In an exclusive broadcast, former Finance Secretary Subhash Chandra Garg commented on Donald Trump’s announcement of a 25% tariff plus penalties on India. Mr. Garg described the move as a pressure tactic to compel India to accept American goods, including agricultural exports, defense equipment, and energy, at low or zero tariffs. He stated that these are terms India cannot accept, as it would be seen as collapsing under pressure. Mr. Garg advised that India should not panic or concede. He recommended calling off the negotiations, stating, "We should call off the negotiations with the United States now and wait for some sanity to come from that side." He further suggested that India should continue to offer its goods without reducing prices, making it clear that American consumers would bear the burden of the tariffs. He concluded that a deal with the Trump administration is "impossible." #usindiatrade #trumptariff #tradewar #itwebvideos #scgarg #indiatoday #economicpolicy #india #usa #tariffs #tradenegotiations #donaldtrump #indianeconomy #foreignpolicy #exports #imports
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