NEW DELHI: The Congress on Saturday once again targeted Prime Minister Narendra Modi over the recently finalised interim trade agreement, earlier this month, between India and the United States, which took nearly a year to reach mutual consensus. The largest opposition partyโs attack on PM Modi came after the US Supreme Court struck down Donald Trumpโs tariffs, a key weapon of the trade policy pursued under the MAGA supremo.In a post on X, the party outlined what it called the story of a โtrade deal and compromised PM,โ listing key developments after the top courtโs decision. Referring to the Friday’s ruling, the Congress said that the US Supreme Court had struck down Trumpโs reciprocal tariffs, after which he invoked Section 122 of the Trade Act of 1974 to impose a fresh 10 per cent global tariff on imports.
The grand old party claimed that the ruling would mean India now faces a 10 per cent tariff rate, while also pointing to the interim trade deal announced earlier this month that fixed tariffs on Indian goods at 18 per cent. It further alleged that “India committed to reducing tariffs on various US goods to 0% and buying goods worth $500 billion over 5 years from the US”Congress also raised a series of pointed questions about the trade pact signed between New Delhi and Washington.โWhat was the rush to plead for a trade deal, bending backwards and agreeing to an anti-India deal?โ the party asked.โThe trade deal had been pending for months, why did Modi push for it suddenly and agreed on a 30 min phone call?โ it said, questioning the timing of the agreement.The Congress further asked, โWhy did we agree to huge imports from US, and reducing tariff on its products to zero?โ It also questioned the impact on the agricultural sector, asking, โWhy did we agree to sacrifice the interests of our farmers?โRaising concerns over data and energy security, the party said, โWhy did we agree to giving all our data on a platter to the US?โ and โWhy did we compromise our energy security by agreeing not to buy Russian oil?โIt also took aim at the tariff structure under the deal, asking, โHow foolish were we to celebrate a 6X increase in our tariff from under 3% to 18%?โโThe answer to all these and other questions is a COMPROMISED Prime Minister,โ the Congress alleged. Meanwhile, the PM Modi-led government said it is closely examining the implications of the US Supreme Courtโs ruling on tariffs.In its first official response, the ministry of commerce and industry said, “We have noted the US Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the US administration.”“We are studying all these developments for their implications,” the ministry added.Meanwhile, the PM Modi-led government said it is monitoring the situation and assessing the implications of the US Supreme Courtโs ruling.In its first official response, the ministry of commerce and industry said, “We have noted the US Supreme Court judgement on tariffs yesterday. US President Trump has also addressed a press conference in that regard. Some steps have been announced by the US administration.”“We are studying all these developments for their implications,” the ministry added.