The Minister of Foreign Affairs of the IndiaSubrahmanyam jaishankar, disse neste sábado (23) Que as commercial negotiations with Washington continue, but there are lines that New Delhi needs to defend, a few days before tariffs heavy additional from USA enter into force.
Indian products face additional American rates of up to 50%, among the highest imposed by Washington, due to a 25% tariff has already entered into force, while the remaining 25% should be valid from August 27.
One ending the hopes that taxes could be reduced or postponed.
“We have some boundaries in the negotiations, which should be kept and defended,” Jaishankar said in an Economic Times forum in New Delhi, highlighting the interests of farmers and small producers in the country.
As commercial negotiations Between India and the US failed earlier this year due to India’s refusal to open its vast agricultural and dairy sectors. THE business Bilateral between the world’s largest economy and the fifth largest economy in the world totals more than $ 190 billion.
“It’s our right to make decisions in our ‘national interest’,” said Jaishankar.
Analysts from the capital Economics said on Friday (22) that if total US tariffs come into force and maintained, the impact on India’s economic growth would be 0.8 percentage point this year and next.
“Long -term damage can be even higher, as a high rate can damage India’s appeal as a global manufacturing center.”
The Indian minister described the political announcements of the US President, Donald Trumpas “unusual”.
“We have never had a US president who conducted his foreign policy as publicly as the current one, and this represents a removal from the traditional way of driving business with the world,” said Jaishankar.
He also said that Washington’s concern for the purchases of Russian oil by India was not being applied to other major buyers, such as the China and European Union.
“If the argument is oil, then there are (other) great buyers. If the argument is who is negotiating the most (with Russia), then there are larger negotiators,” he said.
Trade between Russia and Europe is larger than trade between India and Russia, he added.
The minister also said that India’s Russian oil purchases had not been raised in previous commercial negotiations with the US before the public announcement.
