{"id":355371,"date":"2025-07-31T22:21:41","date_gmt":"2025-08-01T03:51:41","guid":{"rendered":"https:\/\/tehelka.com\/?p=355371"},"modified":"2025-07-31T22:38:49","modified_gmt":"2025-08-01T04:08:49","slug":"trump-tariff-india-not-worried-will-not-retaliate-answer-him-publicly-on-issue-officials","status":"publish","type":"post","link":"https:\/\/tehelka.com\/trump-tariff-india-not-worried-will-not-retaliate-answer-him-publicly-on-issue-officials\/","title":{"rendered":"Trump\u2019 tariff\u2014India ‘not too worried’; will not retaliate, answer him publicly on issue: officials"},"content":{"rendered":"\n

\u201cBasically, what Trump seems to be looking for is a reaction, India believes silence is the answer and whatever has to be said or done will be on the negotiation table,\u201d they say<\/em><\/p>\n\n\n\n

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New Delhi, Apr 29 (ANI): Prime Minister Narendra Modi chairs a meeting with Defence Minister Rajnath Singh (unseen), National Security Advisor Ajit Doval (unseen), Chief of Defence Staff General Anil Chauhan (unseen) and chiefs of all the Armed Forces, in New Delhi on Tuesday. (ANI Photo)<\/figcaption><\/figure>\n\n\n\n

Apparently, India is not too worried about US President Donald Trump\u2019s 25% tariff announcement and will neither retaliate nor answer him publicly on the issue, sources in know of the developments say.<\/p>\n\n\n\n

\u201cBasically, what Trump seems to be looking for is a reaction. India believes silence is the answer and whatever has to be said or done will be on the negotiation table,\u201d they said on the day Commerce Minister Piyush Goyal addressed Parliament, emphasising the Narendra Modi government\u2019s focus on national interest.<\/p>\n\n\n\n

\u201cTrump is a businessman, an extremely transactional person, and he seems to be frustrated over India\u2019s resistance. The fact is he has said worse things to Europe and Canada,\u201d they added, also pointing Donald Trump’s Treasury Secretary Scott Bessent said   <\/p>\n\n\n\n

Bessent told a TV channel that the US president and his entire trade team are \u201cfrustrated\u201d with India over stalled trade talks. \u201cIndia came to the table early. They have been slow rolling things. So I think that the President, the whole trade team, has been frustrated with them,\u201d Bessant was quoted as saying.<\/p>\n\n\n\n

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What Trump said<\/strong><\/p>\n\n\n\n

In a sharp escalation before the August 1 deadline, Trump announced a 25% tariff and penalty on Indian goods even as trade negotiations between Washington and New Delhi are ongoing. He topped it with an unspecified penalty linked to India\u2019s ongoing trade with Russia, particularly in oil and arms.<\/p>\n\n\n\n

Later he called India \u201cdead economy\u201d with which the US has done very little business with.<\/p>\n\n\n\n

\u201cI don\u2019t care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let\u2019s keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he\u2019s still President, to watch his words. He\u2019s entering very dangerous territory!\u201d he said<\/p>\n\n\n\n

Offering a measured response, India said that it would evaluate the implications of the tariff hike.<\/p>\n\n\n\n

What India said<\/strong><\/p>\n\n\n\n

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Goyal told Parliament that India will protect its national interest while pursuing any trade deal with world economies.  The government is studying the implications of the tariff announcements and what seemed like a response to Trump\u2019s jibe that India is a \u2018dead economy\u2019, he said the Indian economy will soon become the third largest in the world in terms of GDP size and is currently the world\u2019s fastest growing major economy. <\/p>\n\n\n\n

\u201cIn less than a decade, India came out of \u2018Fragile Five\u2019 economies and it has now become the fastest-growing economy of the world. On the basis of the hard work of reforms, farmers, MSMEs and industrialists, we have come in the top five economies of the world from the 11th largest economy. It is expected that we will be the third largest economy in a few years. Today, global institutions and economists see India as a bright spot in the global economy,\u201d Goyal said.<\/p>\n\n\n\n

The ministry is engaged with all stakeholders including exporters and industry, for feedback\/ assessment of the situation, he also said<\/p>\n\n\n\n

Economists forecast a limited macroeconomic impact, however, sectors like pharmaceuticals, textiles, gems and jewellery, and automobiles may be affected. On Thursday Indian stock markets remained cool with no panic attacks, though benchmark indices closed in the red.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cBasically, what Trump seems to be looking for is a reaction, India believes silence is the answer and whatever has to be said or done will be on the negotiation table,\u201d they say Apparently, India is not too worried about US President Donald Trump\u2019s 25% tariff announcement and will neither retaliate nor answer him publicly […]<\/p>\n","protected":false},"author":187,"featured_media":354027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[15917,167,15084,36],"tags":[18841,18477,19929,19726,316],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355371"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/187"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=355371"}],"version-history":[{"count":2,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355371\/revisions"}],"predecessor-version":[{"id":355373,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355371\/revisions\/355373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/354027"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=355371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=355371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=355371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}