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India to avoid protectionist signals on trade: Top official
February 04, 2025
|Khaleej Times
India does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on high-end motorcycles, amid US President Donald Trump's moves on tariffs.
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Sunday's remarks came a day after Trump ignited a trade war with sweeping tariffs on Canada, Mexico and China. None were aimed at India, although Trump had called it a tariff abuser during his election campaign last year.
"We don't want to give anybody any signal that we would like to be protectionist," Finance Secretary Tuhin Kanta Pandey told Reuters in an interview after the budget, unveiled on Saturday.
"Our stance is that we don't want to increase protection."
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