Pak Played It Right, India Faced Tariffs for Countering Trump: Former RBI Governor Raghuram Rajan

Brief by Shorts91 Newsdesk / 02:44pm on 09 Dec 2025,Tuesday India

Former RBI Governor Raghuram Rajan said the 50% US tariffs on India were not about Russian oil, but India countering Trump’s claim of brokering the May ceasefire with Pakistan. Speaking at the University of Zurich, he added that Pakistan “played it right” and faced only 19% tariffs. Rajan said the tension was driven by Trump’s personality and India’s response to his claims. He clarified that he did not know all details but hoped “sanity prevails” in India-US relations. The tariffs followed a series of personal attacks by Trump’s aides and escalated trade tensions.

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