tariffs imposed by various nations on the United States, referred to the tariffs imposed by India on American alcohol and agricultural products.

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History of this topic

I believe India will cut tariffs substantially on U.S. goods, says Trump
Trending News
3 days, 2 hours ago

I believe India will cut tariffs substantially on U.S. goods, says Trump

The Hindu  

U.S. President Donald Trump has said that he believes India will lower its tariffs on American goods, even as he reiterated his threat to impose reciprocal tariffs on the country starting April 2. Asked about his summit with Prime Minister Narendra Modi last month, Mr. Trump said he has a “very good relationship” with India. probably going to be lowering …

Raisina Dialogue: S Jaishankar expresses concern over weaponisation of trade
4 days, 8 hours ago

Raisina Dialogue: S Jaishankar expresses concern over weaponisation of trade

Hindustan Times  

The weaponisation of tariffs and export controls is forcing India to find trade partners who are more trustworthy, reliable and transparent, external affairs minister S Jaishankar said on Wednesday. Speaking at the Raisina Dialogue, India’s flagship conference on geopolitics, the EAM made no direct reference to US President Donald Trump’s threat to use tariffs against a range of partners and …

How Trump’s tariffs can be opportunity in crisis for India
1 week, 1 day ago

How Trump’s tariffs can be opportunity in crisis for India

Firstpost  

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. India’s Historical Inward Focus India has a robust domestic market, which accounts for approximately 60 per cent of its GDP. The result was a 10-18 per cent cost disability in assembly and manufacturing compared to Southeast Asian rivals, leaving India’s …

Donald Trump’s tariffs threats could be good for India, says ex-RBI deputy
Trending News
1 week, 6 days ago

Donald Trump’s tariffs threats could be good for India, says ex-RBI deputy

Live Mint  

Viral Acharya, former deputy governor of Reserve Bank of India said that US President Donald Trump's threats to hike tariffs could strengthen India's economy. How India benefits Acharya said large Indian firms that had benefitted from the protectionist measures will initially lose some value, but the economy will benefit overall. Competition from foreign firms Opening the economy to foreign firms …

Tariffs should be tapered off after building globally competitive domestic businesses: Niti Aayog member
Trending News
2 weeks ago

Tariffs should be tapered off after building globally competitive domestic businesses: Niti Aayog member

Live Mint  

New Delhi: Tariffs aimed at protecting domestic industries from foreign competition have to be gradually tapered off as these industries learn to stand on their feet, Niti Aayog member Arvind Virmani said. According to the former chief economic advisor in the finance ministry, tariffs are effective only if they help in building globally competitive domestic businesses. In India, the thinking …

Trump’s tariff war | Is India prepared to deal with it?
2 weeks, 2 days ago

Trump’s tariff war | Is India prepared to deal with it?

The Hindu  

Trump’s tariff war | Is India prepared to deal with it? There is the USTR’s Indi brief too US Trade Representative India brief – for the US administration’s perspective 2. Trade War Containers Don’t Lie: Navigating the Bluster Lori Ann Larocco There are a few useful papers: 6. Trump’s Trade Policies Peril Global Economic Stability Script & Presentation: Suhasini Haidar …

Jairam Ramesh jabs PM over Trump threat: Only interested in 'tareef' not tariffs
2 weeks, 2 days ago

Jairam Ramesh jabs PM over Trump threat: Only interested in 'tareef' not tariffs

India Today  

Prime Minister Narendra Modi is only interested in 'tareef' and not concerned with tariffs, Congress general secretary Jairam Ramesh said on Friday and wondered where is the PM's "56-inch chest" is in dealing with US threats on the reciprocal tariff issue. He said Trump is redoing the entire rules of international trade and asserted that the US President's whole idea …

India, US negotiating trade pact that will address tariff issues: Jaishankar
2 weeks, 3 days ago

India, US negotiating trade pact that will address tariff issues: Jaishankar

Hindustan Times  

NEW DELHI: Many of the priorities of the Donald Trump administration in the US are favourable to India and the two sides are engaged in negotiations for a bilateral trade agreement that can address issues such as tariffs, external affairs minister S Jaishankar has said. Many of Trump’s priorities “work for us”, Jaishankar said, listing the US president’s commitment to …

EAM S Jaishankar says US President Donald Trump’s bold foreign policy shift ‘not surprising,’ sees benefits for India
Trending News
2 weeks, 3 days ago

