American economist Richard Wolff Slams Trump Tariffs On India As Self-Harm
American economist Richard Wolff strongly criticized President Trump’s decision to double tariffs on Indian imports, saying the U.S. is acting like the “world’s tough guy” but is essentially “shooting itself in the foot.” He argued that such protectionism may backfire by alienating India and weakening U.S. influence globally.
BRICS Momentum
Wolff warned the tariffs could result in India seeking alternative export markets, specifically among BRICS nations. This shift risks accelerating the bloc’s rise as an economic counterweight to Western powers, further undermining U.S. leverage.
Global Shifts In Economic Power
Highlighting a broader economic realignment, Wolff noted recent data showing BRICS countries now produce a larger share of global economic output (around 35%) compared to the G7 bloc (28%). The tariffs, he said, reflect an outdated approach ill-suited to these evolving dynamics.
