The Minister of Outdoor Affairs Jaishankar said on Wednesday that it is not possible to predict the impact of the mutual tariffs of US President Donald Trump on India. However, the Minister said the strategy of the new Delhi, which will deal with this situation, is to strengthen the bilateral trade agreement with Washington this autumn.
In the first detailed response to American policy concerning the Jaishankar tariff, India was perhaps the only country that would understand Washington to conclude a business agreement after Trump assumed the Presidency for the second time.
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“I don’t think it is possible to talk about what it would be because we don’t know. What is our strategy? I think it’s pretty clear,” said Rising Bharat Summit at NewS18 Jaisharat.
Trump’s mutual tariffs
The comments of Jaishankar came hours after Trump’s extensive tariffs against about five countries, including India, came into force, raised trade disruption and concerns about the global economic recession.
“We decided to involve Trump’s administration soon on this set of questions and were very open with them, very constructive with them, as they were with us, and what we agreed was to negotiate a bilateral trade agreement until this year,” Jaishanjar said at the top.
On Wednesday morning, 26 % of President Trump’s tariffs were fully due to imports from India. Trump announced reciprocal tariffs 3. April in Rose Garden of the White House as part of its “liberation” announcement.
India is one of the countries that have adopted cautious access in response to a potentially seismic event and stated that it was engaged in Trump’s administration on a bilateral trade agreement (BTA).
After the interviews between Prime Minister Narendra Modi and Trump in Washington DC in February, both parties announced the first BTA tranhes in the autumn of 2025.
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“I think we are the only country after President Trump assumed the Presidency for the second time, which actually achieved in principle such an understanding,” said Jaishankar.
Jaishankar said that every country in the world today creates its own strategy for solving the United States and that the Indian goal is to conclude a business contract with Trump’s administration.
“In our case, our strategy has a goal. The aim is to find out whether it is possible to deal with this situation by concluding a bilateral trade agreement. And I should add that it has been an interesting way for a long time,” he said.
Jaishankar said that the “current situation” may have created circumstances for such a serious conversation on a business agreement.
“A negotiated business agreement in the first term Trump” “
“But if you look at President Trump’s first term, we actually negotiated a business agreement that could not frame, and if one even looks at Biden’s administration, we discussed business opportunities and ended with IPEF initiative,” he said.
In accordance with the long-term vision of Washington for Indo-Pacifik, US President Joe Biden launched an ambitious indo-tichoral economic framework for prosperity in May 2022.
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“They (Biden Administration) were very aversion to carry out a bilateral agreement. In fact, it is not to develop something bilaterally with the United States at all negative or some undesirable situations,” Jaishankar said. On the contrary, it is something that was our goal, he said.
(Tagstotranslate) Trump Tarriff
