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Sophia Klein
Swadeshi Jagran Manch Evaluates India’s Trade Strategy Amid US Tariff Challenges
The Swadeshi Jagran Manch conducted a roundtable focusing on India’s trade strategy amidst US tariffs. Discussing key challenges, the meeting underscored the importance of protecting India’s agricultural interests and commitment to policies like ‘Aatmanirbhar Bharat.’ Participants expressed hope in managing US trade relations effectively.
A roundtable discussion entitled “Indo-US ties: Changing global order in the Trump era” was convened by the Swadeshi Jagran Manch (SJM), led by Ashwani Mahajan, to address the implications of tariffs imposed by the Trump administration on trade relations with the United States. Esteemed economists and trade specialists gathered to deliberate on strategies to mitigate the challenges presented by these tariffs, emphasizing a ‘Nation First’ approach. Mahajan noted that the conversation was enriching and aimed at effective responses to tariff disruptions.
The discussions revealed a positive reception towards India’s efforts to safeguard its agricultural sector amid ongoing negotiations with the United States. Attendees recognized the challenges arising from the escalating China-US trade war and the potential opportunities for India should US-China negotiations prove unsuccessful. Maintaining commitment to the “Aatmanirbhar Bharat” policy was advocated as a means to navigate these challenges effectively.
The meeting’s participants included not only Mahajan and notable figures such as Meenakshi Lekhi and Montek Singh Ahluwalia, but also several trade experts and former officials. The hybrid format of the discussion allowed for widespread participation, fostering an environment of hopefulness regarding the management of the complexities surrounding “Trump’s Tariff Tantrums,” as expressed by author Sanjaya Baru.
Experts affirmed that it is essential for the Indian government to protect its agriculture sector, drawing on prior successes in keeping this sector insulated from the Australia-India Economic Cooperation and Trade Agreement and its withdrawal from the Regional Comprehensive Economic Partnership. The roundtable aimed at providing a comprehensive overview of the internal and external challenges of trade and the necessary strategies to safeguard national interests, particularly those of farmers and small businesses, during negotiations with the US.
The Swadeshi Jagran Manch’s recent roundtable highlighted critical discussions surrounding the impact of US tariffs on India’s trade. The emphasis on safeguarding the agricultural sector reflects a growing commitment to national interests against external pressures. The insights provided a strategic framework for India’s trade negotiations, supporting policies that prioritize bilateral agreements over multilateral ones as the country navigates an evolving global trade landscape under the Trump administration.
Original Source: www.business-standard.com
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