Raghuram Rajan (File photo)
NEW DELHI: Former Reserve Bank of India (RBI) governor Raghuram Rajan on Thursday described the Trump administration’s new reciprocal tariffs on about 60 countries as a “self-goal,” and said that the move will primarily hurt the US economy in the short run.
Rajan, however, mentioned that the impact on India would be relatively “smaller”.
US President Donald Trump has announced additional ad-valorem duties ranging from 10% to 50% on imports from all trading partners.
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The baseline 10% duty will take effect on April 5, followed by a 27% duty on April 9. Some sectors, including pharmaceuticals, semiconductors, and energy…