India's Response to New US Tariffs
India plans to protect its national interests in response to the US imposing 25% tariffs, according to Commerce and Industry Minister Piyush Goyal. The government is analyzing the implications of the tariffs, which are set to begin on August 1, highlighting preparation for possible economic challenges.
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India is preparing to take all necessary steps to safeguard its national interests following a new tariff announcement from the United States. Commerce and Industry Minister Piyush Goyal addressed the issue on Thursday, indicating the government's commitment to a robust response to the economic measures.
Speaking in a spontaneous statement to the Lok Sabha, Goyal emphasized the urgency of studying the implications of the 25 per cent tariffs introduced by US President Donald Trump. The assessment aims to ensure strategic measures are in place prior to the implementation date.
The tariffs, which are expected to affect trade starting August 1, prompt India's government to scrutinize potential impacts on the nation's economic stability, with proactive steps being planned to mitigate the challenges posed by these developments.
(With inputs from agencies.)
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