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Ongole (Andhra Pradesh), Aug 7 (PTI) Andhra Pradesh BJP chief PVN Madhav on Thursday said that US President Donald Trump's high tariffs on India will only hurt his country more and noted that highly popular Prime Minister Narendra Modi will solve all problems very smartly.
Madhav's comments come a day after Trump slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil.
Addressing a meeting over tea as part of 'Chai pe charcha' in Ongole, the BJP chief highlighted that India will achieve great development as part of the 'Make in India' initiative.
"There is a possibility of more damage happening to America by the actions of President Donald Trump. Now India may face temporary difficulties, but it will achieve great development under Make in India (programme)," said Madhav.
The highly popular PM Modi will solve all problems very smartly. He will ensure that India does 'not suffer losses' from the US, the BJP leader said.
Sipping tea, Madhav noted that small incidents can lead to big changes. PTI STH KH
Trade tariffs risk harming the imposing country more, while domestic industrial policy aims to mitigate impact and boost growth. The article reports that a senior political leader characterised newly imposed high US import tariffs on goods from India as punitive and ultimately more damaging to the imposing country, while acknowledging potential short term difficulties for India; he emphasised that India's Make in India industrial strategy and government action will mitigate disruptions and support longer term development.Press 'Enter' after typing page number.