GTRI Labels US Tariffs on Indian Imports as Hypocrisy Amid Uneven Trade Policies
The Global Trade Research Institute criticized the US for its 50% tariff on Indian imports, alleging bias against India while ignoring Chinese and EU trade with Russia. GTRI suggests India tread cautiously without immediate retaliation. The increased tariffs could potentially cut Indian exports to the US by half.
- Country:
- India
The Global Trade Research Institute (GTRI) has sharply criticized the United States for imposing an additional 25% tariff on Indian imports, calling the move 'hypocritical.' The criticism stems from Washington's perceived selective approach to trade enforcement, particularly in its dealings with allies and China, in relation to Moscow.
This denunciation followed the US announcement, which now raises the duty on Indian goods to an exorbitant 50%, effective from August 27. According to GTRI data, while India imported USD 52.7 billion of Russian oil in 2024, China imported a larger volume worth USD 62.6 billion but escaped similar tariffs.
GTRI highlighted that the US notably avoids targeting China due to its strategic leverage in critical materials essential for American defense and technology sectors. Moreover, it appeared to ignore the EU's substantial trade with Russia, including USD 39.1 billion in goods in 2024.
(With inputs from agencies.)
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