Congress leader Shashi Tharoor and other opposition leaders, while reacting to the US President Donald Trump’s latest announcement on additional 25 per cent tariffs on Indian goods, stated that the move is likely to impact Indian economy. Tharoor stated that the additional tariff will make Indian goods unaffordable to the Americans, adding that several Indian competitors, including Pakistan, Vietnam, and Indonesia have lower tariffs in comparison to India.
“I don’t think that’s particularly good news for us and that takes our total tariffs to 50 per cent then that’s going to make our goods unaffordable to a lot of people in America and in particularly when you’re looking at these percentages you have to compare them with the tariffs being levied on some of our competitors. I’m afraid that if you look at people like Vietnam, Indonesia, Philippines, even Bangladesh and Pakistan have lower tariffs than us, then ultimately people will not be buying goods from us in America if they can buy them cheaper elsewhere,” Tharoor was quoted as saying by ANI.