‘Self-goal’: Raghuram Rajan uses football analogy for Trump’s tariffs

Former RBI governor Raghuram Rajan criticised the Trump administration’s new reciprocal tariffs, calling them a ‘self-goal’ that will harm the US economy in the short term. Rajan notes that the impact on India will be relatively smaller and suggests India reduce domestic tariffs to boost trade and competitiveness despite the global trend towards protectionism.