Name: U.S. 50% tariff on India a 'wake-up call' for global supply chain integration
Uploaded: 2025-08-29T20:19:04+08:00
Duration: 1 min 2 s
Description: The United States recently imposed a 50 percent tariff on Indian exports. Raghuram Rajan, former governor of the Reserve Bank of India, said in an interview that such a steep tariff would be a heavy blow to U.S.-India trade relations. It not only undermines

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The United States recently imposed a 50 percent tariff on Indian exports. Raghuram Rajan, former governor of the Reserve Bank of India, said in an interview that such a steep tariff would be a heavy blow to U.S.-India trade relations. It not only undermines the interests of India's small and medium-sized exporters but also adds to the cost burden for U.S. consumers. He further emphasized that the tariff should serve as a wake-up call for India: the country must avoid overreliance on any single market and accelerate its integration into a more diversified global supply chain.