Trump's Tariff Tactics: Economic Blackmail or Necessary Measure?
Rahul Gandhi criticizes US President Donald Trump's 50% tariff on Indian goods as economic blackmail. Trump's decision, part of an effort to pressure India into an unfair trade deal, includes additional penalties for India's purchase of Russian oil. The tariff affects major Indian export sectors.
- Country:
- India
In a bold statement against international trade practices, Leader of Opposition Rahul Gandhi has labeled US President Donald Trump's recent tariff on Indian goods as 'economic blackmail.' Trump's decision, set to impose a 50% tariff, is intended to pressure India into conceding to an unfair trade agreement.
The tariff includes a newly announced 25% additional penalty specifically aimed at India's oil transactions with Russia. This measure follows President Trump's executive order addressing what he perceives as undue threats from the Russian Federation.
Gandhi has urged Prime Minister Narendra Modi to protect Indian interests, cautioning against policies that could harm key sectors like textiles, marine, and leather exports. As the tariffs take effect, the economic implications for these industries could be significant.
(With inputs from agencies.)
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