Latest news with #AnilTrigunayat
Times of Oman
4 days ago
- Business
- Times of Oman
Trump driven by certain kind of personal antagonism: Former diplomat on additional 25% US tariff on India
New Delhi: On US President Donald Trump's decision to impose an additional 25 per cent tariff on India over its purchases of Russian oil, former diplomat Anil Trigunayat on Wednesday called the move "irrational" and driven by "personal antagonism." "I think he (Trump) is continuing on this irrational path. This is driven by a certain kind of personal antagonism, more than any reasonable negotiation, discussion or policy," Trigunayat told ANI. He said Washington had limited leverage over Moscow due to low trade volumes and was instead targeting countries trading with Russia. "They can do very little to Russia. They do not have much leverage over them because they don't have much trade. So they've been trying to put the countries that are doing trade with Russia in a much higher bracket of tariffs," he noted. Calling the step "irrational," Trigunayat pointed out that talks between the US and India had nearly concluded last month. "The negotiations that were almost completed on 6th of July and both sides had arrived at some kind of formula and but that was not accepted by President Trump himself. So he asked them to go back to the board," he said. The former diplomat stressed that such unilateral action undermines ongoing discussions. "Now, once you are asking your team to go back to the drawing board, you must logically do not take the unilateral path of once again imposing sanctions. And then you just go ahead and talk about the 25 per cent additional duties, which he had been threatening, and India was expecting it," he added. Earlier, terming the United States' move to impose additional tariffs on India over its oil imports from Russia as "unfair, unjustified and unreasonable," the Ministry of External Affairs (MEA) on Wednesday declared that New Delhi will take "all actions necessary to protect its national interests." In an official statement, the MEA said, "The United States has in recent days targeted India's oil imports from Russia. We have already made clear our position on these issues, including the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India." "It is therefore extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest," the statement added. "We reiterate that these actions are unfair, unjustified and unreasonable. India will take all actions necessary to protect its national interests," the MEA stressed. According to the order issued by the White House, Trump cited matters of national security and foreign policy concerns, as well as other relevant trade laws, for the increase, claiming that India's imports of Russian oil, directly or indirectly, pose an "unusual and extraordinary threat" to the United States. After the order, the total tariff on Indian goods will be 50 per cent. While the initial duty becomes effective on August 7, the additional levy will come into effect after 21 days and will be imposed on all Indian goods imported into the US, except for goods already in transit or those meeting specific exemptions. "Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 per cent," the order stated. "This rate of duty shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time 21 days after the date of this order, except for goods that (1) were loaded onto a vessel at the port of loading and in transit on the final mode of transit prior to entry into the United States before 12:01 a.m. eastern daylight time 21 days after the date of this order," the order added.
NDTV
5 days ago
- Business
- NDTV
Trump India Tariffs 2025 Live Updates: Trump Imposes Additional 25% Tariff On India, Total Goes Up To 50%
US Trade Tariffs Live News Updates: US President Donald Trump today announced 25 per more tariffs on India as "punishment" for buying oil from Russia, taking the total tariffs to 50 per cent. Trump signed an Executive Order imposing additional 25 per cent tariff on Indian imports. According to the order, Trump cited matters of national security, foreign policy concerns, trade laws for the increase, adding that India's imports of Russian oil pose an "unusual and extraordinary threat" to the United States. Here are the Live Updates of Donald Trump's Tariffs On India 2025: Aug 06, 2025 20:39 (IST) Trump India tariffs 2025 Live News: "Not Going To Just Give In To These Kinds Of Arm-Twisting Tactics" - Former Diplomat, Anil Trigunayat #WATCH | Delhi: On US President Trump imposing an additional 25% tariff on India over Russian oil purchases, Former diplomat, Anil Trigunayat says, "If you say that India should not buy oil from Russia, can you provide oil at the same price as Russia is doing to us? Should we not… — ANI (@ANI) August 6, 2025 Aug 06, 2025 20:37 (IST) Trump India tariffs 2025 Live: "Our National Interest More Important": Former Diplomat, Anil Trigunayat On US President Trump imposing an additional 25% tariff on India over Russian oil purchases, Former diplomat, Anil Trigunayat says, "If you say that India should not buy oil from Russia, can you provide oil at the same price as Russia is doing to us? Should we not look after our own interests? Our national interest is more important. We are not going to just give in to these kinds of arm-twisting tactics, whether by President Trump or anybody else." (ANI) Aug 06, 2025 20:30 (IST) Trump India Tariffs 2025 Live Updates: Many Indian Exports Will Face A Handicap Versus Countries That Are In The 15-30% Bucket The additional tariffs mean India will face the highest levy along with Brazil, putting it at a significant disadvantage against regional competitors such as Vietnam and Bangladesh. The additional tariffs will come into effect after 21 days but it will be on top of earlier 25% so the total 50% rate will be a big negative for Indian exports. However some key segments like electronics and pharma continue to be exempt from this additional rate. (Reuters) Aug 06, 2025 20:15 (IST) US Tariffs On India LIVE: Donald Trump Announced An Extra 25 Per Cent Tariff On India The 50 per cent tariff hit comes hours after angry comments about India-US trade relations. "India has not been a good trading partner... we settled on 25 percent... but I think I'm going to raise that substantially over the next 24 hours because they're buying Russian oil," he told a US broadcaster on Tuesday. US Tariffs On India LIVE: US Considers India's Oil Imports From Russia A "Threat To National Security And Foreign Policy" The order states that India is directly or indirectly importing oil from Russia, which the US considers a threat to its national security and foreign policy. "Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 per cent," the order reads. The new tariffs will be applied to all eligible Indian goods entering the US from 21 days after the order's signing, except for shipments already in transit before the deadline and cleared before September 17. (IANS) Trump Raises Tariffs To 50%: What It Means For India US President Donald Trump today announced an additional 25 per cent tariff on goods coming from India as penalty for what he called New Delhi's continued buying of Russian oil. US Tariffs On India LIVE: Trump Slaps Additional 25 Per Cent Tariff On Indian Imports Over Russian Oil Purchases US President Donald Trump signed an Executive Order on Wednesday imposing an additional 25 per cent tariff on imports from India in response to New Delhi's purchase of Russian oil. According to the order issued by the White House, Trump cited matters of national security and foreign policy concerns, as well as other relevant trade laws, for the increase, claiming that India's imports of Russian oil, directly or indirectly, pose an "unusual and extraordinary threat" to the United States. (ANI)
Indian Express
7 days ago
- Business
- Indian Express
EU's carbon tax is unlikely to fix global warming. It will make global cooperation on climate change impossible
Written by Anil Trigunayat and Kaviraj Singh In a sharply worded and coordinated diplomatic pushback, the BRICS nations — Brazil, Russia, India, China and South Africa — have united to condemn the European Union's Carbon Border Adjustment Mechanism (CBAM). What the EU projects as an instrument of green accountability is interpreted by emerging economies as a decisive trade barrier — yet another effort to discriminate against developing countries. As climate diplomacy enters this new battleground, the carbon tax is quickly becoming a lightning rod for contesting developmental equity, green imperialism and global trade fairness. At its core, CBAM is a tariff on carbon-intensive imports into the European Union. As per the proposed directive, from 2026, non-EU producers of goods like steel, cement, aluminium, fertilisers, and electricity will have to pay for the emissions embedded in their exports, mirroring what EU companies already pay under the bloc's Emissions Trading System (ETS). The price of these certificates will reflect the weekly average auction price of EU ETS allowances, which has fluctuated between 60 and 90 euros per tonne of carbon dioxide in recent years. While the mechanism ostensibly aims to prevent 'carbon leakage', that is, the relocation of polluting industries to countries with lax climate rules, it effectively acts as a trade policy dressed in green robes. The BRICS nations, representing 41 per cent of the global population and nearly 40 per cent of the global economy (measured by Purchasing Power Parity, PPP), have responded with sharp criticism. They argue that CBAM unilaterally shifts the burden of decarbonisation onto developing economies, bypassing principles of equity, common but