India's Response to US Tariffs: A Strategic Stand
BJP MP Damodar Agarwal and Union Minister Piyush Goyal have reinforced the Indian government's stance following US President Trump's announcement of 25% tariffs on India. The government intends to safeguard its interests through collaboration with stakeholders, aiming for consistent development and economic resilience.
- Country:
- India
In a significant move aligned with India's economic resilience narrative, BJP MP Damodar Agarwal supported Union Commerce Minister Piyush Goyal's decisive statement in Parliament. This comes in response to US President Donald Trump's sweeping announcement imposing a 25% tariff on Indian goods.
Minister Piyush Goyal assured Parliament that the government is in active dialogues with stakeholders, including exporters and industrialists, to formulate a robust response. The strategy centers around India's steadfast economic growth and safeguarding national interests.
As tensions escalate, India's swift exit from the 'Fragile Five' list to excel as the fastest-growing economy underscores its adaptive policy-making. With Trump further hinting at penalties over Russian oil imports, India gears up for strategic negotiations and policy implementations by August 7.
(With inputs from agencies.)
Google News