Centre points BIG assertion after Donald Trump’s 25% tariff on India: ‘We are going to take…’

Donald Trump with PM Modi.

Union Commerce Minister Piyush Goyal on Thursday stated the central authorities is learning the implications of the US’ transfer to impose a 25 p.c tariff on India’s exports. Goyal added the Centre will take all obligatory steps to guard India’s nationwide curiosity. Talking within the Lok Sabha on Thursday, Goyal highlighted that India has transitioned from being labeled a “fragile” financial system to approaching observe to turning into the third-largest financial system of the world — an obvious response to Trump calling India a “useless financial system.”

What did Piyush Goyal say?

Trump on Wednesday introduced a 25 p.c tariff on all Indian items getting into the US, together with an unspecified penalty for the nation shopping for power from Russia. Talking within the Parliament on Thursday, Goyal knowledgeable that India and the US began negotiations on a bilateral commerce settlement this March with the purpose of finalising the primary part by November 2025. The primary bodily assembly was held in New Delhi in March, adopted by 4 extra conferences within the Indian capital and Washington DC. A number of digital conferences have additionally been held, he stated.

What’s govt doing about tariffs?

Goyal stated: “The implications of the current developments are being examined by the federal government. The Ministry of Commerce and Trade is engaged with all stakeholders, together with exporters and trade for taking suggestions on their evaluation of the state of affairs.” The minister added, “The federal government attaches the utmost significance to defending and selling the welfare of our farmers, employees, entrepreneurs, exporters, MSMEs and all sections of trade. We are going to take all obligatory steps to safe and advance our nationwide curiosity.”