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Tariffs on India will lead to trade war: US Congressman-elect Subramanyam

By Business Standard - 13 hours ago
US Congressman-elect Suhas Subramanyam has said he is opposed to imposing tariffs on India as it will lead to a trade war between the two countries. Subramanyam's comments came amid the likelihood of higher tariffs on Indian exports by the new Trump administration. I don't support (imposing) tariffs on India. I think that would be really bad. It would lead to a trade war. And I don't think it's good for either country, Subramanyam told PTI in an interview. Ahead of his election as US President, Donald Trump had taken a potshot at India's tariff structure and talked about imposing reciprocal tax on countries like China and India. With Trump set to assume charge as US president, there is a likelihood of higher tariffs on Indian exports. There's a lot of businesses that do really great work in India and a lot of Indian companies are expanding to the US. So the more our countries work together economically, the stronger we'll be, Subramanyam said. Getting ready to be sworn in as a me

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