Goyal Urges Modi: Retaliatory Tariffs Against US Imports
The Chairman of the Confederation of Indian Traders (CIT), Brijesh Goyal, has written to Prime Minister Narendra Modi, advocating for immediate and decisive action against the United States. Goyal’s letter, dated August 7, 2025, highlights concerns over unspecified trade practices.
He strongly recommends the imposition of retaliatory tariffs on US goods as a strategic countermeasure. This, Goyal argues, is necessary to protect Indian businesses and safeguard the nation’s economic interests.
The letter emphasizes the urgency of the situation and the need for a robust response to what it describes as unfair trade practices from the US. Specific details of these practices remain undisclosed.
The CIT represents a vast network of Indian traders. Goyal’s call for retaliatory tariffs carries significant weight and could significantly impact India-US trade relations. The government’s response to this appeal will be keenly observed by businesses and economists alike.