The announcement of tariff hikes announced by U.S. President Donald Trump was seen on the display screen on the facade of the Mumbai Building (BSE) building on April 3, 2025. Image source: AP
Sangh Parivar’s economic department pointed out that US President Donald Trump’s new tariffs and the World Trade Organization (WTO) are completely ignored, so Sangh Parivar’s economic ministry said on Thursday (April 2, 2025) that India should follow suit and should “abandon” trade-related aspects (TRIPS) with intellectual property rights.
Travel is a comprehensive multilateral agreement on intellectual property rights by the WTO and does not always weight developing countries.
Swadeshi Jagaran Manch (SJM) economist and joint commemorator Ashwani Mahajan told Hindu India has paid a heavy fee to comply with these international agreements, that is, the United States now appears to be discarding it.
“Traveling is inhumane”
What we see is completely ignoring the WTO. We signed the WTO and received higher tariffs because we accepted the reasons we accepted, general tariffs and trade agreements (Gatt) for travel, trimming, service and agriculture (GATT) (GATT) (GATT) and the agreement and the consistency of the Trips paid the loss. Mahajan.
“We can also ignore the WTO and the garbage travel. Maybe it’s too early, but if the WTO does not exist, then why travel? Travel as a consent is inhumane. visit What are our humanitarian needs? ” asked Mr. Mahajan.
“A glimmer of hope”
Mr Mahajan said the trade tariff announcements Mr Trump called “Liberation Day” could have a “silver frontline” for India. “If we look at the list of national tariffs, our number is 19th and I believe China is 11th. The difference between India and China is about 8%. [between] In terms of the U.S. market, India and China are the main competitors – willing chemicals or other kinds of products, although Indian industry cannot compete in India, they compete in us and we may gain a relative advantage,” he said.
“The silver lining we see is that India will get more market access than before these Trump tariffs were announced. If Chinese products become 34%, Indian products will reach 26% of the cost,” he said.
“Protect the farm, dairy industry”
However, he is indeed cautious about market access in agriculture, dairy and small-scale industries. “The Indian government should continue to work to protect agriculture and livelihood issues,” he said.
Mr Mahajan added that he did not see prices hit in India unless India imposes retaliatory tariffs. “In terms of the mindset of the Indian government, they are ready to adjust tariffs on cars, especially electric vehicles, and none of these compete with Indian automakers. In our course, I foresee inflation because they impose tariffs on the board,” he said.
publishing – April 3, 2025 07:57 pm ist
