തീരുവ നയത്തില് ഡോണള്ഡ് ട്രംപിന് തിരിച്ചടി. സുപ്രീംകോടതിയെ ഗൗനിക്കാത്ത ട്രംപ് ഇനി എന്തു ചെയ്യും.. മുൻ ക്യാബിനറ്റ് സെക്രട്ടറി കെഎം ചന്ദ്രശേഖർ എറൗണ്ട് ആന്ഡ് എസൈഡില് | Around and Aside | 28 Feb 2026
Donald Trump | US tariffs
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Donald Trump | US tariffs
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NewsTranscript
00:14Welcome to Around and Aside, A Diplomatic Journey.
00:20President Trump's Tariff in the American Supreme Court,
00:28that's why President Trump's Tariff in the American Supreme Court,
00:31President Trump's Tariff in the U.S. Department of State of the Union Address,
00:43and the U.S. Department of State is very strong,
00:50We are now doing that.
00:52Make sure that the Supreme Court is in the Congress,
00:56and there's other other representatives who put him in the Congress,
00:59and give him this to you.
01:02Therefore, we are doing this.
01:04This is why a Cabinet Secretary Sree K.M. Chandrasekhar
01:09He is the ambassador of the Gini Vail and the WTV ambassador of the WTV.
01:19He is the ambassador of the WTV.
01:20He is the ambassador of the WTV.
01:22Welcome, Mr. Tunstake. Good to see you again in my program.
01:30Good to see you too.
01:30I have a question for President Trump.
01:35He is not saying that he is not saying that he is a logical logic.
01:38He is a renaissance of industrialization in the United States.
01:43That is why he is justified.
01:45I have no idea how to justify this.
01:50Basically, he is not saying that he is not exported.
01:55He isultura.
01:56He is not offering supernatural.
01:57One of the most important countries was the most important one.
02:00All of the most important countries.
02:01America has for children doing all of these because of an important thing.
02:09Not signing off the important line.
02:10Members of the competition...
02:13They have to negotiate with the exporter.
02:16So, there is a notion that
02:19the tariff is going on to the most countries,
02:22and the most countries are going on to the most countries,
02:26and the US is going on,
02:30I can't understand the logic.
02:32There is a notion that the tariff is going on,
02:36and the American importer will immediately pass on to GM to the exporter.
02:39It will not happen.
02:41Unless the supply and demand conditions are such,
02:44we have to take the exporter to Europe.
02:48Why should they pay the tariff to the USA?
02:50They are going to take the tariff to Europe.
02:54That is why there is a boost in the industrialization of the US.
02:59The feeling of that is that the tariff is going on.
03:04The industry is going on to the US.
03:08It is going on to the US.
03:11Manufacturing will shift there.
03:12Manufacturing will shift there.
03:14That is the logic.
03:15But the manufacturing will shift the tariff.
03:19There are various other conditions.
03:21Labor costs, electricity costs, land costs.
03:26This is okay.
03:26There are many things in China and the USA.
03:30The US will do not outsourcing.
03:34The only advantage is that.
03:36Not now.
03:38Not now, but the third of the US is going on.
03:40The third of the US is going on the tariff.
03:42That is the reason it is.
03:43It may not work out.
03:44Because the US is not the only market.
03:47You know, in the US, the share of the global trade is 12 years old.
03:51The most important part of the country is trading.
03:55There is a lot of trade.
03:58There is a lot of impact.
04:01We don't have to worry about that.
04:03There is a temporary impact.
04:07We are going to be a spice exporter.
04:10We are going to put a pepper on this tariff.
04:13In a few days, either he will lower his price
04:17or the American importer will raise the price to the consumer.
04:21That will not impact.
04:23If you look at it,
04:26in December, the main marketing season is Christmas.
04:33During that time, there are many commodities.
04:36The electronic goods are very popular.
04:39In America, there are many electronic goods.
04:43There are many gifts.
04:45That's why there is a lot of money.
04:47So, people are feeling the...
