Kerala Finance Minister K N Balagopal 
Kerala

Kerala Finance Minister terms US tariff as 'bullying' tactic

Kerala Finance Minister K N Balagopal on Friday said the United States' recent decision to impose 50 per cent tariff on Indian goods was a "bullying tactic" to control the country's economy.

Thiruvananthapuram | Kerala Finance Minister K N Balagopal on Friday said the United States' recent decision to impose 50 per cent tariff on Indian goods was a "bullying tactic" to control the country's economy.

The minister said that the US was trying to bully India into accepting more imports from America as "our purchasing power has increased manifold".

Balagopal said the tariffs would adversely impact the export of goods, including fish products, spices, textiles, coir products, and cashews, all of which are imported in large quantities by the US.

He said that the tariffs would also affect the taxation regime of the Indian states and adversely affect the health, education, services and other sectors as well as appointments by the Public Service Commissions.

"It is aimed at controlling the Indian economy like the British did during colonisation. We should not surrender to it. We are not a weak country or economy," he contended at a press conference here.

EC announces polls schedule: Single phase in Assam, Kerala, Puducherry, TN; 2 phases in Bengal

Gulf Arab states intercept new missiles, drones as Iran threatens to widen war

Trump's call for countries to send warships to protect Hormuz brings no promises

Three company directors held in Rs 100-crore investment fraud in Kochi

AI Express cancels flights to 3 UAE cities on Sunday