Modi & Trump Giving Their Economies Self-Inflicted Wounds: Jairam
The global markets have been sent into a tailspin after the White House announced tariffs on Chinese goods, sparking a sharp decline in international trade and economic growth. In the midst of this chaos, Congress leader Jairam Ramesh lashed out at Prime Minister Narendra Modi and US President Donald Trump, accusing them of deliberately inflicting wounds on their respective economies.
In a strongly worded tweet, Jairam Ramesh stated, “It’s no wonder that Mr. Modi and Mr. Trump describe themselves as good friends. Both are experts in giving their economies self-inflicted wounds.” The Congress leader’s scathing criticism comes as the Sensex opened over 3,900 points lower, while the Nifty opened over 1,000 points below.
The White House’s decision to impose tariffs on Chinese goods has sparked a trade war between the two economic powerhouses, leading to a sharp decline in international trade and economic growth. The impact of this decision has been felt globally, with many countries experiencing a sharp decline in trade and economic activity.
Jairam Ramesh’s criticism of PM Modi and President Trump is not unfounded. The two leaders have been accused of adopting protectionist policies, which have led to a decline in international trade and economic growth. The tariffs imposed by the White House on Chinese goods are a prime example of this protectionist approach.
The tariffs imposed by the White House are a direct result of the ongoing trade tensions between the US and China. The trade tensions between the two countries have been simmering for months, with both sides refusing to back down. The tariffs imposed by the White House are a clear attempt to assert American economic dominance, but they have come at a significant cost.
The impact of the tariffs imposed by the White House has been felt globally, with many countries experiencing a sharp decline in trade and economic activity. The European Union, Japan, and South Korea have all been affected by the tariffs, with many countries experiencing a decline in exports and economic growth.
The tariffs imposed by the White House have also led to a decline in international cooperation and diplomacy. The trade tensions between the US and China have led to a decline in diplomatic relations between the two countries, with many countries refusing to take sides. The lack of international cooperation and diplomacy has made it difficult for countries to address the trade tensions and find a solution.
Jairam Ramesh’s criticism of PM Modi and President Trump is not the first time that the two leaders have been accused of adopting protectionist policies. Both leaders have been accused of prioritizing their own economic interests over the global economic well-being.
The tariffs imposed by the White House are a clear example of this protectionist approach. The tariffs are designed to protect American industries and jobs, but they have come at a significant cost. The tariffs have led to a decline in international trade and economic growth, with many countries experiencing a decline in exports and economic activity.
The protectionist approach adopted by PM Modi and President Trump has also led to a decline in international cooperation and diplomacy. The decline in international cooperation and diplomacy has made it difficult for countries to address the trade tensions and find a solution.
In conclusion, Jairam Ramesh’s criticism of PM Modi and President Trump is well-founded. The two leaders have adopted protectionist policies, which have led to a decline in international trade and economic growth. The tariffs imposed by the White House are a clear example of this protectionist approach, and they have come at a significant cost.
The impact of the tariffs imposed by the White House has been felt globally, with many countries experiencing a decline in trade and economic activity. The decline in international cooperation and diplomacy has made it difficult for countries to address the trade tensions and find a solution.
It is time for PM Modi and President Trump to rethink their protectionist approach and adopt policies that promote international cooperation and economic growth. The global economy is facing a significant challenge, and it is up to the leaders of the world to address this challenge and find a solution.
Source: https://x.com/Jairam_Ramesh/status/1909116322992009326
