Dhruva Jaishankar highlighted President Trump’s tariff priorities on Canada, Mexico, China, and the European Union, indicating that India might be affected by global reciprocal taxes. He expressed optimism for upcoming trade negotiations between India and the US. Jaishankar also discussed the Raisina Dialogue’s positive tone, the situation in Ukraine, and the challenges confronting the Global South, particularly regarding institutional reform and food security.
Dhruva Jaishankar, Executive Director at the Observer Research Foundation, indicated that President Trump has prioritized Canada, Mexico, China, and the European Union regarding tariffs, while India has been relatively exempt. He mentioned that India could face significant impacts due to impending global reciprocal taxes introduced by the US. Jaishankar expressed optimism over potential trade negotiations and interim agreements before April 2nd, which may help stabilize India-US relations.
Jaishankar noted that the US’s higher tariffs pose challenges for India and its economy. He believes proactive discussions are underway due to India’s Commerce Minister having engaged with the US Trade Representative recently. He emphasized the importance of both nations cooperating to avert potential retaliatory measures that could exacerbate tensions.
During the Raisina Dialogue held in Delhi from March 17-19, Jaishankar referred to the event as a significant global forum characterized by a constructive tone, contrasting it with other international conferences like the Munich Security Conference. He highlighted the involvement of 4,000 delegates from over 100 countries, focusing on various pressing issues such as connectivity, trade, and geopolitical shifts, especially concerning the Ukraine crisis.
On the Russia-Ukraine conflict, Jaishankar shared that Ukraine has agreed to ceasefire terms, and the forthcoming dialogue between President Trump and President Putin could be pivotal. He remarked that the primary consideration may be the parameters surrounding Ukraine’s status rather than territorial issues, noting the expected lower US involvement and the critical role of European support in the peace process.
Jaishankar suggested India’s willingness to assist in mediating the Russia-Ukraine dialogue, although he noted that Saudi Arabia has recently emerged as the preferred intermediary. He acknowledged India’s openness to facilitate communication if both sides agree to it, stressing the importance of clear responses from Russia regarding the proposed ceasefire.
In discussing the challenges facing the Global South, Jaishankar identified three key issues: institutional reform, health, energy, and food security, which have become prominent due to the pandemic and geopolitical conflicts, and climate justice. He critiqued the US’s diminished participation in addressing these concerns and highlighted the common agenda shared by many Global South nations that aligns with India’s interests.
In summary, Dhruva Jaishankar underscored the complexities of US trade policy under President Trump, particularly its implications for India. He emphasized the constructive atmosphere at the Raisina Dialogue, the potential for mediation in the Russia-Ukraine conflict, and the critical issues facing the Global South. Ongoing negotiations and cooperation between nations are essential to maintain stability and address global challenges effectively.
Original Source: www.business-standard.com
