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India’s finance minister warns of rising trade weaponization, pledging defensive tariff use only.
Indian Finance Minister Nirmala Sitharaman warned that global trade is increasingly being weaponized through tariffs and protectionist measures, with countries using trade barriers for geopolitical leverage rather than economic fairness.
She emphasized that India will rely on its economic strength to navigate this shifting landscape, using tariffs only to protect domestic industries from unfair competition, not as offensive tools.
Her remarks come amid rising trade tensions, including high tariffs from the U.S. and Mexico’s new import levies on nations without free trade agreements, highlighting a growing trend of protectionism and inconsistent global trade norms.
El ministro de finanzas de la India advierte de la creciente militarización del comercio, prometiendo el uso de aranceles defensivos solamente.