Inaugural session of the Current Affairs Discussion Panel

Report of the Current Affairs Panel Discussion Event

Event: Panel Discussion on the India- US Tariff Scenario 

Date: 06:08:2025

Time: 2:30 PM

Venue: Writer’s Nook

Introduction

The inaugural session of the discussion panel convened today at 2:30 PM in Writer’s Nook, commencing with a welcome address by Miss Sethu Parvathy. The event brought together multiple participants from various streams to deliberate on the evolving landscape of international tariffs, economic power shifts, and their implications for India.

Summary of Proceedings

Miss Sethu Parvathy set a positive tone with her welcome address, followed by Professor Joshua Solomon who provided a concise introduction and contextual backdrop regarding the global tariff scenario.

Key Discussion Highlights

US-India Tariff Relations:

Professor Joshua Solomon explained that the United States has consistently advocated against excessive tariffs. He noted that India’s tariffs were historically around 150%, later reduced to 100%. The US President announced reciprocal tariffs as a countermeasure, emphasizing that if India does not moderate its ties with Russia, trade penalties could follow. In response, India has initiated steps to reduce its dependence on Russian imports, though Russia has been a longstanding ally. The discussion included India’s strategic approach to maintaining status quo, potential retaliation, and the challenges posed by global economic pressures.

China’s Position and Global Market Diversification:

Mr. Sanjo elaborated on China’s experience with tariffs, highlighting its efforts to explore alternative markets and reduce reliance on the US. Professor Solomon referenced Nayara Bunk challenges with European Union sanctions, further discussing instability in global power dynamics and the US’s own complex relationships with Russia. India’s adherence to the Non-Aligned Movement (NAM) policy was noted.

Emergence of China and Impact on the Global South:

Ms. Jayashree remarked on China’s rise as a superpower and its increasing influence over smaller countries in the global South, characterizing India as a "victim" of these shifting dependencies. Professor Solomon observed that neither the US nor other Western powers have directly challenged China or Russia, mentioning concerns about economic stability in the US, especially in sectors like textiles and dairy.

Labor Markets and Indian Diaspora:

Ms. Gayathri addressed the impacts of global trade disputes, including mass layoffs and pressures on Indian immigrants abroad. She also touched upon cultural considerations tied to supporting indigenous workforces, and uncertainty for the next 6 to 12 months.

Barriers to Economic Activity:

The panel reached a consensus that barriers such as tariffs are detrimental to global economic activity. Mr. Gokul questioned why India should not impose tariffs on US-based companies, referencing the robust pharmaceutical sector in India. Professor Solomon recalled India's pre-1990s trade dynamics and noted the disruption caused when Russia suspended rare earth metals production. The discussion also emphasized the dollar dependency and the BRICS initiative to counter it.

This fruitful session culminated with various takes and possibilities on diplomacy, foreign trade and international relations.

Conclusion:

Mr. Sanjo delivered the vote of thanks, expressing appreciation for the panelists’ insights and the audience's engagement. The session was marked by fruitful dialogue and critical reflection on the challenges and opportunities posed by shifting international tariff regimes.