August 8, 2025 12:05 PM
US tariffs on Indian goods “bad policy”, will hurt its own citizens: SBI report
A proposed 50 per cent tariff on Indian goods by the United States could backfire on American interests and hurt its own consumers, the State Bank of India’s research wing has said in a report. The report warns that the imposition of a 25 per cent penalty, along with a suggested additional 25 per cent on trade with India, could be a “bad policy decision” for the US and its citizens. It also makes a strong case for India to continue protecting its farmers from what it calls “predatory pr...
