Dhruva Jaishankar highlighted Trump’s tariff priorities affecting Canada, Mexico, China, and the EU, with India being primarily exempt. He discussed the potential adverse effects on India and ongoing trade negotiations. He also commented on the Raisina Dialogue’s significance as a platform for geopolitical discussions and India’s role in the Russia-Ukraine negotiations, focusing on issues affecting the Global South.
Dhruva Jaishankar, Executive Director of the Observer Research Foundation, stated that President Trump’s tariff focus primarily lies with Canada, Mexico, China, and partially the European Union, while India has been somewhat exempt thus far. He noted that these tariffs will significantly impact India, especially with high Indian tariffs compared to the U.S. Jaishankar mentioned that commerce discussions are ongoing, with hopes for an interim agreement by April 2 to foster trade relations and prevent further tariffs from both sides.
In summary, Trump’s emphasis on tariffs poses challenges for India, though exemptions have been noted. Ongoing dialogues may lead to interim agreements aimed at stabilizing trade relations, alongside significant discussions at the Raisina Dialogue concerning global geopolitical issues. The potential for India to mediate in the Russia-Ukraine conflict also indicates its diplomatic role is evolving. Nonetheless, the impact of U.S. tariffs on the Global South remains a critical concern for India and its allies.
Original Source: www.business-standard.com