differentiated responsibilities (CBDR), and respective capabilities that underpin the Paris Agreement. These countries, already grappling with poverty, infrastructure gaps, and late-stage industrialisation, face the risk of being priced out of global markets under the guise of climate compliance. India, in particular, stands to lose significantly. According to a report by Grant Thornton Bharat, Indian steel exporters could face cumulative losses of over $551 million by 2034 due to CBAM. India exported over $3 billion worth of steel to the EU in FY2022-23, accounting for roughly 23.5 per cent of its steel exports. Aluminium and cement sectors are also vulnerable. For instance, India's aluminium industry emits roughly 20 tonnes of carbon dioxide per tonne of primary aluminium, compared to the EU average of 6.5–7 tonnes, leading to a price disadvantage under CBAM. Union minister Piyush Goyal has already stated that India 'will retaliate' under World Trade Organisation frameworks if its industry is unfairly targeted. The recent BRICS environment ministers' meet reinforced this discontent. Countries accused the EU of weaponising environmental standards to stymie industrial growth in the Global South, amounting to a form of 'carbon colonialism'. External Affairs Minister S Jaishankar, too, termed CBAM 'unacceptable', describing it as a coercive tool rather than a cooperative measure. At the heart of the pushback is a growing recognition that global climate action cannot be built on the ruins of developing economies' growth ambitions. BRICS countries argue that they were not the historical emitters of greenhouse gases — the West industrialised for over two centuries on the back of carbon-heavy growth. Now, when nations like India and Brazil attempt to expand their manufacturing base or energy production, they are penalised for doing so in a carbon-intensive manner, even as their per capita emissions remain a fraction of Western levels. Moreover, CBAM does not consider whether countries have carbon pricing mechanisms of their own. India, for instance, has implemented the Perform, Achieve and Trade (PAT) scheme, Renewable Energy Certificates (RECs), and various state-level carbon initiatives. These domestic efforts are not factored into CBAM's framework. Instead, a flat levy is imposed, undermining indigenous climate policy instruments and incentivising compliance with EU regulations rather than encouraging sovereign pathways to sustainability. India now faces a dual challenge. On the one hand, it must shield its exporters and protect its economic sovereignty. On the other, it must accelerate its green transition without allowing external pressure to dictate the pace or path. The government is reportedly considering countermeasures, from seeking redress at the WTO to exploring tit-for-tat tariffs on European imports. At the same time, India could turn this moment into an opportunity. By investing in low-carbon production processes such as green hydrogen in steelmaking, or waste heat recovery in cement, Indian exporters can gradually future-proof their industries. A 2024 CEEW study estimates that green hydrogen adoption in steel manufacturing could reduce carbon dioxide emissions by 60–70 per cent by 2040, making Indian steel CBAM-compliant in the long run. But these transformations require time, money, and technology transfers, not punitive taxation. What is urgently needed is a just transition architecture at the global level, one that blends climate ambition with financial and technological support for developing countries. Without this, measures like CBAM risk fracturing global climate cooperation. The Global North cannot preach emissions reduction while simultaneously blocking the Global South's access to global markets through climate tariffs. Indeed, the choice is not between climate action and development. It is about climate justice, where those with greater responsibility and capability shoulder a commensurate burden. CBAM, in its current form, violates that basic principle. The battle over CBAM is emblematic of a deeper faultline in the international order between those who have historically polluted and now seek to police, and those who are still climbing the development ladder but are being taxed for every rung. It revives the old North-South divide under a new guise. Europe may have crafted CBAM as a climate strategy, but if it wishes to play a credible leadership role in the green transition, it must also listen to voices from the Global South. Without inclusion, consultation, and equity, CBAM will not accelerate climate goals, it will merely fracture trust. For India and other BRICS nations, this is not just about trade or emissions; it is about sovereignty, justice, and the right to grow on their own terms. The carbon border tax, in its current form, is not a solution. It is a symptom of a world still unwilling to reconcile ambition with fairness. And until that changes, resistance will remain as firm as forged steel. India needs to work with the US and BRICS to build suitable negotiating leverage against such unilateral and unfair trade measures imposed by the EU. Trigunayat is a retired IFS Officer and a former ambassador. Singh is CEO and director, Earthood
