Impact of Trump's Tariffs on Indian Employment and Exports
Congress leader Shashi Tharoor criticizes US President Donald Trump's tariffs, affecting Indian exports and causing significant job losses, especially in the gems, jewellery, seafood, and manufacturing sectors. Tharoor urges diversification of export markets and political ties, while questioning the fairness of US policies.
- Country:
- Singapore
Senior Congress leader Shashi Tharoor described U.S. President Donald Trump as a 'mercurial' figure whose tariff policies have started to adversely impact Indian businesses.
With the U.S. imposing a 50% tariff on Indian goods, including a penalty related to Russian oil purchases, Tharoor emphasized job losses in sectors like gems, jewellery, and seafood.
He advocated for market diversification and questioned America's selective sanction policies, calling for consistent global standards. At a conference in Singapore, Tharoor highlighted the significance of the real estate sector in India's growing economy.
(With inputs from agencies.)
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