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.