Time of India
23-06-2025
- Politics
- Time of India
'Global Disorder': Ex-Diplomats Warn On US Strikes' Fallout For India & World
/ Jun 23, 2025, 10:15PM IST Former Indian diplomats have weighed in on the Iran-Israel conflict's impact on global and regional stability. Ex-Foreign Secretary Shyam Saran highlights a shift from global order to growing disorder, stressing the breakdown of diplomatic norms and rising violence. Former diplomat Anil Trigunayat criticises the U.S. for destabilizing the Middle East warning this could harm India and the world. Veena Sikri, another former diplomat, finds hope in America's statement against regime change and praises Prime Minister Modi's advice to Iran's president to prioritise de-escalation, dialogue, and diplomacy to resolve the crisis peacefully.#iranisraelconflict #middleeastcrisis #globalinstability #indianforeignpolicy #shyam saran #anitrigunayat #veenasikri #pmmodi #deescalation #diplomacy #dialogue #usforeignpolicy #geopolitics #indiandiplomacy #regionalpeace #worldorder #iran #israel #internationalrelations #crisisresolution #toi #toibharat
Times of Oman
07-06-2025
- Politics
- Times of Oman
"India's voice counts there," former diplomat on PM Modi being invited to G7 summit
Gurugram: As Prime Minister Narendra Modi is set to attend the G7 summit to be held later this month in Canada, former diplomat Anil Trigunayat highlighted significance of the visit, as Prime Minister Narendra Modi will talk with top leaders in the summit, especially after the hostilities by Pakistan post Operation Sindoor. Trigunayat said that as India looks to play a bigger role on the world stage and act as a "bridge builder" East and West, the country has also emerged as a "sane voice" in international discourse. "PM Modi has been consistently invited and has attended the G7 Summit, especially as India seeks to play a bigger role as a bridge builder between the East and West. We have seen the role PM Narendra Modi played in the Russia-Ukraine crisis and other crises. India has also emerged as a sane voice in the international discourse," he said in a self-made video. Underlining the importance of the summit, he added, "G7 is a significant grouping, and India's voice counts there, especially in situations like this, where we have just come out of a limited war against Pakistan. PM Modi will be able to speak to all top G7 leaders." Commenting on the relationship between India and Canada, he said that while earlier it was on a downturn due to former Canadian PM Justin Trudeau. However, he added that the current Canadian Prime Minister, Mark Carney, who was sworn in just two months ago, has understood that terrorism cannot be condoned. "Our relationship with Canada took a downturn because of the previous Canadian government, particularly the Prime Minister, who made it his mission to align Canada with terrorist and extremist countries and groups. Fortunately, the new Prime Minister and dispensation understand that terrorism cannot be condoned under any circumstances," he said. India-Canada relations had been strained under the leadership of Trudeau following allegations regarding the killing of NIA-designated terrorist Hardeep Nijjar. However, Carney has publicly called for improving ties with India. Earlier on Saturday, Chandra Arya, the CEO of the Canada India Public Affairs Council said that he would be happy to welcome PM Modi to Canada for the summit. "It would be my pleasure to welcome Narendra Modi to Canada for the G7 meeting during June 15-17. When I met Narendra Modi last July, I emphasised that Canada and India are united by shared values--democracy, pluralism, and a rules-based international order," he said. A Canadian lawmaker, Dallas Brodie highlighted how the invitation to the summit was a "fantastic development." In an interview with ANI, Dallas Brodie, a Canadian lawyer and MLA for Vancouver-Quilchena in British Columbia, also expressed concern at the Khalistani extremism, saying it is "a significant problem" and most Hindus and Sikhs are not happy with the situation. In a veiled reference to the previous government in Canada led by Justin Trudeau, Dallas Brodie said that ties between India and Canada had seen a downslide and PM Mark Carney reaching out to India signals that "they want to fix this dynamic" and "is a very positive development". The G7 summit will be held in Kananaskis, Canada from June 15-17. PM Modi received a call from Mark J Carney, inviting him to attend the upcoming summit.
