On The News Today, leading economist Professor Jeffrey Sachs discusses the escalating tariff war initiated by the Donald Trump administration against India. The discussion covers the 50% tariffs on Indian goods, including a 25% tariff tied to India’s oil purchases from Russia. Professor Sachs describes the US policies as self-destructive, stating, “He’s shooting America in the foot, my country.” He argues that these measures are uniting the BRICS countries and isolating the United States. Sachs advises India to highlight the absurdity of the penalty tariff, diversify its trade partnerships with regions like Southeast Asia and Africa, and to work on settling disputes and improving trade relations with China. The programme also addresses the immediate impact of these tariffs on Indian export sectors like textiles, gems, and jewelry.
Credit to : India Today