- India should not yield to US tariffs of 50 per cent imposed by President Trump
- US applies double standards by giving China longer negotiation and lower tariffs
- US imports Russian fertilisers and palladium, contradicting its stance on India
Shashi Tharoor, chairman of the Parliamentary Standing Committee on External Affairs, stated that India should not "buckle under pressure" in the face of the 50% tariffs levied on it by US President Donald Trump.
The Congress MP, while speaking to NDTV, stressed on the "incredible unfairness of this particular imposition" by Trump.
Tharoor stated that Trump's rhetoric regarding the tariffs might be a negotiating tactic, but there was still a need for India to "fundamentally rethink" some of its assumptions about the US in terms of foreign policy.
"I'm afraid some of the language used was very belittling but we may just have to insist that our self respect, which doesn't permit us to surrender in this kind of process," he said.
He noted that there were double standards in the US' treatment of India in comparison to the terms and conditions it has set for the European Union and China — entities who purchased considerably more oil and gas from Russian compared to India.
"China buys far more oil and gas from Russia, not to mention trading a whole host of other items than we do... They've been given a 90-day negotiating window while we have 21 days. From Aug 27., our goods will be subjected to 50% tariffs while China will have 30%," Tharoor said.
He also highlighted the US' inconsistency on its stance by pointing out that the country imports "a couple billion dollars worth of fertilisers from Russia", and buys palladium from it for its catalytic convertors.
"So, if that's going on, how can Mr Trump argue that India's money is fuelling Russia's war machine in Ukraine, but his American dollars are not? I mean, that's complete hypocrisy. So, I really think we will have to sit and talk to the Americans," Tharoor said.
On the ongoing trade negotiations, Tharoor stated that opening the market up for sale of luxury items to affluent Indians from the US would "barely affect" Indians. He, however, stressed that India should remain steadfast in protecting its vital industries.
"We must rally behind the negotiatiors. While flexibility is a virtue it has its limits. We can't buckle under pressure," he said.
"But if not, let us walk away with our dignity intact. If we are being charged 50%, let us say, "Fine Mr Trump, we'll also put 50% tariffs on you."", Tharoor added.
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