04:48Look at the opinion polls.
04:50Most of these are coming from China.
04:52They are coming from China,
04:53Taiwan,
04:55India,
04:58Mexico,
05:00etc.
05:01There are many other countries.
05:01So, the prices will go up.
05:04Prices will go up.
05:05So, what has happened is,
05:07the American importer is coming from China.
05:09And,
05:10the consumer is coming from China.
05:15That is likely,
05:17there is a notion that,
05:19there are many other countries.
05:22They are coming from China.
05:23When America had a big share of the global market.
05:27Now, the share is small.
05:28In this period,
05:30we have affected it.
05:32We have affected it.
05:33We have affected it.
05:33We have affected it.
05:34we have to pay the tax tax.
05:39There was a lot of unemployment there in India.
05:42So,
05:43we have affected it.
05:44Now,
05:4415% is good enough for us?
05:47It is not for us.
05:48It is not for us.
05:49This is not for us.
05:49It is important for us.
05:52It is for us to take 50% of the maritime in Bangladesh.
05:59So, no difference.
06:01We are in the same position.
06:02There are differences in the time.
06:05Even for the racer,
06:06of zero tariffs…
06:07There are also 15% of the tax tax.
06:11No. Either this has to be imposed across the board.
06:15We don't have to worry about it, but we don't have to worry about it.
06:21If we do that, it will come to all the countries.
06:2515% has to be across the board.
06:26If 15% is in Section 122, it is for the whole world.
06:30Commodities exempt, but it will be for all the world.
06:33It will be for specific countries.
06:34It will be for 122 countries.
06:37It will be for 122 in June and July.
06:39It will be for the whole world.
06:41So, he will go to 301.
06:43But why doesn't he go to the Congress?
06:45I am sure there will be a lot of resistance.
06:49Because tariff is not a popular thing.
06:52If he is saying it is good for the country.
06:53He says it is good for the country, but the Congress must also feel it is good for the country.
06:58The only thing is that the State of the Union address.
07:03He says it is good for the first policy statement.
07:06What is it?
07:07If we go to the tariff and liabilities in foreign countries,
07:12that is why we have to make income tax.
07:15The American income tax system is good for us.
07:19That is why we have to do that.
07:22That is the effect of the tariff.
07:28If we go to the exporter, we will not export much to the US.
07:35We will not export much to the US.
07:38So again, you know, his logic is not clear.
07:42He seems to be a confused person.
07:45But if we go to the US, it is good for the American agenda.
07:50We will also benefit from the US.
07:52Because, if we go to the Supreme Court,
07:55we will not have to be strong enough to do that.
07:59We will not have to do that.
08:01We will not have to do that.
08:03We will not do that.
08:04We will not do that.
08:05We will not do that.
08:07We will not do that.
08:07We will not do that in the State of the Union address.
08:09We will not do that in the State of the Union.
08:10So, that is why these are new arguments,
08:12which I thought were very interesting.
08:13But, he is still defiant on the Supreme Court.
08:16He has no intention to defy the Supreme Court.
08:19He has no intention of giving up tariffs.
08:22Right.
08:22We will not do that as well.
08:24We will not do that in the last 301 section.
08:28Which is a difficult section.
08:29That is the Congress?
08:30Yes.
08:31They will do that in the 301.
08:34It is a rule, not the laws.
08:37Only thing is, only thing is, he will have to go through a process of consultation with the country.
08:43In our case, for example, digital taxation, digital trade law taxation,
08:49that is a big controversial issue with the U.S.
08:53If we are not able to come to an agreement on that…
08:57That will be independent of the trade agreement which you are negotiating anyway.
09:00A trade agreement will not come.
09:03We are also going backwards.
09:06For example, there is an issue.
09:09The investment promotion policies.
09:12We are always following that.
09:14Atmanirbarla, the production linked incentives.
09:18If it is countervailing, he can impose a tariff.
09:22And he has to calculate that value.
09:25He has to talk with India also, before imposing.
09:28If it is calculated that value, he can impose a tariff anywhere.
