Dhruva Jaishankar Discusses US Tariff Strategies and Global Dynamics

Dhruva Jaishankar discusses US tariff priorities, highlighting Canada, Mexico, China, and the EU. He notes India’s relative exemption but warns of potential impacts. Jaishankar praises the Raisina Dialogue as a constructive forum and addresses the challenges the Global South faces, emphasizing the need for institutional reform, security, and climate justice.

On March 17, 2023, Dhruva Jaishankar, Executive Director of the Observer Research Foundation, addressed tariffs imposed by the United States under President Donald Trump. He identified the primary targets of such tariffs as Canada, Mexico, China, and the European Union, noting that India has so far been somewhat exempt from these measures. Jaishankar indicated that recent discussions took place between India’s Union Minister of Commerce and the US Trade Representative, expressing optimism for an interim agreement prior to April 2.

Jaishankar further elaborated that a significant announcement was made on the same day that Prime Minister Modi met President Trump, concerning global reciprocal tariffs. He emphasized that India’s higher tariffs compared to the US could lead to economic repercussions for India and other nations such as Malaysia and Brazil. He expressed hope for progressing to a long-term agreement by September or October, which could stabilize bilateral relations and help avoid retaliatory tariffs.

During the interview, Jaishankar characterized the ongoing Raisina Dialogue as an essential global forum, stating it has expanded to over 100 sessions and attracted 4,000 delegates, contributing to a positive and constructive atmosphere contrasted with other international conferences. He highlighted key themes under discussion, such as connectivity, trade, and geopolitical shifts, particularly regarding the Russia-Ukraine conflict.

Addressing the Russia-Ukraine conflict, Jaishankar confirmed that Ukraine had agreed to terms for a ceasefire, now awaiting Russia’s response. He noted that upcoming conversations between Trump and Putin could clarify the situation. Jaishankar remarked on India’s willingness to act as an intermediary in the conflict resolution process, although Saudi Arabia has taken a prominent role so far.

Jaishankar pointed to several challenges facing the Global South, which he believes are also significant to India. He cited the need for institutional reform in global governance, concerns around health, energy, and food security following the COVID-19 pandemic and the Ukraine crisis, and the pressing issue of climate justice—demonstrating a need for greater consideration of the Global South’s priorities. He expressed uncertainty on whether the reduced US engagement would create opportunities or challenges for these countries moving forward.

In summary, Dhruva Jaishankar’s insights reveal the complexities surrounding US tariffs, the potential impacts on India and other nations, and ongoing diplomatic dialogues. The Raisina Dialogue serves as a vital platform for addressing global issues, while the evolving tensions in the Russia-Ukraine conflict continue to warrant attention. Furthermore, Jaishankar emphasizes the importance of addressing the challenges faced by the Global South in a rapidly changing geopolitical landscape.

Original Source: www.business-standard.com