Tariffs and sanctions are now a reality in global trade, says S Jaishankar

Quick Summary:

The decision aimed to strengthen domestic industries but led to strong reactions from affected nations, with the European Union and Canada announcing countermeasures.

Jaishankar’s remarks come at a time when the US has announced new tariffs on goods from several countries, including India.

The US has recently imposed a series of tariffs on multiple countries, significantly impacting global trade.

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Category: BusinessFinance

Markets: IndiaBrazilCanadaChinaSouth KoreaMexico

Topics: White House India-US trade Karoline Leavitt Tariffs Sanctions Global diplomacy Fair trade practices Donald Trump Technology sanctions International relations Steel tariffs S Jaishankar Global trade impact Trade policies Raisina Dialogue Financial flows Economic competition European Union tariffs Energy supplies E-commerce trade policies National power US tariffs Reciprocal tariffs Tariff war De minimis exemption Economic interests Canada tariffs Weaponisation of economy Countermeasures Aluminium tariffs American tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 15:14:14 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27170810

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