Priyanka Tiwari
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Minister of State for Finance, Pankaj Chaudhary, emphasized on April 3 that while US President Donald Trump promotes an “America First” policy, Prime Minister Narendra Modi’s approach remains firmly rooted in “India First.” This comment came as the government evaluates the impact of the US’s newly announced 26% reciprocal tariffs on Indian exports.
India Assessing Impact of 26% Tariffs on Exports
Chaudhary confirmed that the Indian government is actively reviewing the implications of the new import duties on Indian goods entering the US market. Despite the challenge, analysts note that India's tariff treatment remains more favorable compared to competitor nations like Vietnam and China, who face even steeper levies under the new US trade regime.
Trump Criticizes India’s Tariffs During 'Liberation Day' Announcement
During his speech at the White House marking "Liberation Day," Trump remarked, “India, very, very tough. Very, very tough. The Prime Minister just left. He's a great friend of mine, but I said, ‘You're a friend of mine, but you’re not treating us right.’ They charge us 52 percent.”
Trump's comments referenced Prime Minister Narendra Modi’s visit to Washington in February 2025, soon after Trump was sworn in for his second term.
Diplomatic and Trade Negotiations Expected
As India reviews its trade position, further diplomatic engagement is anticipated to ensure fair trade terms. Both countries are expected to continue discussions, with India aiming to protect its export competitiveness while managing trade tensions.
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