Trump Tariffs Not Linked To Russian Oil, But A Wake-Up Call For India: Amitabh Kant | Economy News


Last Updated:

Former NITI Aayog CEO Amitabh Kant on Wednesday said Trump’s 50% tariffs on Indian exports are unrelated to India’s Russian oil purchases.

Click to add News18 as a preferred source on Google
font
Amitabh Kant (Photo Credit: X)

Amitabh Kant (Photo Credit: X)

Former NITI Aayog CEO Amitabh Kant on Wednesday dismissed suggestions that US President Donald Trump’s 50% tariffs on Indian exports are linked to India’s purchase of Russian oil.

Calling the move “an irony,” Kant noted that while the U.S. continues negotiations with both Russia and China—China being the largest buyer of Russian crude—it has chosen to impose steep levies on India. “Let us be clear, this is not about Russian oil. Trump’s tariffs must be a wake-up call for India,” he wrote on X.

Kant stressed that India’s energy security and strategic autonomy should not be compromised under external pressure. “India has, on numerous occasions, refused to yield to global pressure. This moment should be no different,” he said.

Looking ahead, Kant argued that the current trade headwinds should serve as a catalyst for deep structural reforms. “Rather than intimidate us, these global headwinds must galvanise India into bold, once-in-a-generation reforms, while also diversifying our export markets to secure long-term growth and resilience,” he urged.

authorimg

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

News business » economy Trump Tariffs Not Linked To Russian Oil, But A Wake-Up Call For India: Amitabh Kant
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *