In a crucial intervention in the Rajya Sabha, Commerce Secretary Sunil Barthwal provided a detailed explanation about India’s trade policy and the ongoing negotiations with the United States regarding tariffs. Barthwal was responding to the latest claims made by President Donald Trump, who had suggested that India had agreed to lower its tariffs on American goods as part of trade negotiations.
Barthwal categorically rejected these claims, stating that no agreement had been reached on tariff reductions. He explained that trade talks between India and the U.S. are still in progress, with both sides yet to finalize any specific terms on tariffs. “The trade talks are aimed at reaching a mutually beneficial agreement, and any reduction in tariffs would require careful consideration of both countries’ economic interests,” he said.
India’s trade policy, Barthwal emphasized, is designed to protect domestic industries, especially those that are vital for economic growth and employment. The government’s position is that while India is open to discussions about tariff reductions, any such decision would need to be based on reciprocity and would not be taken unilaterally.
The clarification in the Rajya Sabha came after President Trump’s comments, which many lawmakers viewed as an attempt to undermine India’s sovereignty over its trade policies. Trump had suggested that India’s tariffs were too high and that India was ready to make substantial concessions. However, Barthwal assured Parliament that the Indian government was committed to safeguarding national interests, including the protection of domestic markets.
Barthwal also highlighted the broader context of the U.S.-India trade relationship, noting that while both countries have different economic interests, the government would strive for a balanced agreement that would enhance bilateral trade without harming India’s industries. The Centre emphasized that India’s trade policy is not designed to create barriers but to ensure fair competition and sustainable growth.
While the U.S. has called for tariff reductions as part of a larger trade deal, Barthwal underscored that India would not be rushed into making decisions. He reassured the Rajya Sabha that India would negotiate from a position of strength and would not compromise on policies that could harm its domestic economy.
The government’s clear position in the Rajya Sabha served as an important reminder that trade negotiations are complex and should be pursued with careful consideration of all factors involved.
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