Dhruva Jaishankar discussed the U.S. tariff priorities under Trump, focusing on Canada, Mexico, China, and the EU, while India has benefited from exemption. He expressed optimism about trade negotiations possibly yielding an interim agreement before April 2. Furthermore, he noted the Raisina Dialogue’s significance and highlighted the implications of the Russia-Ukraine conflict and reciprocal tariffs on the Global South.
On March 17, 2023, Dhruva Jaishankar, Executive Director of the Observer Research Foundation, highlighted key tariff priorities for U.S. President Donald Trump, which include Canada, Mexico, China, and the European Union, while India has enjoyed a degree of exemption. Jaishankar noted the potential impact of looming global reciprocal taxes on India, suggesting that discussions between Indian Commerce Minister Piyush Goyal and the U.S. Trade Representative could lead to an interim agreement before April 2.
Jaishankar expressed concerns about the repercussions of U.S. tariffs on India, emphasizing that the country has higher tariffs than the U.S., which could lead to significant economic strain. He indicated optimism regarding ongoing trade negotiations and the possibility of a longer-term agreement by September or October 2023. This agreement aims to mitigate tensions and avoid retaliatory tariffs between India and the U.S.
Moreover, Jaishankar commended the Raisina Dialogue, which began on the same day, for facilitating a positive and constructive atmosphere unlike many other international conferences. With over 4,000 delegates and 100 sessions planned, the conference aims to engage key global issues, including connectivity and trade, amidst ongoing geopolitical shifts involving Russia, Ukraine, and the Indo-Pacific region.
Regarding the Russia-Ukraine conflict, Jaishankar reported that Ukraine has agreed on ceasefire terms, which are now pending Russia’s response. He noted a forthcoming conversation between President Trump and President Putin, underscoring the pivotal nature of Ukraine’s status and the broader international implications of the ceasefire negotiations.
In terms of India’s potential role in facilitating dialogue, Jaishankar remarked that while Saudi Arabia has been the main intermediary, India remains open to serving as a mediator. He highlighted ongoing efforts from multiple countries but acknowledged the necessity of mutual interest from both Russia and Ukraine for true dialogue.
Lastly, Jaishankar discussed the threats posed by reciprocal trade tariffs to the Global South, identifying three main issues of concern: institutional reform, health, energy, and food security, along with climate justice. He urged that the U.S.’s less active role in global institutions could create both opportunities and challenges for the Global South, including India, as it navigates these pressing issues.
In summary, Dhruva Jaishankar emphasized the crucial tariff priorities of the U.S. under President Trump, which include Canada, Mexico, China, and the EU, while India has been relatively insulated. Negotiations between the U.S. and India present a window for potential agreements. The Raisina Dialogue serves as a vital platform for constructive discussions on geopolitical challenges. On the global stage, the response to the Russia-Ukraine ceasefire and reciprocal tariff threats are pivotal issues impacting the Global South, posing both risks and opportunities.
Original Source: www.business-standard.com
