After US President Donald Trump imposed double tariff on Indian imports, Congress President Mallikarjun Kharge targeted Prime Minister Narendra Modi on Wednesday and said that this move of his “dear friend” would lead to a loss of Rs 2.17 lakh crore as the first blow in 10 areas alone. In a post on X, Kharge said that the Modi government has done nothing to reduce this effect and protect the livelihood of farmers.
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Kharge further said that your dear friend “This time, Trump Sarkar” has imposed 50% tariff on India from today. As the first shock of this tariff, in 10 areas alone, we will have an estimated ₹ 2.17 lakh crore. Our farmers, especially cotton -producing farmers, have been badly affected. You said that you are willing to pay any personal price to protect them, but you have done nothing to reduce this shock and protect their livelihood.
The Congress President, citing the report of Global Trade Research Initiative (GTRI), said that due to the tariff, India will suffer one percent loss of its GDP and will benefit China. He also attracted attention to the loss of jobs in major areas and said that American tariffs are affecting MSME (micro, small and medium enterprises). Kharge said that Global Trade Research Initiative (GTRI) suggests that about 1% of our GDP may be affected, and this will benefit China. Many export-oriented important areas, including MSME, will cause large-scale jobs.
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Continuing his attacks on the Center, the Congress chief said that the Indian textile sector could cause potential loss of 5,00,000 jobs, while gems and jewelery sectors could lead to 1,50,000 to 2,00,000 jobs. Kharge said, “There is a possibility of loss of about 5,00,000 jobs including both direct and indirect employment in the Indian textile export sector. If tariffs continue, 1,50,000 to 2,00,000 jobs may be in danger in the gem and jewelery sector. Since the implementation of 10% Aadhaar Aadhaar Aadhaar in April, there are about 1,00,000 laborers in the Saurashtra sector.