Former Reserve Bank of India (RBI) governor Raghuram Rajan recently criticized the Trump administration’s new reciprocal tariffs, labeling them a ‘self-goal’ that could potentially harm the US economy in the short term. Rajan highlighted that while the impact on India may be lesser, it is essential for the country to consider reducing domestic tariffs to enhance trade and competitiveness, especially amidst the prevailing global trend towards protectionism. The renowned economist’s insights shed light on the potential consequences of such trade policies and emphasize the importance of strategic economic decisions in navigating the current international trade landscape.