India reacts to Trump's 25% tariff: Will strongly defend national interest
"The Government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs. The Government will take all steps necessary to secure our national interest, as has been the case with other trade agreements including the latest Comprehensive Economic and Trade Agreement with the UK," the statement further read.The newly announced duties target several of India's top-performing export sectors. Automobiles, auto components, steel, aluminum, smartphones, solar modules, marine products, gems, jewellery, and select processed food and agricultural items are all on the 25% list. Pharmaceuticals, semiconductors, and critical minerals, however, have been excluded.Meanwhile, economists see a new opportunity on the horizon for India to forge deeper economic ties with other countries, explore new markets, and simultaneously look inward—driving reforms as global supply chains are recalibrated amid changing geopolitics driven by Trump's aggressive trade policies.- Ends
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