Former indian ambassador seshadri on china us trade policies: In recent times, US President Donald Trump’s tariff policy has created a stir all over the world. Amidst Bhurajnial tension, Trump’s high tariff has caused heavy damage to the economy of many countries. In such a situation, former India Ambassador VS. Seshadri has strongly criticized the policies of both Washington and Beijing.
Seshadri, former Indian Foreign Service (IFS) officer, who has served as India’s envoy in Slovenia and Myanmar, said that the US tariff policy has shook the global trade system with uncertainty and unilateral actions in the US tariff policy and the race of technology dominance around the world.
Turbulence from China-American policy
Seshadri said during a lecture at the India International University of Legal Education and Research on the subject of “International Trade Act: Challenges and Views” that these developments have weakened the necessary forecasts and stability for global trade. He explained in detail about the US, European Union (EU) and China’s strategies and their influences on India.
Significantly, the US, EU and China have about 42 percent stake in global trade. Referring to the policies of America, he said that in the second term of President Trump, the US has expanded unilateral measures and has also imposed tariffs on the Free Trade Agreement (FTA) partners under the guise of “counter -duty”.
Trump’s unilateral actions
According to the International Trade Expert Seshadri, these steps are now being used not only to promote trade balance and domestic manufacturing, but also for wide goals such as economic security, immigration control, punishment of Russian oil buyers and dealing with drug trafficking.
He said that bilateral agreements imposed by the US often binds partner countries to import energy, agriculture and defense from the US, while in return only partial tariff cuts are offered. These arrangements can be contrary to the rules of the World Trade Organization (WTO).
Indirect comment on Pakistan
Without naming Pakistan, Seshadri said, “A neighbor country has chosen a suicide path by handing over its resources to America under the guise of bilateral trade agreement.” He also mentioned the legal challenge in the US against the powers of the President of imposing tariffs under emergency measures and described it as the “most important business case”, on which the US Supreme Court will now give a verdict.
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