Indian Commerce Minister Piyush Goyal said on Monday that President Donald Trump's trade policy could create “a once-in-a-lifetime opportunity” for India.
“We are standing up in a history where India is well-dead to turn the current situation into opportunities,” Goyal said. I said India Global Forum in Mumbai.
Goyal explained India, sympathetic to President Trump's demand for supply chain equity and wants to prove its fast-growing economy, can move forward to occupy China's position.
“If anyone asks me where we are today and why we are experiencing this termination, this starting point actually goes to the beginning of 2000 when China was recognized as a member of the WTO,” he said.
Many Western analysts in 2025 did not reflect on their preference for China's joining the World Trade Organization (WTO) in 2000, but varying degrees of criticism have been directed towards the move. For stubborn supporters of President Trump's “America First” policy, bringing China into the WTO was one of the worst mistakes the free world has ever made.
BBC Heading A 2021 retrospective on China's WTO membership was as “How the West invited China to eat lunch.”
This article unveiled the stupid beliefs of former President Bill Clinton at the time.
“When individuals have the power to achieve their dreams as well as dreams, they will demand greater statements,” Clinton ran in 2000.
There could have been no more from the truth. Instead, China has infected the free world with authoritarianism, convincing some Western critics and politicians that one-party dictatorial rules are the most efficient way to manage a high-tech economy.
“China's subscription to the top table of world trade has marked a massive global transformation. The powerful combination of China's ambitious workforce, its ultra-higher education factories, and special relationships between the Chinese government and Western multinational corporations, has changed the face of the planet,” observed the BBC.
Goyal I said Bloomberg television reporter Haslinda Amin at the Mumbai Forum says that India has high tariffs but uses them primarily in retaliation for unfair trade practices by other countries.
“For example, if you look at the US, the overall tariffs may be 17%, but a lot of that is on products we don't import at all. Our applicable tariffs on the US are probably 7% or 8%.
Goyal said this is why President Trump's tariffs on India last week were lower than most Asian countries, rather than personal friendship between Trump and Indian Prime Minister Narendra Modi, but he allowed the two leaders to be in fact “good friends.”
Goyal also suggested that one reason India sees more opportunities than it is at stake by Trump's policy is that India is not an “export economy” unlike its great rival China. This means that India is in a position to reduce the proportion of national income to tariffs.
Naturally, China did not enjoy listening to Indian Commerce Minister talking about “a once-in-a-lifetime opportunity.” jack China's tariffs are up to 145% or more.
China's state-run Global Times on wednesday handrail It opposed Goyal's “opportunistic thinking” and blasted India in sought to “benefit from China-US competition.”
“The statements of Indian politicians are merely reflective of us and hope to have the favor of the Trump administration and pave the way for future trade negotiations between India and the US,” said Xie Chao, assistant professor at Tinua University..
Xie predicted that India's concessions would simply “urge the Trump administration to demand even greater compromises from India to offset the US-India trade deficit.”
Professor Long Singchun, Sichuan International Research University, was relieved Global Times India “can't grasp the market left by China,” and readers say, “it's highly dependent on China's supply chain” because it “has a lack of production capacity” and “it's high production costs.”
