Overview
- The Trump administration has leveraged emergency trade powers to raise reciprocal duties on Indian imports to a combined 50%, citing New Delhi’s energy and defense links with Russia.
- Sachs condemned the surcharge as “stupid,” warned it violates international law and said it inflicts harm on the U.S. economy and political institutions.
- He characterized President Trump as “delusional,” predicting the measures will isolate the United States and strengthen the BRICS alliance.
- India’s government has officially protested the levies, announced plans for a WTO challenge and is preparing targeted counter-tariffs in key sectors.
- Sachs advised India to expand partnerships with China, Russia and Brazil rather than rely on Washington for long-term strategic security or trade gains.