India's Reaction to U.S. Tariffs
Even if India is considered a friendly country, they have recently experienced new trade tariffs imposed by the United States. President Trump declared a 25 percent tariff on India citing its oil trade with Russia. Indian officials responded by confirming that there will be no retaliation.
Sources explained that India would take up the issue in diplomatic talks. They insisted that common interests would be the basis of all decisions. In their view, silence is a better response than counter-actions.
Officials Have Faith in India's Financial Stability
The officials played down fears of the effect of tariffs. Some experts had suggested they would inflict damage on India's most important industries. Nevertheless, Indian sources indicated that India had previously suffered similar restrictions during early nuclear tests.
At that time, the economy of India was small. Presently, officials affirm that the Indian economy is stable and powerful. They are sure no damage will be done to India because of the U.S. move. Negotiations with America are ongoing, and both nations hope for a positive outcome.
Commerce Minister Assures Diplomatic Strategy
Union Commerce Minister Piyush Goyal spoke on this issue in Parliament. He acknowledged that talks with the U.S. are in progress. He assured that national interests, including of small businesses, farmers, and traders, will be safeguarded by the government.
remarks from US and Indian Political Leaders
President Trump defended the tariffs by citing India's purchase of oil from Russia. President Trump criticized both nations, implying that their economies were poor. Trump indicated that he did not care about India's stand on Russia and cautioned them against making things worse.
Opposition Leader Rahul Gandhi also weighed in. Speaking in the Lok Sabha, he supported Trump’s remarks, claiming that the Indian economy has collapsed. He accused Prime Minister Modi and Finance Minister Nirmala Sitharaman of ignoring this reality.
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