09:35If we say, one trillion dollar is one billion dollar, just example, is the amount of illegal money that you
09:47are collecting, because of unfair trade practices.
09:51Other, one billion anangil, he can put one billion on textiles.
09:56But textiles that he tell, there will be huge amount of unemployment in India.
10:00So he can choose the sector and trouble us.
10:03So that means in those issues, we are likely to make concessions.
10:07We have to.
10:08We have to.
10:08I think, the first thing that I see, WTO ministerial conference, that is in Yaounde, in Cameroon.
10:18Yaounde, the Africans are also trying very hard to reach some kind of an agreement.
10:22If there is any ministerial conference, we might be able to reach some kind of an agreement.
10:30But America will participate here.
10:31America and the US Office also participate.
10:32Will they participate?
10:34They will participate.
10:35And if we reach some conclusion there, then it will be transferred to the bilateral deal also.
10:43So other, that is the first stage.
10:45I think, I don't think India will take the initiative until the ministerial conference, in March and another.
10:53So WTO still has legitimacy to decide such things?
10:56Legitimacy, it is a forum to discuss.
10:59Legitimacy, when it comes, it must have an effective dispute settlement system.
11:03That's right.
11:03That's right.
11:05First term will be destroyed.
11:06But it will be just only an open discussion.
11:08It will be an open, it will be an open discussion.
11:10But lot of papers are being presented.
11:14I see.
11:14Non-papers, India, Brazil, Indonesia has given.
11:17Mattila, US EU.
11:18Is it specifically related to the American tariffs?
11:21US EU has given.
11:23Either it is related to investment actually.
11:26Basically, they want an investment agreement also there.
11:29So Ella and Gudita, if you can come to a deal and all countries agree to that,
11:34then I think the US will also, I mean the US is not going to disobey Trump.
11:40But Trump can be easily convinced.
11:43If there is a general agreement.
11:44If there is a general agreement.
11:45A general agreement.
11:45If there is a different opinion, there will be different opinions.
11:47Developed countries and developing countries, I don't know.
11:49A classic fight will be there.
11:51For example, one of the things that is being discussed there
11:55is investment.
11:58We have all the production incentives.
12:03Like your Atma and your world.
12:05There are production-linked incentives.
12:08That is the American position, the EU position.
12:15We are a developing country.
12:18So we need some space to grow.
12:20There is a paper now presented.
12:23That is India, Brazil, Indonesia.
12:25We can go 30% above what is the normal growth.
12:29The industry can grow.
12:31There is a tariff imposium.
12:33However, there will be 5%.
12:35So there will be a negotiation on that.
12:37If there is a 10-15% of the government,
12:40it will affect Section 301.
12:43Is it not going to be done in India?
12:44Yes.
12:45If there is a 301, it will be imposed.
12:47It will be different.
12:48It will be done in the 301.
12:51It will be done in the 301.
12:52It will be done in the 301.
12:54It will be done in June, July.
12:56At that time, we will be able to readjust that.
12:59He will readjust that.
13:00If India and US are able to come.
13:03India, US, EU, all countries are able to come to some understanding.
13:08Automatically, it will be done in the 301.
13:09If there is a trade agreement, it will be suspended.
13:12It will be done in 15% like all countries.
13:14No, that is all right.
13:15But the other agreement...
13:16The other agreement has not been done.
13:17I know.
13:18So that will have to be renegotiated.
13:20We will renegotiate the same deal.
13:24I do not know the details of the deal.
13:25I do not know the details of the deal.
13:26I do not know the details of the deal.
13:28I do not know the details of the deal.
13:30I do not know the details of the deal.
13:33I do not know the details of the deal.
13:33So that will be discussed over the next 2-3 months.
13:38But I think we will come to a deal.
13:38Fortunately, the EU agreement is already in place.
13:40EU agreement is already in place.
13:42So that is an advantage just for us.
13:44As far as Europe is concerned.
13:45That is.
13:45Then Canada had an initiative.
