Indian-American Lawmakers Criticize Trump’s Reciprocal Tariffs as Harmful
Indian-American lawmakers have condemned Trump’s reciprocal tariffs on India as harmful and counterproductive, warning they will increase consumer prices and weaken trade relations. They urge dialogue between nations to mitigate economic fallout and protect American families from rising costs.
Indian-American lawmakers and members of the diaspora criticized President Trump’s recent reciprocal tariffs on India, labeling them as “reckless and self-destructive.” These tariffs, which include a 26% rate on Indian goods, were introduced as a retaliatory measure to counteract high import duties on U.S. products imposed by various countries. Critics argue these tariffs will diminish the competitiveness of Indian exports in the U.S. market.
Congressman Raja Krishnamoorthi emphasized the negative impact of the tariffs on American families, asserting they serve as a hidden tax that benefits only the wealthy. He warned that such measures could lead to increased financial distress for small businesses and consumers, and isolate the U.S. globally while empowering adversaries. Krishnamoorthi called for ending these “disastrous” policies to avoid a potential recession.
Congressman Ro Khanna expressed similar concerns, criticizing the abruptness and lack of strategy behind the tariffs. He highlighted that these measures would lead to rising prices for essential goods, housing, and maintenance, fostering economic uncertainty. Khanna noted the risk of stagflation as businesses hesitate to invest amid dwindling stock market confidence.
Dr. Ami Bera articulated that the tariffs would ultimately burden consumers rather than provide economic benefits, which he termed a “tax hike” rather than a tax cut. Ajay Bhutoria, a former Biden advisor, stressed the broader implications of these tariffs, warning they could compromise the competitiveness of Indian goods and push up costs for American consumers significantly.
Wendy Cutler from the Asia Society Policy Institute pointed out that the tariffs would shock trading partners and negatively affect the U.S. economy through higher prices and reduced growth. She stressed that allies are facing similar treatments as rivals, which could exacerbate tensions and economic challenges globally, potentially driving nations to seek diversified markets and countermeasures.
The imposition of reciprocal tariffs by President Trump has led to widespread criticism from Indian-American lawmakers and economic experts. These tariffs are projected to harm both Indian and American economies by making certain goods less competitive and increasing prices for consumers. With calls for dialogue and strategic policymaking, it remains vital to assess the long-term implications on U.S.-India relations and global trade dynamics.
Original Source: www.ndtv.com
