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Published 19:22 IST, February 3rd 2025

'Conscious Of It... Watching' - FM Nirmala Sitharaman On Likely US Tariffs

Finance Minister Nirmala Sitharaman, on Monday, said that India can 'only ready ourselves' to face tariffs, if any, imposed by the Donald Trump administration.

Reported by: Business Desk
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FM Nirmala Sitharaman
FM Nirmala Sitharaman | Image: X, Open Magazine

Finance Minister Nirmala Sitharaman , on Monday, said that India can 'only ready ourselves' to face tariffs, if any, imposed by the Donald Trump administration. Speaking at the 2025 edition of the OPEN House in conversation with Sanjiv Goenka, Chairman, RP Sanjiv Goenka Group, Sitharaman said that India is closely watching the US sanctions on China, but the way to handle the tariffs, if any, will be handled according to the 'mood' then. She further added that the basic customs duty will be aligned to maintain ‘Aatmanirbharta’.

"We are conscious of it. We are watching it. We are also looking at collateral which will be falling on us. Action taken on China is being assessed. We are readying ourselves," Sittaharam said.

The way we handle it will be closer to the mood then, the environment then - she added. 

This story is being updated…

Updated 21:19 IST, February 3rd 2025