Reciprocal Tariffs Baffling; Some Adverse Effects Will Be On India: Kaushik Basu

New Delhi: Former World Bank Chief Economist Kaushik Basu on Sunday described the recip-rocal tariffs imposed on approximately 60 countries by the Trump administration as baffling, say-ing that while these tariffs will have some adverse effects on India, the major impact will be felt in the US. Basu further said that it is also not really a reciprocal tariff as the Trump administra-tion calls it, it is based on the trade deficit the US has with India.