Deepinder Goyal's Recipe To Counter Trump Tariff Hike — 'Become Unapologetic Superpower'

US President Donald Trump has slapped an additional 25% tariffs on India for the purchase of Russian crude oil.

Zomato Co-Founder and Chief Executive Officer Deepinder Goyal. (Photo source: Zomato)

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Summary is AI Generated. Newsroom Reviewed

  • US President Trump raised trade tariffs on India from 25% to 50% on Russian crude oil imports
  • The additional 25% tariff follows a prior 25% reciprocal tariff announced by Trump on India
  • India's products constitute only 2.7% of total US imports, despite the high cumulative tariffs

With US President Donald Trump raising trade tariffs on India from 25% to 50% on Wednesday, the question on everyone's mind is how should India respond to it. Prime Minister Narendra Modi has said that his government will stand with Indian farmers and the External Affairs Ministry has called the new tariffs unfair.

Reacting to the developments, Zomato founder, Deepinder Goyal has weighed in and said that the country should strive to become an unapologetic superpower.

In his post on X, Goyal shared how every few years the world always tries to bully India through some way or the other, after United States President Donald Trump slapped an additional 25% tariff on India for the purchase of Russian crude oil on Wednesday.

"Every few years, the world reminds us of our place. A threat here, a tariff there. But the message is the same: stay in your lane, India. Global powers will always bully us, unless we take our destiny in our own hands," he wrote on X.

Also Read: 'Dangerous To Be US' Enemy But...' — Nilesh Shah On Trump Hiking Tariff On India

"And the only way to do that is if we collectively decide to become the world's largest most unapologetic superpower in the world. In economy, in technology, in defense, and most importantly, in ambition," he said.

US President Donald Trump has slapped an additional 25% tariffs on India for the purchase of Russian crude oil, the White House said on Wednesday. This comes a week after Trump announced 25% reciprocal tariffs against India, starting from Aug. 7, citing the country's "trade barriers" and the wide deficit in the India-US trading relations.

India has been hit with a cumulative 50% tariffs, while products from the country make up only 2.7% of US imports, as per the data compiled by NDTV Profit Research.

The cumulative tariff on India, is at par with the import levies imposed by the Trump administration against Brazil.

Also Read: Trump Tariff Impact: Apparel, Textiles, Diamonds, and Organic Chemicals Among Most Affected Sectors

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Shreya Sur
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