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Business Standard
3 days ago
- Business
- Business Standard
Jaishankar calls for a 'global fair order' amid Trump's tariff pressure
External Affairs Minister S Jaishankar on Monday called for a fair and representative global order, saying it should not be dominated by a few. His remarks came while speaking at the Bimstec Traditional Music Festival titled SaptaSur: Seven Nations, One Melody, held in New Delhi. 'We live in complicated and uncertain times. Our collective desire is to see a fair and representative global order, not one dominated by a few. That quest is often articulated as political or economic rebalancing,' Jaishankar said. He added that traditions define identity and that 'we must be assured about what we are if we want to be confident about shaping the future'. India-US tensions escalate over tariffs and Russia trade Jaishankar's comments come against the backdrop of renewed pressure from the United States, with President Donald Trump imposing a 25 per cent tariff on goods imported from India and announcing penalties for countries trading with Russia amid the ongoing Ukraine conflict. On August 1, Trump posted on Truth Social: 'They have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China… INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST (sic).' The move follows earlier back-and-forth statements from Trump over India's trade status. On April 2, he had imposed a 26 per cent tariff on Indian goods but later paused it for 90 days to allow room for bilateral negotiations. During this pause, he had claimed that a deal with India was 'coming along great'. However, the reimposition of tariffs on August 1 has dampened New Delhi's hopes of receiving preferential terms. In another post, Trump doubled down: 'I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the world.' India responds to US criticism of Russia oil imports The Ministry of External Affairs issued a sharp rebuttal, calling Trump's statements 'unjustified and unreasonable'. The MEA defended India's oil imports from Russia, saying they were driven by national necessity and were far smaller in scale compared to the West's energy purchases. 'India has been targeted by the United States and the European Union for importing oil from Russia after the commencement of the Ukraine conflict. In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict,' the MEA said in a statement issued Monday
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First Post
3 days ago
- Business
- First Post
As Trump tries to dictate terms, Jaishankar says global order can't be 'dominated by a few'
As India has hit back at Donald Trump's latest tariff threats and warnings, EAM Jaishankar calls for a 'fair global order' which can not be 'dominated by a few.' read more Amid Donald Trump's renewed tariff threats targeting India's trade and defence links with Russia, New Delhi has pushed back, calling for a more balanced and inclusive global order—one not dictated by a few dominant powers. Speaking at the BIMSTEC Traditional Music Festival in New Delhi on Monday, External Affairs Minister Dr S Jaishankar said, 'We live in complicated and uncertain times. Our collective desire is to see a fair and representative global order, not one dominated by a few.' STORY CONTINUES BELOW THIS AD His remarks came shortly after Trump announced a new round of tariffs on Indian goods, accusing New Delhi of re-exporting discounted Russian oil for profit. 'India is buying massive amounts of Russian oil and selling it on the open market for big profits,' the former US president claimed, describing the levies as a 'penalty' for India's continued energy and defence engagement with Moscow. #WATCH | Delhi: At the BIMSTEC Traditional Music Festival, "SaptaSur: Seven Nations, One Melody", EAM Dr S Jaishankar says, "We live in complicated and uncertain times. Our collective desire is to see a fair and representative global order, not one dominated by a few. That quest… — ANI (@ANI) August 4, 2025 India promptly dismissed the move as 'unjustified and unreasonable.' In a statement, the Ministry of External Affairs clarified that its crude oil imports from Russia were dictated by economic necessity and global market volatility—not political allegiance. New Delhi also called out what it described as Western double standards, noting that the US continues to import uranium compounds from Russia for its nuclear industry. 'India will take all necessary measures to safeguard its national interests and economic security,' the MEA added.
Economic Times
3 days ago
- Politics
- Economic Times
'Not one dominated by a few': Jaishankar's strong message on India-Russia oil trade amid US pressure
External affairs minister S Jaishankar on Monday reiterated the need for a fair and multipolar global order, stating, 'Our collective desire is to see a fair and representative global order, not one dominated by a few.' His remarks come amid global trade tensions, including US tariff threats and pressure on India's oil trade with Russia. Speaking at the BIMSTEC Traditional Music Festival in Delhi titled SaptaSur: Seven Nations, One Melody, Jaishankar linked cultural traditions to the broader vision of global balance. 'We live in complicated and uncertain times. Our collective desire is to see a fair and representative global order, not one dominated by a few. That quest is often articulated as political or economic rebalancing,' he said. Show more 05:28 08:40 04:25 02:11 07:43 07:11 02:35 11:17 05:30 02:01 01:23 11:06 03:23 07:30 09:41 04:24 12:41 05:05 10:13 07:04 12:12 04:17 08:01 08:24 09:18 01:39 01:14:54 28:24 34:32 05:44
Time of India
3 days ago
- Politics
- Time of India
'Not one dominated by a few': Jaishankar's strong message on India-Russia oil trade amid US Pressure
External affairs minister S Jaishankar on Monday reiterated the need for a fair and multipolar global order, stating, 'Our collective desire is to see a fair and representative global order, not one dominated by a few.' His remarks come amid global trade tensions, including US tariff threats and pressure on India's oil trade with Russia. Speaking at the BIMSTEC Traditional Music Festival in Delhi titled SaptaSur: Seven Nations, One Melody, Jaishankar linked cultural traditions to the broader vision of global balance. 'We live in complicated and uncertain times. Our collective desire is to see a fair and representative global order, not one dominated by a few. That quest is often articulated as political or economic rebalancing,' he said. Show more Show less
Time of India
4 days ago
- Politics
- Time of India
'Not one dominated by a few': EAM Jaishankar on 'new world order'; big message amid US tariff concerns, Russia oil pressure
NEW DELHI: External affairs minister S Jaishankar on Monday reiterated the need for a fair and multipolar global order, stating, 'Our collective desire is to see a fair and representative global order, not one dominated by a few. ' His remarks come amid global trade tensions, including US tariff threats and pressure on India's oil trade with Russia. Speaking at the BIMSTEC Traditional Music Festival in Delhi titled SaptaSur: Seven Nations, One Melody, Jaishankar linked cultural traditions to the broader vision of global balance. 'We live in complicated and uncertain times. Our collective desire is to see a fair and representative global order, not one dominated by a few. That quest is often articulated as political or economic rebalancing,' he said. Jaishankar noted that cultural traditions play a role in strengthening identity and guiding national direction. 'Traditions are of particular value because ultimately they define identity. We must be assured about what we are if we want to be confident about shaping the future. For nations like us, traditions are truly a great source of strength,' he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After 35 Years, Her Jewelry Is Nearly Gone The Heritage Journal Read More Undo Referring to Prime Minister Narendra Modi's earlier commitments, Jaishankar said, 'I also want to underline what Director General of ICCR has said, that this was a commitment which was made by Prime Minister Modi at the BIMSTEC Summit and I am so glad that like so many of his commitments, that has been kept and kept early.' He also reflected on his personal journey and how cultural exposure shaped his outlook. 'In my own case, it was actually through music and to some extent books that I developed an interest in the world. There is so much that music is able to convey that it is understandably regarded as the soul of a society,' he said. 'Music serves both as a bridge between nations and a powerful expression of their heritage and identity,' he concluded. Jaishankar's remarks come as India faces economic and diplomatic challenges, including concerns over possible US tariffs and warnings related to India's ongoing oil trade with Russia. While the minister did not refer directly to these developments, his emphasis on sovereignty, tradition, and multipolarity echoed India's current diplomatic positioning.
