Indian-American Lawmakers Denounce Trump’s Reciprocal Tariffs

Indian-American lawmakers condemned President Trump’s reciprocal tariffs imposed on India, describing them as reckless. The tariffs, set at 26%, are expected to harm global trade relations and American consumers alike. Lawmakers urge for dialogue to address the negative repercussions on both economies and to avoid potential recession.

The Indian-American lawmakers in the U.S. Congress and members of the diaspora community express strong criticism toward President Donald Trump’s newly implemented reciprocal tariffs, labeling them as “reckless and self-destructive.” They are advocating for leaders in both nations to engage in constructive dialogue to navigate these issues effectively. The recent announcement by President Trump imposed a 26 percent reciprocal tariff on Indian imports, a move he justified by stating that India charges a higher tariff on American goods.

Congressman Raja Krishnamoorthi emphasized that these blanket tariffs essentially act as a tax on American families, benefitting only the wealthiest citizens. He described the tariffs as “reckless and self-destructive,” arguing they would financially burden citizens already facing economic challenges. Furthermore, he warned that this policy isolates the United States globally, weakening relations with allies and strengthening adversaries, even as American consumers bear the financial consequences.

Congressman Ro Khanna, in a social media post, described the tariffs as a troubling economic measure, implying a lack of strategic planning and consultation. He highlighted the resultant price increases across various sectors, including automobiles and groceries, leading to market uncertainty. He stressed concerns regarding potential recession and stagflation induced by what he deemed as incoherent economic policies.

Indian-American Congressman Dr. Ami Bera further criticized the tariffs, asserting that they would not contribute to American wealth and would translate into increased costs for consumers, not tax relief. Ajay Bhutoria, a former advisor to President Joe Biden, noted that the 26% tariff could significantly affect both American consumers and Indian exporters, jeopardizing industries and impacting exports, particularly in textiles and pharmaceuticals.

Wendy Cutler, Vice President at the Asia Society Policy Institute, indicated that such tariff measures could adversely affect U.S. economic stability, leading to higher consumer prices and decelerated economic growth. She reflected on how U.S. partners, like South Korea and Taiwan, would also feel the brunt of these tariffs, prompting them to consider countermeasures in response to these trade imbalances. This could ultimately disrupt global supply chains and harm international economic relations, with the resultant drop in trade flows affecting investment and business operations.

In summary, Indian-American lawmakers have strongly criticized President Trump’s reciprocal tariffs as harmful and short-sighted economic policies. These tariffs are anticipated to adversely affect both American consumers and Indian exporters, potentially disrupting bilateral trade relations and global economic stability. The call for dialogue between leaders of the United States and India is essential to mitigate the impact of such policies and restore economic cooperation.

Original Source: www.ndtv.com