"No Indian Company Will Be Viable In Exporting To US At 75%": Shashi Tharoor Slams Trump's Tariff Threat
On 25% tariff announced by the US on trade partners of Iran, former MoS MEA and Congress MP Shashi Tharoor said, "I have always been troubled about these tariffs because even the very first 25% that was given to India was a problem because all the other economies, our rivals in South East Asia, who are competing with us in terms of labour-intensive industries that we produce, that we export to America - like gems, jewellery, marine products, shrimp, leather, all these kinds of goods; countries like Vietnam, Thailand, Indonesia and even Pakistan and Bangladesh were all given tariff between 15% and 19%. So, the 25% was already a problem. Now, you have 25% more for Russian sanctions which takes it up to 50% and if there are 25% more in Iranian sanctions, that it takes it up to 75%. So, let's face it, no Indian company will be viable in exporting to America at 75%. "
