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**Summary:**
India has strongly criticized protectionist measures like tariffs as ineffective solutions to global crises, advocating for fair and inclusive trade, especially for developing nations. This stance, voiced by Dr. S Jaishankar at the BRICS summit, comes amidst rising global uncertainties and Donald Trump’s tariff proposals. Meanwhile, Ukrainian President Volodymyr Zelensky has surprisingly endorsed Trump’s idea of imposing tariffs on countries like India that continue purchasing Russian oil, citing the need to pressure Moscow and promote peace. This development puts India in a complex position, as it balances its economic interests with its diplomatic efforts to promote peace while facing potential pressure from both the US and Ukraine.
**News Article:**
**India Rejects Trade Wars, Zelensky Backs Tariffs on Russian Oil Buyers**
**NEW DELHI/KYIV** – India has reiterated its opposition to tariffs and trade wars, arguing they are not the solution to the world’s interconnected crises. At a recent virtual BRICS summit, External Affairs Minister Dr. S Jaishankar emphasized the need for fair, transparent, and inclusive global trade, particularly to safeguard the interests of the Global South. His comments come as former U.S. President Donald Trump floats the idea of increased tariffs, sparking concerns of escalating trade tensions.
“Global trade must remain fair and rules-based, this is especially for protecting the Global South.” stated Dr. Jaishankar
The situation took an unexpected turn when Ukrainian President Volodymyr Zelensky endorsed Trump’s proposal to impose tariffs on countries, including India, that continue to purchase Russian oil. Speaking on the matter, Zelensky called tariffs “the right idea” to pressure Moscow and push for a peaceful resolution to the conflict in Ukraine.
Zelensky’s stance puts India, which maintains trade relations with Russia while advocating for peace through dialogue, in a difficult position. During a call with Zelensky, Prime Minister Narendra Modi reaffirmed India’s position that “war is not the answer,” reiterating support for diplomatic efforts.
The diverging views on tariffs and the ongoing trade in Russian oil are creating a complex geopolitical landscape. This issue is poised to test US-India relations, influence Russia’s economic strategy, and potentially reshape the global energy market. The international community is watching closely as India navigates this delicate balancing act between economic interests and diplomatic principles.