13:47The middle powers must have their own system.
13:50Or not to integrate with the US economy.
13:53What do you think about it?
13:55What do you think about it?
13:57American hegemony days.
13:59In a country, there is no hegemony.
14:02They are not going to...
14:03The unipolar moment is over.
14:05That moment is over.
14:07So now people will have to...
14:09I think...
14:10No, they have invited you to the trouble.
14:11That unipolar moment, he could have maintained.
14:14Correct.
14:14If he was friendly with the second place.
14:15Correct.
14:15And he had a lot of support at that time.
14:17Now he has no support.
14:18Who is supporting?
14:19EU is not supporting.
14:21Canada is not supporting.
14:22There is very little support that he has got.
14:25My feeling is that over a period of time,
14:28people are beginning to increasingly realise.
14:31Our exporters are very important.
14:33They are very important.
14:36The import to the American importer.
14:39They are very important.
14:41What happens to the price negotiator?
14:43So, complete confusion about trade has arisen.
14:50All over.
14:50So, that confusion, they will want to avoid.
14:54In the multilateral trade arrangement,
14:56the WTO,
14:58at least one thing is,
15:00there was certainty about trade.
15:03Certainty about tariffs.
15:05And also dispute mechanism.
15:06So, trade expanded.
15:09Dispute settlement mechanism.
15:12If there is any violation,
15:13you can go to the dispute settlement mechanism.
15:16That is abolished.
15:17So, that has gone.
15:18So, I think the movement will be towards,
15:22again, a centralization.
15:23Either whether US will be part of it,
15:26US will be outside it,
15:28whether other countries will come together,
15:30whether we will come together.
15:31This is clear.
15:32People are giving US enough time.
15:36I think we are giving them a long rope.
15:38I think we are giving them a long rope.
15:41So, the Supreme Court said,
15:43that the President may have changed.
15:46That's why they have to assert it.
15:48No.
15:49I never expected the President to change.
15:53This President,
15:54the President's opinion to change.
16:00He is very egocentric.
16:02And he uses such strong language.
16:08American Psychologists,
16:11big people,
16:13they say that he is a malignant narcissist.
16:17What words are you talking about?
16:20He is well-known.
16:21So, a malignant narcissist is not going to change.
16:25But the people might change.
16:26You know, his rate...
16:28Even the President will change at some time.
16:30The approval rating is very low now.
16:31Very low now.
16:3240%.
16:32Exactly.
16:33So, at the mid-time polls,
16:35he may lose the Congress.
16:36He may lose the Congress.
16:42What is your view as it stands?
16:45As it stands, I think,
16:47we have protected our agriculture sector,
16:49which was always...
16:50Which is clear allah.
16:51It's clear allah.
16:51It's clear allah.
16:52It's clear allah.
16:52It's clear allah.
16:52It's clear allah.
16:53It's clear allah.
16:53We are claiming that agriculture sector will be...
16:56It's clear allah.
16:58We have the biggest problem is digital trade.
17:02A lot of people, Google, etc.
17:05They are making a lot of money out of India.
17:06They are making a lot of profits.
17:09We don't have a share in that.
17:11Because there is an existing...
17:12Is it like Amazon and so on?
17:14Existing agreement saying,
17:16electronic transactions,
17:18there will be 0% tariff.
17:20That will end in 2027, I think.
17:242027.
17:25In that way,
17:27even if we have the budget,
17:29there is a chapter 99 included.
17:32That was simply to enable us 0%.
17:36But it is enabling us to impose a tariff.
17:39We have put a proposal before the WTO,
17:43saying that the amount of tariff,
17:45we will calculate on the basis of the total revenue
17:50of the entity.
17:52Say, Google, an entity.
17:54And then the share of their profit,
17:58they can declare.
17:59We can mutually negotiate.
18:01And we will put the tax on that.
18:03There is a paper in the WTO.
18:06So, digital...
18:07Now, there is no tariff in digital trade.
18:10Now, there is no tariff.
