New Delhi:The Congress on Tuesday said reciprocal tariffs are a complete negation of all accepted principles of international trade and asserted that Prime Minister Narendra Modi should "summon the courage" to remind his "good friend that the T in WTO stands for Trade not Trump".
The opposition party's assertion comes after US President Donald Trump has rolled out his plan to increase US tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike. Trump has said his administration will "soon" impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Modi's recent visit to the US capital.
Congress general secretary in-charge communications Jairam Ramesh said, "Reciprocal tariffs are a complete negation of all accepted principles of international trade. Mr. Modi should summon the courage to remind his good friend that the T in WTO stands for Trade not Trump."