New Delhi: Economic Measures Becoming Commonplace, Says Jaishankar
India’s External Affairs Minister, S. Jaishankar, addressed recent global trends in economic policies during a session at the Raisina Dialogue on Wednesday. He pointed out that tariffs and sanctions have become prevalent tools in international relations, particularly over the last ten years.
Jaishankar emphasized that these economic measures are now a standard part of how countries interact, whether they prefer it or not. He noted the rise of a more aggressive "culture" in global politics, with countries increasingly using economic tools like financial transfers, energy resources, and technology as weapons.
“Whether we like it or not, these tactics are a reality. In the past decade, we have seen many nations use economic capabilities in a combative manner,” he stated. This shift in approach means that countries need to adapt and consider these factors in their foreign relations.
With the United States under President Donald Trump considering reciprocal tariffs that could spark a trade war, Jaishankar highlighted India’s unique position. The nation, which enjoys a trade surplus with the U.S., is currently in talks to secure a trade agreement that would help avoid such tariffs.
In discussing strategies to navigate this complex landscape, he suggested that one approach is to position oneself carefully, ensuring that one remains on the "right side" of economic measures to minimize potential damage.
Jaishankar’s comments reflect a growing recognition that economic actions are increasingly intertwined with global diplomacy, calling for a smarter and more strategic approach from nations around the world.
