After President Donald Trump claimed that India would significantly cut its tariffs, the Congress party reacted sharply. They criticized the Modi government’s trade approach, calling it “disastrous.” Congress spokesperson Pawan Khera questioned why India couldn’t negotiate a temporary pause on U.S. tariffs like Mexico and Canada did.
Khera emphasized that this policy could further harm India’s economy, especially the “Make in India” initiative and the Aatmanirbhar Bharat plan. He expressed concern that these concessions could end up undermining these crucial economic strategies.
During a recent speech in the Oval Office, Trump highlighted the high tariffs imposed by India, stating that they make it nearly impossible for American businesses to sell products there. He noted that India was now willing to lower these tariffs as they were being “exposed” for their restrictive trade practices.
Khera pointed out that it’s concerning if the Indian government is yielding to pressure from Trump. He questioned whether Union Minister Piyush Goyal, who is currently in the U.S. for trade negotiations, signed any agreement under pressure from the U.S. government. Khera compared India’s situation to that of Mexico and Canada, asking why India could not secure a similar pause regarding tariffs.
He highlighted the long-standing and strong relationship between India and the U.S., mentioning how past leaders like Manmohan Singh and George W. Bush worked together on agreements that benefited both nations. In contrast, Khera argued that Modi’s government seems to be allowing Trump to dictate terms.
Khera warned that high U.S. tariffs could have dire consequences for India, particularly for Micro, Small, and Medium Enterprises (MSMEs), which play a significant role in the country’s exports. He raised concerns that India’s GDP might suffer, and the rupee could weaken further. Additionally, he pointed out potential challenges for Indian agriculture, particularly in terms of competitiveness and non-tariff barriers.
He explained that if the U.S. raises tariffs on certain products in response, it could significantly affect exports of processed food from India. There’s also a risk that cheaper Chinese goods could flood the Indian market, putting local manufacturers at a disadvantage, especially in industries like textiles, pharmaceuticals, and auto parts.
Khera urged PM Modi to clarify why India seems to be compromising its national interests and questioned the purpose of Goyal’s visit to the U.S. in light of the tariffs. He concluded by questioning whether it would be better to endure reciprocal tariffs rather than reduce India’s tariffs.
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