Former Union Home Minister P Chidambaram has criticized the US decision to impose tariffs on Indian exports and levy penalties for buying Russian oil, calling it a ‘big blow’ to India’s trade with the US. Echoing this sentiment, Shashi Tharoor highlighted that the 25% tariff, plus additional penalties, could escalate the costs significantly. Tharoor expressed concern that these measures could ‘destroy’ India’s trade with America. He underscored the necessity of diplomatic negotiations and a fair understanding of India’s trade interests in the ongoing discussions. Trump’s announcement via social media outlined the tariffs and penalties, citing India’s high tariffs and military ties with Russia.