EAM S Jaishankar says US President Donald Trump’s bold foreign policy shift ‘not surprising,’ sees benefits for India

Live Mint  

External Affairs Minister S Jaishankar has said that he is not surprised by the foreign policy shift under President Donald Trump in the United States and that it was good for India in many ways. “I must say, in all honesty, it is not surprising,” the minister said in London when asked what he makes of the first 41 days …

S Jaishankar says ‘expected’ US foreign policy shift under Trump ‘suits India in many ways’
Trending News
2 weeks, 3 days ago

S Jaishankar says ‘expected’ US foreign policy shift under Trump ‘suits India in many ways’

Hindustan Times  

External Affairs minister S Jaishankar said that the United States' foreign policy shift under President Donald Trump was “expected” and added that it “suits India in many ways” as the Republican administration's actions are moving the world order towards multipolarity. Jaishankar said the foreign policy actions of the US under Trump were not surprising. The Rajya Sabha MP also reflected …

Sanjeev Ahluwalia | Trump’s DOGE and hidden costs of ‘reciprocal tariffs’
3 weeks, 3 days ago

Sanjeev Ahluwalia | Trump’s DOGE and hidden costs of ‘reciprocal tariffs’

Deccan Chronicle  

It is a measure of the randomness of the policy changes in the United States that the left hand no longer knows what the right is doing, or more appropriately, neither of its two right hands know what the other is up to. The problem is that even as Mr Musk sculpts the US government to shed generational lard, the …

Playing King's Indian Defence to President Trump's potentially $6.75 trillion tariff gambit
1 month ago

Playing King's Indian Defence to President Trump's potentially $6.75 trillion tariff gambit

New Indian Express  

The much-feared global trade tariff tussle 2.0 is here and real. Alarmingly, estimates also peg that the series of sweeping tariffs targeting all major US trading partners could spark a geopolitical bloc-based trade war, potentially costing the global economy up to $6.75 trillion. Trump, the tariff fan As Stephen Mirran, chief of Trump's Council of Economic Advisers, argued in a …

Can India stay unscathed as Trump’s trade war threatens to escalate?
1 month, 1 week ago

Can India stay unscathed as Trump’s trade war threatens to escalate?

Live Mint  

The return of President Donald Trump to the White House has made tariffs a primary tool for addressing multiple issues that America faces, from illegal immigration and inflows of fentanyl and other drugs to its large trade deficit and need to increase government revenue. Trump’s actions also raise broad questions of whether trade agreements can ensure a predictable trade regime, …

India has ‘enormously high’ tariffs: PM will have to address issue in US trip, top US aide says amid Trump’s trade war
1 month, 1 week ago

India has ‘enormously high’ tariffs: PM will have to address issue in US trip, top US aide says amid Trump’s trade war

Live Mint  

United States President Donald Trump's top economic adviser, Kevin Hassett, has flagged India's import tariffs as “enormously high” amid the trade war unleashed by the US, news portal CNBC-TV-18 reported on Monday, February 10. “Almost every trading partner has much higher tariffs than we do.” Trump's tariffs US President Donald Trump is expected to announce 25 per cent tariffs on …

Trump says he will tariff and tax foreign countries. Trouble for India?
2 months ago

Trump says he will tariff and tax foreign countries. Trouble for India?

India Today  

US President Donald Trump on Monday said he would impose tariffs and taxes on "foreign countries" "to enrich" Americans and said he will create an "external revenue service" to collect "massive amounts" of duties and other revenues from foreign sources. Trump's pledge to implement a trade policy of "tariff and tax" on other countries, also has significant implications for countries …

Donald Trump's tariff threat: Top experts discuss what it means for India
2 months, 3 weeks ago

Donald Trump's tariff threat: Top experts discuss what it means for India

India Today  

Donald Trump is set to return to the White House as the 47th President of the United States on January 20, 2025, for his second term and his pre-election rhetoric about increasing tariffs has sparked discussions about potential implications for global trade and India's economy. In an exclusive panel discussion with Rahul Kanwal, News Director at Aajtak & India Today, …

India Is Shooting Itself in the Foot on Trade — Again
Trending News
2 months, 3 weeks ago

India Is Shooting Itself in the Foot on Trade — Again

Live Mint  

-- President-elect Donald Trump has renewed his threat to impose a tariff wall on Indian imports to the US. In particular, companies are flummoxed by a new weapon in the bureaucrats’ arsenal they call “Quality Control Orders.” QCOs are apparently innocuous demands that imports into India satisfy quality standards. If India actually wanted to protect consumers, then it would — …

