Congress leader Shashi Tharoor said on Thursday that India should increase tariffs on US goods by 50 percent in response to an additional 25 percent tariff on Indian exports.
Tharoor questioned why India should stop at the current 17 percent tariff and emphasized that the country should not be afraid of such works. He also said that no country should be allowed to threaten India in this way.
Talking to reporters, Shashi Tharoor said, “It will definitely have an impact because we have a trade of $ 90 billion with them, and if everything becomes 50% more expensive, the buyers will also think why they should buy Indian things? … If they do this, we should also impose 50% tariff on American exports …
He said, “Our average tariffs on American goods are 17%. Why should we stop at 17%? We should increase it by 50%… We need to ask them, do they not give importance to our relationship? If India doesn’t matter to them, they also don’t mind them too,” he said.
Earlier, US President Donald Trump signed an executive order on 6 August, which imposed an additional 25 percent tariff on imports from India. Trump cited matters of national security and foreign policy concerns as well as other relevant trade laws, claiming that India’s imports, directly or indirectly, create “unusual and extraordinary threats” to the United States.
Saying the United States move to impose additional tariffs on India on its oil imports from Russia, as “unfair, inappropriate and unfair,”, the Ministry of External Affairs (Mea) announced that New Delhi would take all the tasks necessary to protect their national interests.
In further development, a senior United States official told ANI that there is “no comparison” between hundreds of billions of dollars of dollars of increasing Indian imports of Russian oil and dandruff goods.
In response to a question, the US official told ANI, “There is no comparison between hundreds of billions of dollars of rising Indian imports of Russian oil, and minor American imports of Russian goods, which is less than 1% of the value of Indian imports”. (AI)
