India Says Global Trade Being ‘Weaponised’ Through Tariffs: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has said that global trade is increasingly being “weaponised” through tariffs and trade barriers, creating fresh challenges for countries across the world. Speaking at a recent economic forum, she highlighted how the global trading system is moving away from free and fair trade practices. The finance minister noted that while India is often criticised for using tariffs, many countries are now using them as strategic economic tools rather than just protective measures. She clarified that India’s tariff policies are aimed at protecting domestic industries and ensuring fair competition. Sitharaman also stressed that in the current global environment, countries will have to negotiate trade agreements carefully and strategically. She added that India’s growing economic strength would help it manage global trade pressures and safeguard national interests. Her remarks come at a time when rising trade tensions and higher tariffs across major economies are disrupting traditional trade flows and increasing uncertainty in the global economy.