‘De-risking is a growing compulsion’: Jaishankar highlights ‘tariff volatility’ at UN amid trade tensions with US
&imwidth=600&imheight=450&format=webp&quality=medium "‘De-risking is a growing compulsion’: Jaishankar highlights ‘tariff volatility’ at UN amid trade tensions with US")
Indian Foreign Minister Subrahmanyam Jaishankar addresses the United Nations General Assembly at UN headquarters in New York City on September 27, 2025. Photograph: (AFP)
This comes amid the global trade tensions unleashed by US President Donald Trump. Meanwhile, negotiations are ongoing between New Delhi and Washington to discuss a Bilateral Trade Agreement.
Indian Foreign Minister S Jaishankar on Saturday (Sep 27) said that “tariff volatility” and “uncertain market access” have resulted in a growing compulsion of de-risking. This comes amid the global trade tensions unleashed by US President Donald Trump. Meanwhile, negotiations are ongoing between New Delhi and Washington to discuss a Bilateral Trade Agreement.
“When it came to trade, non-market practices gamed rules and regimes. The resulting concentration exposed the world to leveraging. On top of that, we now see tariff volatility and uncertain market access. As a result, de-risking is a growing compulsion, whether from limited sources of supply or over-dependence on a particular market,” Jaishankar said.
He further added, “Economic concerns have other dimensions as well. Heightened technology control is one. The grip on supply chains and critical minerals is another. The shaping of connectivity is no less sensitive. Protection of key sea lanes has become a challenge. Restricting the evolution of a global workplace is an issue.”
Trade talks between India and the US are ongoing. A day earlier, a team of Indian diplomats, led by Commerce and Industry Minister Piyush Goyal, returned to India after holding discussions with the US delegation in New York. Following the talks, Goyal said that India and the US are aiming to “achieve an early conclusion” to the trade deal. The recent meeting followed negotiations held in New Delhi earlier this month.
“The delegation had constructive meetings with the U.S. Government on various aspects of the deal. Both sides exchanged views on possible contours of the deal and it was decided to continue the engagements with a view to achieve early conclusion of a mutually beneficial Trade Agreement,” he said.
The trade relations between New Delhi and Washington strained after Trump imposed a 50 per cent tariff on Indian goods last month, citing unfair trade policies and Russian oil purchases. The discussions are ongoing between the two nations to finalise a Bilateral Trade Agreement.
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