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Jeffrey Sachs criticized Trump’s decision of imposing 50 per cent tariff on Indian imports. He said that US politicians does not care at all about India and it is a great power.
American Economist Jeffrey Sachs calls Donald Trump’s tariffs ‘unconstitutional’
Noted economist Jeffrey Sachs said “US politicians does not care about India” and “it is a great power” that would not reap any security benefits by siding with US in a quad against China. Sachs reacted to US President Donald Trump’s 50 percent tariff imposition on imports from India.
In an interview with Hindustan Times, Sachs said, “US politicians don’t care at all about India. Please understand this. India is not going to reap long-term security by siding with the United States in the Quad against China. India is a great power that has an independent standing in the world. Everything that Trump is doing on tariffs is unconstitutional.”
After imposing 50 per cent tariff on Indian imports, US President Donald Trump has also ruled out any trade talks between the two countries until the tariff issue is resolved. “No, not until we get it resolved,” Trump said in the Oval Office on Thursday.
Trump reacted sharply on India’s oil and arms deal with Russia. “I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” Trump had said in a social media post on August 3.
Pominent American Congressman Representative Gregory Meeks, a Democrat, meanwhile, said Trump’s latest ‘tariff tantrum’ risks years of careful work to build a stronger US-India partnership.
Over the last few months, India and the US have held several rounds of negotiations for a bilateral trade deal, but it could not be sealed in view of sharp divergences in certain critical areas, including agriculture and dairy.
The next round of bilateral talks for an initial trade agreement was scheduled to be held in August 25 in New Delhi, two days before the 25 per cent penalty on India, which is on top of a 25 per cent tariff, for continued purchase of Russian oil kicks in.
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Washington D.C., United States of America (USA)
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