“A laudable initiative by India “
Trump’s slapping 25% tariff on Indian goods with additional, unspecified penalty for energy imports from Russia,is most reprehensible especially when several western nations had,till recently, imported natural gas (PNG) from Russia.No tariff was imposed on them. The US’s latest salvo is threat to raise the tariff on India “very substantially over the next 24 hours”,labelling Indian and Russian economies as “dead economies”.
Enough is enough.India should not bow to the US’s pressure tactics and must respond stoutly to the threat in a firm,determined and courageous manner. In this connection, India’s plan to offset Trump’s tariffs,by launching its Rs 20,000 crores Export Promotion Mission for carrying out reforms by way of providing reliefs to exporters,diversify export destination, improve ease of exporting etc , is a praiseworthy decision.
India is independent in pursuing its national interests, assert strategic autonomy and for choosing trading partners to meet its energy security needs. Unarguably, importing crude oil from Russia at heavily discounted rates,is justified in the given situation. Procuring it from other countries will mean higher transportation cost leading to inflation in the country.
The US should not dictate terms as this will escalate global tension. For India, having enduring relationships with other countries,cannot be questioned ; but,not at the cost of its self prestige.
Let India walk its own path disregarding arm-twisting.
A K Saxena (Former civil servant)
Enough is enough.India should not bow to the US’s pressure tactics and must respond stoutly to the threat in a firm,determined and courageous manner. In this connection, India’s plan to offset Trump’s tariffs,by launching its Rs 20,000 crores Export Promotion Mission for carrying out reforms by way of providing reliefs to exporters,diversify export destination, improve ease of exporting etc , is a praiseworthy decision.
India is independent in pursuing its national interests, assert strategic autonomy and for choosing trading partners to meet its energy security needs. Unarguably, importing crude oil from Russia at heavily discounted rates,is justified in the given situation. Procuring it from other countries will mean higher transportation cost leading to inflation in the country.
The US should not dictate terms as this will escalate global tension. For India, having enduring relationships with other countries,cannot be questioned ; but,not at the cost of its self prestige.
Let India walk its own path disregarding arm-twisting.
A K Saxena (Former civil servant)