Saturday, September 6, 2025
27.1 C
New Delhi

‘Economic Volatility Exceeded Expectations’: Jaishankar Amid Trump Tariffs; Says ‘Dignity, Self-Image’ At Stake

External Affairs Minister S Jaishankar on Thursday warned that the world is experiencing an “extraordinary period of change” where both political and economic instability are reshaping global dynamics.

Speaking at the inauguration of the SAMHiTA Conference on South Asia’s Manuscript Traditions & Mathematical Contributions in Delhi, he cautioned, “The political complexities are difficult enough but its economic volatility has exceeded expectations. The best response to this era is to intensify nation building, reinforce national identity and without compromise pursue national interests”, news agency ANI reported.

He added that what was at stake extended far beyond economics, stressing, “Beyond the obvious, what is at stake are the dignity and self-image of a people, their freedom to exercise choices and their ability to withstand pressure.”

In a subsequent post on X, Jaishankar underlined the need for greater self-reliance, noting, “Highlighted that as we intensify the process of engagement with the world, there is today a really compelling argument for greater ‘Atmanirbharta’, which is also built on the foundation of national self-confidence. And intellectual leadership is particularly critical to that endeavour. Who we were, and what we are, will decide who we will become.”

Trump Defends ‘Sanctions’ On India Over Russian Oil

Jaishankar’s remarks come after US President Donald Trump stated that his administration had imposed secondary sanctions on India for purchasing Russian oil. During a bilateral meeting with Polish President Karol Nawrocki at the Oval Office, Trump hit back at a Polish reporter questioning his inaction against Moscow, stating, “How do you know there’s no action? Would you say that putting secondary sanctions on India, the largest purchaser outside of China, they’re almost equal, would you say there was no action? That cost huneds of billions of dollars to Russia. You call that no action? And I haven’t done phase two yet or phase three.”

Trump added that two weeks ago he had warned India, “If India buys, India’s got big problems, and that’s what happens. So, don’t tell me about that.”

The US President has levied 25 per cent reciprocal tariffs on India, coupled with an additional 25 per cent duty on its Russian oil imports, raising overall tariffs to 50 per cent since August 27.

Prime Minister Narena Modi has responded, affirming that while pressure may intensify, his government “can’t compromise on the interests of farmers, cattle-rearers, small-scale industries.” New Delhi has condemned the tariffs as “unjustified and unreasonable.”

Putin Warns Against ‘Colonial-Era’ Tactics

Reacting to Washington’s moves, Russian President Vladimir Putin criticised Trump’s strategy of exerting pressure on India and China, describing it as outdated. Speaking to the media at China’s victory parade, he remarked, “Powerful economies like India and China, with heavy populations, have their domestic political mechanism and laws… The colonial era is over. They have to realise they cannot use this term when speaking with their partners.”

He warned that leaders of nations with histories of colonial oppression and sovereignty struggles would not bow to threats. “When somebody tells you, they are going to punish you, you have to think about the leadership of those countries… if one of them shows weakness, his political career will be over, so that influences his behaviour,” Putin noted.

Trump has recently imposed steep tariffs of up to 50 per cent on Indian trade and had earlier slapped 145 per cent duties on Chinese goods, before negotiating an interim deal that brought them down significantly.

Go to Source

Hot this week

Trump threatens Chicago with ‘apocalyptic force’ as Pritzker calls him a ‘wannabe dictator’

President Donald Trump on Saturday amplified his promises to send National Guard troops and immigration agents to Chicago by posting a parody image from “Apocalypse Now” featuring a ball of flames as helicopters zoom over the nation’s third-larges Read More

Gukesh, Praggnanandhaa and Arjun win in FIDE Grand Swiss Round 3 as Vaishali moves into sole lead among women

The trio of D Gukesh, R Praggnanandhaa and Arjun Erigaisi remained in the top half of the ‘Open’ standings with 2.5 points out of a possible 3 while R Vaishali moved into the sole lead among women with a hat-trick of victories. Read More

Weekly Horoscope Aquarius, September 7-13, 2025: Receive accolades from foreign clients

Weekly Horoscope Aquarius, September 7-13, 2025: Receive accolades from foreign clients ByDr J. Read More

Blood Moon in Aquarius on September 7, 2025: What each zodiac sign should release and invite

Blood Moon in Aquarius on September 7, 2025: What each zodiac sign should release and invite ByNeeraj Dhankher Published on: Sept 07, 2025 05:00 am IST Share Via Copy Link The Blood Moon rises into Aquarius on Sep Read More

Weekly Horoscope Capricorn, September 7-13, 2025: Fiscal stability is likely this week

Weekly Horoscope Capricorn, September 7-13, 2025: Fiscal stability is likely this week ByDr J. Read More

Topics

Trump threatens Chicago with ‘apocalyptic force’ as Pritzker calls him a ‘wannabe dictator’

President Donald Trump on Saturday amplified his promises to send National Guard troops and immigration agents to Chicago by posting a parody image from “Apocalypse Now” featuring a ball of flames as helicopters zoom over the nation’s third-larges Read More

Gukesh, Praggnanandhaa and Arjun win in FIDE Grand Swiss Round 3 as Vaishali moves into sole lead among women

The trio of D Gukesh, R Praggnanandhaa and Arjun Erigaisi remained in the top half of the ‘Open’ standings with 2.5 points out of a possible 3 while R Vaishali moved into the sole lead among women with a hat-trick of victories. Read More

Weekly Horoscope Aquarius, September 7-13, 2025: Receive accolades from foreign clients

Weekly Horoscope Aquarius, September 7-13, 2025: Receive accolades from foreign clients ByDr J. Read More

Blood Moon in Aquarius on September 7, 2025: What each zodiac sign should release and invite

Blood Moon in Aquarius on September 7, 2025: What each zodiac sign should release and invite ByNeeraj Dhankher Published on: Sept 07, 2025 05:00 am IST Share Via Copy Link The Blood Moon rises into Aquarius on Sep Read More

Weekly Horoscope Capricorn, September 7-13, 2025: Fiscal stability is likely this week

Weekly Horoscope Capricorn, September 7-13, 2025: Fiscal stability is likely this week ByDr J. Read More

Weekly Horoscope Sagittarius, September 7-13, 2025:

Weekly Horoscope Sagittarius, September 7-13, 2025: ByDr J.N Pandey Published on: Sept 07, 2025 04:50 am IST Share Via Copy Link Sagittarius Weekly Horoscope: Spend more time with your lover this week. Read More

Weekly Horoscope Scorpio, September 7-13, 2025: You may be in the pink of health

Weekly Horoscope Scorpio, September 7-13, 2025: You may be in the pink of health ByDr J. Read More

PM Modi dinner with NDA MPs called off amid floods across states

NDA MPs’ dinners to be hosted by BJP president JP Nadda on Saturday followed by PM Modi next day ahead of the vice presidential polls have been cancelled in view of the devastation caused by floods in Punjab and other areas in t Read More

Related Articles