Donald Trump Tariffs: US-China trade deal good for India – Raghuram
Economists are reacting strongly to the import tariffs announced by US President Donald Trump . Former Reserve Bank Governor Raghuram Rajan has described the decision as a “self-defeating” move . He said it is a self-defeating move for the US economy. He warned that these policies, which undermine the international trading system, could lead to global economic instability.
Economists are reacting strongly to the import tariffs announced by US President Donald Trump . Former Reserve Bank Governor Raghuram Rajan has described the decision as a “self-defeating” move . He said it is a self-defeating move for the US economy. He warned that these policies, which undermine the international trading system, could lead to global economic instability.
Strategic opportunities for India
Raghuram Rajan believes that in the context of the trade war between the US and China, India can find many opportunities if it acts strategically. He said that the Indian government should create a conducive environment to attract international companies that want to diversify their business operations from China. He suggested that the right policies should be implemented for this.
Focus on trade relations
Speaking on the occasion, Raghuram Rajan explained, "India should hold talks with major countries like China, America, and Japan. It should actively participate in multilateral trade agreements. Cooperation should be increased in trade routes. This can attract foreign investment and create new opportunities for domestic industries."
Tariff reduction on imports is needed.
Rajan suggested that tariffs on imports should be reduced to attract foreign companies. He said that high tariffs are not good for domestic manufacturing and will ultimately burden consumers. He said that due to low import duties, a competitive environment will be created and Indian industries will be encouraged to produce quality products at low prices. Raghuram Rajan clarified that this will boost domestic economic growth.
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