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Updated 04:02 IST, February 2nd 2025

Tax Reduction Not Linked To Trump Tariff War, Says Finance Minister Sitharaman

Union Finance Minister Nirmala Sitharaman has addressed concerns about the impact of the expected Trump tariff war on India's economy.

Reported by: Digital Desk
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Tax Reduction Not Linked To Trump Tariff War, Says Finance Minister Sitharaman
Tax Reduction Not Linked To Trump Tariff War, Says Finance Minister Sitharaman | Image: X Handle, GST Counci

New Delhi: Union Finance Minister Nirmala Sitharaman has addressed concerns about the impact of the expected Trump tariff war on India's economy. Sitharaman, while announcing the reduction in tax, didn't explicitly link it to the anticipated tariff war. She said that the tax reforms are not at all linked with the United States tariff threat. The finance minister denied any connection at a press conference following her speech in the Parliament on the Union Budget 2025-26.

Sitharaman's statement comes in response to US President Donald Trump 's comments about India being a "tariff abuser". The Indian government has been proactive in addressing trade concerns, within the country or outside the country. 

The reduction in tax is part of the Indian government's efforts to boost economic growth and stimulate domestic demand. 

Experts believe that the move related to tax reform is not directly linked to the expected Trump tariff war and it demonstrates India's willingness to adapt to changing global trade dynamics.

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Published 23:46 IST, February 1st 2025