Business

India Stands Firm Against US Tariff Threats: A Bold Response to Hypocrisy and Economic Bullying

India's Bold Stand Against US Tariffs and Hypocrisy

In a strong rebuttal to US President Donald Trump's recent tariff threats and derogatory remarks labeling India as a 'dead economy', the Indian government has highlighted the hypocrisy of Western nations, particularly the US and EU, regarding their trade relations with Russia. India's Ministry of External Affairs (MEA) has articulated a clear message, emphasizing the nation's strategic decisions in securing its national interests and economic stability.

Trump’s tariff threats & jibes: India calls out US, EU hypocrisy

India's Economic Strategy and Global Positioning

Despite the pressure, India continues its oil imports from Russia, showcasing its independent foreign policy and economic strategy. The MEA pointed out the significant trade volumes between the EU and Russia, questioning the rationale behind singling out India. Commerce Minister Piyush Goyal reinforced India's economic resilience, projecting it to become the world's third-largest economy soon.

Prime Minister Modi's Call for Self-Reliance

Amidst the ongoing trade tensions, Prime Minister Narendra Modi has reiterated the importance of promoting domestic products and industries, aligning with the 'Make in India' initiative. This stance not only reflects India's commitment to self-reliance but also its readiness to face global economic challenges head-on.