Stopped India-Pak conflict with trade, should get Nobel Prize for ending seven wars: Trump
New York/Washington(PTI): US President Donald Trump has repeated his claim that he solved the India-Pakistan conflict earlier this year with trade and asserted that he should get the Nobel Peace Prize for "ending seven wars".
Since May 10, when Trump announced on social media that India and Pakistan had agreed to a “full and immediate” ceasefire after a “long night” of talks mediated by Washington, he has repeated his claim over 40 times that he “helped settle” the tensions between India and Pakistan.
India has consistently denied any third-party intervention.
"On the world stage, we are once again doing things that we are just respected at a level that we have never been respected before. We are forging peace agreements, and we are stopping wars. So we stopped wars between India and Pakistan, Thailand and Cambodia," Trump said at the American Cornerstone Institute Founder's Dinner on Saturday.
He went on to say, "Think of India and Pakistan. Think of that. And you know how I stopped that -- with trade. They want to trade. And I have great respect for both leaders. But when you take a look at all of these wars that we've stopped."
"Just look at that. India, Pakistan, Thailand, Cambodia, Armenia, Azerbaijan, Kosovo and Serbia, Israel and Iran, Egypt and Ethiopia, Rwanda and the Congo. We stopped all of them. And 60 per cent of them were stopped because of trade," the US president claimed.
He added that "like with India, I said, 'look, we're not going to do any trade if you're going to fight and they have nuclear weapons. They stopped."
India launched Operation Sindoor on May 7, targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in retaliation for the April 22 Pahalgam attack that killed 26 civilians.
India and Pakistan reached an understanding on May 10 to end the conflict after four days of intense cross-border drone and missile strikes.
India has been consistently maintaining that the understanding on cessation of hostilities with Pakistan was reached following direct talks between the Directors General of Military Operations (DGMOs) of the two militaries.
Prime Minister Narendra Modi has made it clear in Parliament that no leader of any country asked India to stop Operation Sindoor.
External Affairs Minister S Jaishankar has categorically said there was no third-party intervention in bringing about a ceasefire with Pakistan during Operation Sindoor.
Trump said he was told that if he could stop the conflict between Russia and Ukraine, he should get the Nobel Prize.
"I said, 'Well, what about the seven others? I should get a Nobel Prize for each one'. So they said, 'but if you stop Russia and Ukraine, sir, you should be able to get the Nobel'. I said I stopped seven wars. That's one war, and that's a big one," Trump said.
He added that he had thought the Russia-Ukraine conflict would be easy to resolve "because I have a good relationship with President Putin, disappointed in him, but I do. I thought that would be the easiest one, but we'll get it done one way or the other."
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India proposes preferential trade agreement with Mexico to deal with high tariffs
New Delhi (PTI): India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday.
Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia.
Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue.
"Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here.
While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, duties are cut or removed on a limited number of products.
Trading partners of Mexico cannot file a compliant against the decision on imposing high tariffs as they are WTO (World Trade Organisation) compatible.
The duties are within their bound rates, he said, adding that their primary target was not India.
"We have proposed a PTA because its a WTO-compatible way forward... we can do a PTA and try to get concessions that are required for Indian supply chains and similarly offer them concessions where they have export interests in India," Agrawal said.
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Citing support for local production and correction of trade imbalances, Mexico has approved an increase in MFN (most favoured nation) import tariffs (5-50 per cent) with effect from January 1, 2026 on 1,455 tariff lines (or product categories) within the WTO framework, targeting non-FTA partners.
Preliminary estimates suggest that this affects India's around USD 2 billion exports to Mexico particularly -- automobile, two-wheelers, auto parts, textiles, iron and steel, plastics, leather and footwear.
The measure is also aimed at curbing Chinese imports.
India-Mexico merchandise trade totalled USD 8.74 billion in 2024, with exports USD 5.73 billion, imports USD 3.01 billion, and a trade surplus of USD 2.72 billion.
The government has been continuously and comprehensively assessing Mexico's tariff revisions since the issue emerged, engaging stakeholders, safeguarding the interests of Indian exporters, and pursuing constructive dialogue to ensure a stable trade environment benefiting businesses and consumers in both countries.
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Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai has said that Mexico's decision is a matter of concern, particularly for sectors like automobiles and auto components, machinery, electrical and electronics, organic chemicals, pharmaceuticals, textiles, and plastics.
"Such steep duties will erode our competitiveness and risk, disrupting supply chains that have taken years to develop," Sahai said, adding that this development also underlines the little urgency for India and Mexico to fast-track a comprehensive trade agreement.
Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA.
