Your dear friend “Abki Baar, Trump Sarkar” has imposed 50% Tariffs on India, starting today.
We will lose an estimated ₹2.17 Lakh Crore as the first jolt to this Tariff, across 10 sectors alone.
Our Farmers, especially Cotton farmers, are badly hit. You had said you are ready to pay any “personal price” to protect them, but you have done absolutely nothing to soften the blow and protect their livelihoods.
Global Trade Research Initiative (GTRI) suggests that almost 1% of our GDP could be impacted, and that China would benefit. (bit.ly/4fYRYTR)
Several export-oriented important sectors, including MSMEs, will experience massive job losses. A snapshot – which is just a tip of the iceberg, reveals that —
1. Indian textile export sector is facing potential job losses of about 500,000 including both direct and indirect employment. (bit.ly/423eqVP)
2. In the Gems & Jewellery sector, 150,000 to 200,000 jobs could be at risk if the tariffs continue. (bit.ly/4p08JC8)
Close to 1,00,000 workers involved in diamond cutting and polishing across the Saurashtra region have already lost their jobs since April, when the 10% base US tariff was put in place. (bit.ly/47KNz4E)
3. Livelihoods of half a million shrimp farmers directly and another 2.5 million indirectly is at grave risk. (bit.ly/41qyTnl)
Indian National interest is supreme. A robust Foreign Policy needs substance and deft, but your superficial Foreign Policy engagements – smiles, hugs and selfies have hurt our interests.
You failed in securing a Trade Deal.
Now you are failing to protect our country.