Trump's tariffs unfortunate, a blow to India-US ties: Raghuram Rajan

In an exclusive interview with India Today's Consulting Editor Rajdeep Sardesai, former RBI Governor Raghuram Rajan called Trump's 50% tariffs on Indian goods, which kicked in on Wednesday, unfortunate and a big blow to India-US relationships. 

Raghuram Rajan said, "It's unfortunate. It is deeply distressing that this should have happened. It is a blow to US-India relationships. It is certainly very, very harmful for small Indian exporters, our shrimp producers."

He further said, "It is also a wake-up call for us. Let us not become overly dependent on any single country. Let us ensure we're part of the global supply chains across the world. Let us look east. Let us look to Europe.  Let us look to Africa, including what we're also already doing with the US."