Dhruva Jaishankar of the Observer Research Foundation discussed tariff priorities under President Trump’s administration, focusing on Canada, Mexico, China, and the EU. He warned that the new global reciprocal taxes would adversely affect India along with other countries. He expressed hope for an interim trade deal before April 2. He also highlighted the significance of the Raisina Dialogue and addressed the Russia-Ukraine conflict and its implications for the Global South.
During a recent discussion, Dhruva Jaishankar, Executive Director of the Observer Research Foundation, outlined crucial tariff priorities under President Donald Trump’s administration. He stated that Canada, Mexico, China, and to a lesser extent, the European Union, are the primary focus, while India has managed to remain somewhat exempt. However, he emphasized that global reciprocal taxes announced by Trump would significantly impact India and similar nations.
Jaishankar noted that with India’s relatively high tariff rates compared to the United States, the country faces considerable repercussions from these tariffs. He highlighted ongoing trade negotiations, expressing hope for an interim agreement by April 2nd that could pave the way for a more comprehensive deal by September or October. He cautioned that the imposition of tariffs could lead to retaliatory measures from India, urging that negotiations are critical in these upcoming weeks.
Furthermore, Jaishankar participated in the Raisina Dialogue, emphasizing its role as a pivotal global forum with over 4,000 delegates and more than 100 sessions. He portrayed the dialogue as more constructive and positive than similar international gatherings, such as the Munich Security Conference, highlighting key themes including connectivity and trade, as well as geopolitical issues relating to Ukraine and the Indo-Pacific region.
On the topic of the Russia-Ukraine conflict, he remarked on Ukraine’s acceptance of terms for a ceasefire, shifting responsibility to Russia. He indicated that discussions between Trump and President Putin were anticipated, underlining that the status of Ukraine remains uncertain and highly contingent upon international involvement.
Jaishankar outlined India’s potential role in mediating the conflict alongside other countries like Saudi Arabia, emphasizing that India is ready to act as an intermediary if both parties agree. He acknowledged recent efforts from all sides for peace but stated that clarity on Russia’s response would take time.
Addressing the broader implications of US reciprocal tariffs for the Global South, Jaishankar identified three key issues: institutional reform in global organizations, health, energy, and food security, and climate justice. He expressed concern over whether the role of the US would hinder or create opportunities for developing nations, particularly in light of recent global challenges.
In conclusion, Dhruva Jaishankar underscored the strategic tariff priorities of the Trump administration, particularly their impacts on India and the Global South. He addressed the crucial role of ongoing trade negotiations and the need for constructive dialogue amid geopolitical tensions. The Raisina Dialogue emerged as an influential platform for fostering meaningful discussions on pressing global issues, while the potential for India to mediate the Russia-Ukraine conflict illustrates its growing diplomatic significance. The outcomes of these engagements could significantly shape international relations moving forward.
Original Source: www.business-standard.com
