Raghuram Rajan lists three reasons why he feels Trump imposed 50% tariffs on India
Ex-RBI Governor Raghuram Rajan said he feels US President Donald Trump imposed 50% tariffs on India believing that trade deficits signify exploitation by other countries. Trump's rationale behind tariffs includes view that tariffs bring in cheap revenues and that they can be used as punitive foreign policy instruments, Rajan told India Today. "It's essentially exercise of power," he added.