Advisory to the Prime Minister (EAC-PM) member Neelkanth Mishra on Friday said in the next 6-9 months US President Donald Trump will figure out that his tariff policy is not working. On August 6, the US announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total duty to 50 per cent. The White House said the measure responds to India’s continued purchase of Russian oil. “It is reasonably clear that in the next 6-9 months, they will figure out that it (tariff policy) is not working,” Mishra said while speaking at the Business Today India@100 event.

 

He noted that US’ decision to announce additional 25 per cent tariff on all Indian imports is an attempt to break away from India. “This Trump regime is acting in a way that it is very hard to understand who is taking decisions,” Mishra said. Speaking at the same event, former Deputy Chairman of erstwhile Planning Commission Montek Singh Ahluwalia said Trump has upended the rule-based trading system and is acting like a bully.