Modi & Trump Giving Their Economies Self-Inflicted Wounds: Jairam
The recent global market crash, triggered by the White House’s announcement of tariffs, has left many economists and experts worried about the future of the world economy. Amidst the chaos, Congress leader Jairam Ramesh decided to speak up and express his concerns about the reckless decisions of two world leaders – Indian Prime Minister Narendra Modi and US President Donald Trump.
In a scathing tweet, Jairam Ramesh said, “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.” His remarks come at a time when the Indian stock market is reeling from the impact of the global market crash. The Sensex opened over 3,900 points lower, while the Nifty opened over 1,000 points below.
Jairam Ramesh’s comments are not without merit. Both Modi and Trump have been known for their protectionist policies, which have led to a series of trade wars and economic tensions around the world. The latest tariffs announced by the White House are a case in point. The move is expected to have a significant impact on global trade, and could lead to a recession in the coming years.
The Indian economy is already struggling to recover from the impact of demonetization and the Goods and Services Tax (GST). The country’s growth rate has been slowing down, and the latest market crash has only added to the woes of the economy. The Sensex has been on a downward trend for several months now, and the latest crash has pushed it to a 14-month low.
The US economy, too, is facing its own set of challenges. The country’s growth rate has been slowing down, and the latest tariffs could lead to a recession in the coming years. The US-China trade war has already had a significant impact on the global economy, and the latest tariffs are expected to further worsen the situation.
Jairam Ramesh’s comments are a wake-up call for both Modi and Trump. It’s high time that they realized the impact of their protectionist policies on the global economy. Instead of focusing on short-term gains, they should be working towards creating a more stable and predictable economic environment.
Modi’s government has been criticized for its lack of transparency and accountability. The latest market crash is a result of the government’s failure to address the economy’s fundamental issues. The country’s growth rate has been slowing down, and the latest crash has only added to the woes of the economy.
Trump, too, has been criticized for his handling of the economy. His protectionist policies have led to a series of trade wars, and the latest tariffs are expected to further worsen the situation. The US economy is already facing its own set of challenges, and the latest tariffs could lead to a recession in the coming years.
In conclusion, Jairam Ramesh’s comments are a timely reminder of the importance of responsible economic leadership. Modi and Trump must realize the impact of their protectionist policies on the global economy and work towards creating a more stable and predictable economic environment. The latest market crash is a wake-up call for both leaders, and it’s high time that they took concrete steps to address the economy’s fundamental issues.
Source: https://x.com/Jairam_Ramesh/status/1909116322992009326
