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India Is Not a Tariff King, FM Nirmala Sitharaman Asserts
Mint Chennai
|June 25, 2025
Trump first called India 'tariff king' in 2019 and subsequently this year in February
Finance minister Nirmala Sitharaman on Tuesday rebutted the label of "tariff king" often used by US President Donald Trump for India, and said the country's effective tariff rates are far lower than they appear.
Speaking at the Exim Bank Trade Conclave 2025 in the national capital, the minister said India seeks parliamentary approval for setting tariffs at a certain level, but the effective rates notified are much lower than the ceiling approved. This creates the impression abroad that India's import tariffs are high.
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