Minister of External Affairs Dr S Jaishankar on Sunday affirmed that India is trying to resolve the trade issues with the United States. He also reiterated that tariffs levied on India are 'unfair'
Speaking at the Kautilya Economic Conclave (KEC 2025), Jaishankar said, "We have issues with the United States today - mainly that we haven’t yet reached a landing ground in our trade discussions. This has led to certain tariffs being levied on us, which we have publicly said are unfair."
US President Donald Trump levied 25% tariff on Indian shipments, along with an additional 25% tariff citing India's purchase of Russian oil.
Speaking on India-US relations, Jaishankar said, "There is also a second tariff related to sourcing energy from Russia, whereas other countries, even those with more adversarial relations with Russia, have done so. These issues need to be resolved, and we are actively working on them..."
"In recent years, we’ve seen a completely new level in the application of sanctions, even the seizure of sovereign assets," Jaishankar said. "The rise of crypto, and competition for rare earths and critical minerals have become major factors shaping global rivalries."
Jaishankar also emphasized on the changing energy dynamics around the world, especially the US which is now a significant exporter of energy.
"One of the big changes in recent years is that the United States, which for decades worried about its external energy dependence, has not only become self-sufficient but is now a significant exporter of energy and has made it a key part of its strategic outlook," the minister said.
"Just as the US has emerged as a champion of fossil fuels, China has established itself as a leader in renewables - so, whichever path you take on renewables, all roads eventually lead there as well," Jaishankar added.
Speaking at the Kautilya Economic Conclave (KEC 2025), Jaishankar said, "We have issues with the United States today - mainly that we haven’t yet reached a landing ground in our trade discussions. This has led to certain tariffs being levied on us, which we have publicly said are unfair."
US President Donald Trump levied 25% tariff on Indian shipments, along with an additional 25% tariff citing India's purchase of Russian oil.
Speaking on India-US relations, Jaishankar said, "There is also a second tariff related to sourcing energy from Russia, whereas other countries, even those with more adversarial relations with Russia, have done so. These issues need to be resolved, and we are actively working on them..."
"In recent years, we’ve seen a completely new level in the application of sanctions, even the seizure of sovereign assets," Jaishankar said. "The rise of crypto, and competition for rare earths and critical minerals have become major factors shaping global rivalries."
Jaishankar also emphasized on the changing energy dynamics around the world, especially the US which is now a significant exporter of energy.
"One of the big changes in recent years is that the United States, which for decades worried about its external energy dependence, has not only become self-sufficient but is now a significant exporter of energy and has made it a key part of its strategic outlook," the minister said.
"Just as the US has emerged as a champion of fossil fuels, China has established itself as a leader in renewables - so, whichever path you take on renewables, all roads eventually lead there as well," Jaishankar added.
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