‘We never negotiate at gunpoint’: India after Donald Trump hits 90-day pause on tariffs | India News

NEW DELHI: Union commerce minister Piyush Goyal on Friday mentioned that India would “never negotiate at gunpoint” after US President Donald Trump hit a 90-day pause interval on tariff imposition on nations together with India.
“Trade talks proceed when both sides are sensitive to each other’s concerns and requirements. All our trade talks are progressing well, in the spirit of India First, and to ensure our pathway to Viksit Bharat @ 2047 in the Amrit Kaal,” Goyal mentioned talking on the sidelines of the Italy-India enterprise, science and know-how discussion board.
“We never negotiate at gunpoint. Favourable time constraints motivate us for quicker talks, but till the time we are not able to secure the interest of our country and our people, we do not hurry,” he added.
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Donald Trump had, on Wednesday, introduced a 90-day pause interval on tariff imposition together with 26% on India, besides China.
“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!” Trump had declared.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the USA., and other Countries, is no longer sustainable or acceptable,” he mentioned, exempting China from the pause interval.
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Meanwhile, exterior affairs minister S Jaishankar remarked that India’s commerce negotiations had been fairly complicated, noting that the United States had excessive expectations and the worldwide surroundings has modified considerably in comparison with a 12 months in the past.
“This time around, we are certainly geared up for a very high degree of urgency. I mean, we see a window. We want to see stuff. So our trade deals are really challenging. And we are really, when I look at the trade deals, I mean it’s not my direct credit, but we have a lot to do with each other. I mean, these are people very much on top of their game, very ambitious about what they want to achieve,” he mentioned.
“We talked for four years during the first Trump administration. They have their view of us, and frankly, we have our view of them. The bottom line is that they didn’t get that. So if you look at the EU, often people say we’ve been negotiating for 30 years, which is not entirely true because we had big blocks of time and nobody was even talking to each other. But they have tended to be very protracted processes,” he added.
India is taking a measured method to the matter, with the federal government actively pursuing the US-India commerce settlement that was introduced throughout Prime Minister Narendra Modi’s go to to the United States earlier this 12 months. While the 26% tariff imposed on India is increased than what many specialists anticipated, it stays decrease than the charges imposed on different nations. For occasion, China initially confronted a mixed tariff of 54% (20% plus a 34% low cost), which has now been raised to 125% following its retaliatory actions.