'Like a mouse killing an elephant...', American economist rebuked Trump over tariffs imposed on India

News Topical, Digital Desk : America has announced to impose 50 percent tariff on India. This tariff has come into effect from last Wednesday. Meanwhile, many people in America have termed Trump's tariff decision as wrong.

Meanwhile, American economist Richard Wolff has even said that while the US is acting like the toughest man in the world against India, it is shooting itself in the foot by insisting on making BRICS an economic alternative to the West.

'Like a mouse punching an elephant'

American economist Richard Wolff said that India is the world's largest democracy. He explained that the US telling India what it should do is like a mouse punching an elephant.

'India will export to somewhere else instead of America'

In an interview to Russia Today, American economist Wolf said that if America closes its doors to India, then India will find some other place to export its products. He claimed that this step will strengthen BRICS including India. He also said that just like Russia has found a new market to sell and buy its energy, India will sell its goods to the rest of the BRICS countries instead of America.

Wolf said during his podcast that if you take China, India, Russia and BRICS, then the share of these countries in global production is close to 35 percent. At the same time, the share of G7 has decreased to only about 28 percent.

Trump has imposed 50 percent tariff on India

It is worth mentioning that US President Donald Trump has imposed a 50 percent tariff on India as a penalty for buying oil from Russia. The new tariff rates have come into effect from last Wednesday. Let us tell you that this tariff of Trump has been imposed on most of the products. It is worth mentioning that Trump has accused India of funding Russia to attack Ukraine.

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