Refuting Trump’s ‘dead economy’ remark, German ambassador said, ‘India is the market of the future’

In apparent allusion to Donald Trump’s tariffs on other countries, he said that such “erratic behavior” is a message for some that “stability and predictability” are needed.

Notably, beginning on August 7, Trump will slap 25% tariffs on India and 15% tariffs on the European Union.

Trump has previously referred to the economies of Russia and India as “dead” and voiced his displeasure with their close defense and energy connections.

“What India does with Russia doesn’t concern me. Earlier in his anti-Indian outburst, Trump said on Truth Social, “They can take their dead economies down together, for all I care.”

India’s economy is “extremely interesting,” according to German Ambassador Ackermann; therefore, his government would not use the same terminology.

The fact that the German government would not use the same language is well known. The Indian economy intrigues us much. The number of businesses visiting India is increasing. India is a destination. India is a market for the future and the present. The governments of Germany, Europe, and India must have realized that we need stability and predictability as a result of the unpredictable behavior we see in many nations, including India. Businesses and markets need that,” he told news agency PTI.

Additionally, he reaffirmed Germany’s strong support for the Free Trade Agreement.

“I’m very confident that by the end of this year, we will have a fresh draft on the table as the EU and India negotiate an FTA,” he said.