NEW DELHI: Tariffs and sanctions are a actuality, whether or not one likes it or not, amid the weaponisation of any sort of financial exercise over the previous decade, overseas minister S Jaishankar stated Wednesday.
As US President Donald Trump threatens to unleash a commerce battle together with his reciprocal tariffs, Jaishankar stated there is a much less restrained “tradition” in worldwide relations as we speak than a decade in the past and that is one thing all international locations must think about.
“Whether or not we prefer it or not, they’re a actuality. Nations use them. In actual fact, if one appears to be like eventually decade, I might say we now have seen just about the weaponisation of any sort of functionality or financial exercise. It may very well be monetary flows, power provides or expertise… this can be a actuality of the world,” he stated responding to a query throughout a session at Raisina Dialogue.
India, which has a big commerce surplus with US, is at the moment negotiating a commerce cope with the Trump administration to stave off Trump’s reciprocal tariff menace.
The minister added that there are alternative ways of coping with weaponisation, certainly one of which is to remain on “the fitting facet of the weapon so you do not get hit”.
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