NextFin news, Former Reserve Bank of India Governor C. Rangarajan publicly criticized the tariff and economic policies enacted by former U.S. President Donald Trump on Friday in New Delhi. Rangarajan described these policies as self-destructive, highlighting concerns over their impact on global trade and economic stability.
Speaking at an economic forum held in New Delhi, Rangarajan emphasized that the tariffs imposed by the Trump administration disrupted established trade relationships and created uncertainty in international markets. He pointed out that such protectionist measures could lead to retaliatory actions and ultimately harm the economies involved.
The former RBI governor's comments come amid ongoing debates about the effectiveness and consequences of Trump's economic strategies, particularly his use of tariffs as a tool to protect domestic industries. Rangarajan's critique adds a notable voice from the global economic community, reflecting apprehensions about the long-term effects of such policies.
The forum in New Delhi where Rangarajan spoke gathered economists and policymakers to discuss current global economic challenges. His remarks were reported by the Hindustan Times, citing his direct statements on the matter.
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