18:11Now, it is 0%.
18:12It is almost anonymous.
18:13That is.
18:14That is.
18:14So, that will impact.
18:15That will impact.
18:17It will impact.
18:18If we do anything there,
18:21what will happen is,
18:23what will happen is,
18:23they will put a 301 duty on textiles.
18:28And for our employment,
18:31a lot of people will go out of employment.
18:33You know, we are sending a lot to US.
18:37So, that is why it is good to have a deal.
18:42That is why it is good to have a deal.
18:45Because it was all covered under a market.
18:47That's why we had to negotiate.
18:50It didn't make any difference.
18:51That's why there is multilateral agreement.
18:52There is no framework there.
18:56There is no framework there.
18:56There is no framework there.
18:57That is my opinion.
18:59But can we go back to the old system?
19:01Most people say that will not happen.
19:03Either.
19:04But it is rule-oriented.
19:05The system, I think, will come automatically.
19:09Because...
19:09That is the big question.
19:10People will find this very difficult to handle.
19:15Without bilateral deals,
19:18there will be lot of confusion in actual trade
19:21for the exporter.
19:22But many experts are saying that
19:24don't expect the old system to come back.
19:27We have to somehow...
19:28There may be some tweaking.
19:29I'll tell you, there will be some tweaking.
19:30Actually, the US also has put certain proposals.
19:33In other words,
19:34there is a thing called consensus.
19:39In the original,
19:40every country has to agree.
19:42Now, Djibouti can say,
19:43Djibouti can say,
19:44I don't agree.
19:45And then there is no deal.
19:46That is the end of the story.
19:47So, that may have to change.
19:49The dispute settlement mechanism
19:51may have to be tweaked.
19:53There will be long negotiations.
19:58It will...
19:58It can be a long negotiation.
20:01It depends on the countries.
20:02No.
20:03President Trump is presuming that this will be the new regime.
20:09That he believes.
20:10Anyway, to go back to the old system,
20:13we'll meet a lot of resistance from the US.
20:16From this person.
20:18But it may not be the same...
20:20It may not be the same tomorrow.
20:22Lastly,
20:23AI submitted them a lot.
20:25Now, there was no reflection of what is happening in the US
20:29and tariff and all that.
20:30Is it very dependent?
20:32I told you that the digital trade,
20:35it may not be taxed.
20:36Hmm.
20:37So, that is not...
20:37This was not an issue there.
20:39That is not a relevant issue.
20:40In 2027, there will be problems.
20:43That did not figure very much in those discussions.
20:45No.
20:45No.
20:46Tariff.
20:46That is because of this.
20:49It didn't affect the area.
20:50That particular sector.
20:52But this agreement...
20:53in the US,
20:54it may not be the same in the US.
20:56That is because of the normalization of relations
20:59between India and the US
21:00in a very beginning.
21:01That is right.
21:02Well, I think that we have a normalization
21:05actually.
21:06We have had very good relations.
21:08That is.
21:09We just once sang...
21:10At Albert talks.
21:11At Albert talks.
21:13At Albert talks.
21:13We have a building up a good relations.
21:14Clearly, we made a big...
21:16big achievement.
21:18That is.
21:18It was a good achievement.
21:19That is.
21:19We did not legitimize it.
21:21That is.
21:22That is big.
21:23That is why,
21:25this confusion is caused only better.
21:28Otherwise, it was going on very smoothly.
21:30That is.
21:30Even...
21:31It was a very good relationship.
21:32Prime Minister's first visit was very successful.
21:34Exactly.
21:34So, where did it trigger now?
21:37We did not trigger it.
21:37The trigger was his...
21:39The normal price.
21:40Mindset.
21:41Thank you very much indeed.
21:44Thanks a lot.
21:49American Supreme Court
22:09Namaskaram.
22:09It was.
22:10Even before that.
22:12Just do the new.
22:15We will find a good moment.
22:17We'll see you on the right side.
22:18Hopefully, perhaps.
22:23Bye.
22:25Bye.
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