The Indian government opposes the U.S. additional tariffs on the grounds of being unfair and will take measures to protect national interests.

India has also spoken out about the oil import policy from Russia in the context of trade tensions with the United States.

MAIN CONTENT

  • The Indian government describes the additional tariffs imposed by the United States as unfair and unreasonable.

  • India is committed to protecting national interests against U.S. trade actions.

  • India has made a clear statement regarding oil imports from Russia.

How does the Indian government assess the additional tariffs imposed by the United States?

India believes that the additional tariffs imposed by the United States are unfair, unreasonable, and lack a reasonable basis.

This position was expressed in an official statement on August 6, emphasizing disagreement with the new U.S. tariff measures. This is a strong response aimed at protecting the economic and trade interests of the nation in the context of increasing global trade tensions.

India's stance is based on the principles of fair and transparent trade in international relations, while reflecting the effort for fair competition in the global market.

What will India do to protect national interests when faced with U.S. tariffs?

The Indian government is committed to implementing appropriate measures to protect national strategic and economic interests against the impacts of additional tariffs.

This includes coordination between relevant ministries to seek solutions for diversifying import-export markets, as well as utilizing legal and policy mechanisms to mitigate negative impacts.

Protecting national interests in this context not only helps maintain economic stability but also affirms India's position on the international stage.

What is India's stance on oil imports from Russia?

India has publicly expressed a clear stance on the oil import policy from Russia, amid sanctions and pressure from the international community aimed at influencing this trade relationship.

Maintaining or adjusting oil imports from Russia is a key factor in the national energy strategy, reflecting careful consideration between economic interests and geopolitical position.

This policy also reflects India's independence in strategic decision-making in the global energy market, avoiding dependence on external pressures.

"India will not accept unfair tariffs that negatively impact economic development and stable international cooperation."

Statement from an Indian government official, August 2023

Frequently Asked Questions

How do U.S. additional tariffs affect Indian trade?

Additional tariffs increase import costs, making it difficult for Indian businesses and reducing the competitiveness of goods in the U.S. market.

Does India have specific plans against these tariffs?

India will implement policy and legal measures to protect domestic businesses and engage in bilateral negotiations to resolve disputes.

What is the impact of oil imports from Russia on India's energy situation?

Importing oil from Russia helps stabilize supply and reduce energy costs, which is crucial for India’s sustainable economic development strategy.

Does this affect India-U.S. relations?

Tariff tensions may affect economic relations, however, the two countries still maintain dialogue and cooperation in many other areas.

Can India source energy alternatives to Russia?

India is actively diversifying its energy sources, but the transition still requires time due to current dependence on imported oil.

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