Former Reserve Bank Governor Raghuram Rajan brought in a new perspective regarding the imposition of US tariffs and stated that the import of Russian oil was not the central reason for the Donald Trump administration’s hefty 50 percent tariff on Indian goods. However, the former RBI Governor linked how New Delhi handled comments made by the US President over the military truce with Pakistan following Operation Sindoor.

Speaking at an event at the University of Zurich, Rajan claimed the US imposed a 50 per cent tariff on India because it did not endorse Trump’s version of events, while Pakistan “played along" and got 19 per cent.

“Russian oil wasn’t the issue. I think the central issue was more personalities, especially a personality in the White House and how they treated certain comment

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