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India has rapidly criticized the United States unilateral decision to impose 50% tariffs on its exports, calling the move “inappropriate, inappropriate and unfair”. US President Donald Trump signed an executive order to double the duties on Indian goods, senior Indian diplomat Dammu Ravi termed the move as irrational and insecure.
Ravi, secretary of economic relations in the Ministry of External Affairs, said, “This is a unilateral decision. I don’t think there is any argument or reason in the way it has been done.”
Speaking on the edge of the Lid Brazil India Forum, Ravi hoped that the decision would eventually reversed through the ongoing dialogue.
Is there still expected success?
Despite the growth, Ravi confirmed that trade talks between the two countries were active. “We were very close to finding a solution, and I think the speed has taken a temporary stop, but it will continue,” he said. The Indian Ministry of Commerce is leading the discussion, it is expected to visit India later this month with a team of American officials.
Ravi implicated the current dispute as a “temporary disaster” and insisted that India would not be stopped. Nominating the Middle East, Latin America, Africa and South Asia as a potential new markets, “High tariffs will not pull back or India will not pull back.
Why now? What did Trump’s latest step trigger?
Washington has suggested that Donald Trump’s latest tariff hike was fuel from New Delhi’s continuous purchase of Russian oil – a decision that has disturbed the US administration. The new tariff is expected to severely affect major Indian exports such as textiles, leather and seafood.
Nevertheless, Ravi emphasized the strategic importance of the US-India relations, describing the two countries as a “complementary partner” in business. “Our businesses and leaders want economic support,” he said.
Is the threat of US dollar in danger?
Donald Trump has also criticized discussions around the use of BRICS currency, questioning whether India is looking for a US dollar option in bilateral trade.
Ravi clarified that there is no intention of avoiding the dollar, “there is a lack of coveid after the hard currency, and the countries are looking for ways to trade in their currencies.”
He said that the work to enable such a system is going on at bilateral and bricks levels, but denied any formal axis away from the dollar.
How does Brazil fits this picture?
The time of Ravi’s comments is important, a few days after the BRICS Summit in Brazil, in which Prime Minister Narendra Modi participated. Ravi highlighted the “extremely successful” results of the summit, especially to deepen the Brazil-India relations.
He noted two democracy and fossil fuel, renewal, solar energy and cooperation in bio fuel.
Interestingly, Ravi admitted that India’s direct profit transfer scheme – which has saved crores by eliminating middlemen – was inspired by Brazil. “We have a lot to learn from each other, and this partnership can really complement,” he said.
What next? Can diplomacy be strong?
Despite the current friction, India hopes that practical diplomacy will be strong. “This is a phase that we have to overcome,” Ravi concluded. A shared desire for still in conversation with both sides and a strong economic relationship, the coming weeks may prove to be decisive for the future of one of the most important bilateral partnership in the world.
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