The US administration has, in a way, adopted a flexible trade strategy by offering reduced tariffs to countries that pledge reciprocal benefits such as increased purchases of US goods, removal of trade barriers, or investment in American industries.
Congress leader Jairam Ramesh on Thursday slammed the government over its statement in Parliament on 25 per tariff imposed by US President Donald Trump on Indian goods, saying Commerce Minister "made a non-statement" and engaged in "totally misplaced self-congratulation".
German Ambassador to India, Philipp Ackermann, on Thursday, praised India as a "fabulous partner" and a world leader in technology, as European companies are closely watching developments in India, recognising its growing importance in the global tech landscape.
United States Treasury Secretary Scott Bessent has blamed India for "slow-rolling things" in the talks for a Free Trade Agreement and said "the whole trade team has been frustrated with them".
The government told the Parliament on Thursday that US President Donald Trump has announced a reciprocal tariff on Indian goods, and it is examining the impact of the recent events and will take all necessary steps to safeguard national interest.
"Resisting such policies is a stand for a more powerful emerging non-Western-led multilateral world order and a stronger Global South," the Embassy added.
The recently signed Free Trade Agreement (FTA) between India and the United Kingdom is expected to help India manage the impact of 25 per cent tariff announced by the United States President Donald Trump, noted Economist Dipanwita Mazumdar.
Janata Dal United MP Sanjay Kumar Jha on Thursday said that Indian government and Prime Minister Narendra Modi are capable of finding solutions to the 25 per cent tariffs announced by US President Donald Trump on country's exports.
Samajwadi Party chief Akhilesh Yadav on Thursday questioned whether news of Malegaon blast case accused being acquitted came on Thursday to suppress the news of US announcement of 25 percent tariffs on India.
"This is because of the failure of PM Modi. PM Modi's friendship with US President Trump is costing India...India is suffering because of PM Modi's wrong policies and his friendship with US President Trump. Twenty-five times, Trump has said that he stopped the war between India and Pakist
"Trump is not a conventional politician. Normal protocols of diplomacy and normal rules of intergovernmental relationships don't work. He is very unorthodox. We should just let him be as it is... We should not panic immediately. These are all opening positions in a negotiation. I hope the