Trump’s approach to trade could be disruptive without doing much for America and the world
3 months ago

Trump’s approach to trade could be disruptive without doing much for America and the world

Live Mint  

Donald Trump will be sworn in as president of the US for a second time on 20 January 2025. India is one of the countries that Trump has threatened in case it moves ahead with using currencies other than the US dollar for its international trade. The US can reduce its aggregate trade deficit with the rest of the world …

‘India Never For De-Dollarisation, There’s No BRICS Currency Proposal’: Jaishankar After Trump’s Tariff Warning
Trending News
3 months, 2 weeks ago

‘India Never For De-Dollarisation, There’s No BRICS Currency Proposal’: Jaishankar After Trump’s Tariff Warning

ABP News  

External Affairs Minister S. Jaishankar on Saturday addressed remarks by Prime Minister Narendra Modi and U.S. President-elect Donald Trump, particularly focusing on Trump's recent warning to BRICS nations about imposing a 100 per cent tariff if they pursued a BRICS currency. EAM S Jaishankar Acknowledges Complexities Of Global Diplomacy Speaking at the Doha Forum, hosted by Qatar's Prime Minister and …

Opinion: Making America Gated Again - India should know Trump means tariffs
Trending News
3 months, 3 weeks ago

Opinion: Making America Gated Again - India should know Trump means tariffs

India Today  

If there’s one tool that Donald Trump loves to use against other countries, it’s tariffs. The president-elect telegraphed his intention to impose tariffs on any and every country throughout the election campaign, so no one should be surprised that Trump announced he would impose tariffs on imports from Canada, Mexico, and China on Day 1 unless they took steps to …

'India is in regular touch with both Israel and Iran...': Jaishankar affirms New Delhi's support for ceasefire
3 months, 3 weeks ago

'India is in regular touch with both Israel and Iran...': Jaishankar affirms New Delhi's support for ceasefire

India TV News  

Rome: India supports an immediate ceasefire in West Asia and favours a two-state solution in the long-term, External Affairs Minister S Jaishankar said Monday as he condemned terrorism, hostage-taking and civilian casualties in military operations. Speaking at the 10th edition of the MED Mediterranean Dialogue in Rome, Jaishankar said that India regards large-scale civilian casualties in military operations to be …

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more
4 months ago

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more

Live Mint  

US Congressman-elect Suhas Subramanyam has expressed strong opposition to imposing tariffs on Indian imports, warning that such a move could trigger a trade war between the two countries. As Trump prepares to assume office, there is growing concern that his administration may impose higher tariffs on Indian exports, potentially straining trade relations between the two nations. Suhas Subramanyam, 38, has …

Non-tariff barriers, regulatory impediments must be addressed: EAM on India-Russia trade
4 months, 1 week ago

Non-tariff barriers, regulatory impediments must be addressed: EAM on India-Russia trade

Hindustan Times  

The imbalance in India-Russia trade needs to be addressed urgently, including steps to remove non-tariff barriers and regulatory impediments and facilitate the settlement of trade in national currencies, external affairs minister S Jaishankar said on Monday. Jaishankar’s remarks, made while addressing the India-Russia Business Forum in Mumbai alongside Russia’s first deputy prime minister Denis Manturov, came against the backdrop of …

India’s mask of economic liberalism is off
4 years, 4 months ago

India’s mask of economic liberalism is off

The Hindu  

India’s External Affairs Minister S. Jaishankar recently disapproved of free trade and globalisation. Third, in blaming FTAs for the woes of India’s manufacturing, the External Affairs Minister is contradicting his own government’s economic survey presented earlier this year, which concluded that India has benefitted overall from FTAs signed so far. Fourth, the External Affairs Minister, following the finest traditions of …

‘Trade friction between U.S., India is over unequal tariffs’
6 years, 11 months ago

‘Trade friction between U.S., India is over unequal tariffs’

The Hindu  

The friction between the U.S. and India on trade issues has arisen due to the unequal tariff regime implemented by the two countries, according to a senior U.S. envoy, even as India is trying to get an exemption from the import tariffs imposed by the U.S. on steel and aluminium. U.S. Assistant Trade Representative Mark Linscott is visiting New Delhi …

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