"Government, PM Modi capable of finding solution" JDU MP Sanjay Kumar Jha on Trump's announcement of 25% tariffs

New Delhi [India], July 31 (ANI): Janata Dal United MP Sanjay Kumar Jha on Thursday said that the Indian government and Prime Minister Narendra Modi are capable of finding solutions to the 25 per cent tariffs announced by US President Donald Trump on the country exports.

Sanjay Kumar Jha remarks came after the US President, in a social media post on his Truth Social Account, announced 25 per cent tariffs on India starting August 1. Trump also said India will face additional penalties for purchasing oil from Russia.

Speaking with ANI, Sanjay Kumar Jha said, This is not new. There was information that different nations were imposed with varying rates of tariffs. The government will do what is in the best interest of the country. The government will work in the interest of the agriculture and the MSME sector. The government has also stated that the negotiations are ongoing. The government and PM Modi are capable of finding a solution.

Earlier in the day, Congress MP Shashi Tharoor noted the impact of the 25 per cent tariff announced by US President Donald Trump on the Indian economy and termed the matter very serious, which will destroy India trade with America.

On the US President Trump dead economy remark, Congress MP Shashi Tharoor told ANI, It a very serious matter for us... 25, plus an unspecified penalty for our buying oil and gas from Russia, it could take it up to 35-45... There even talk of a 100 penalty, which will destroy our trade with America... The trade negotiations are underway, and there is a possibility that it may come down. If it doesnt, it will damage our exports, because America is a very big market for us...

The Congress leader noted that the US administration has to take into consideration the needs of the Indian government as well.

On the other hand, if their demands are completely unreasonable, our negotiators have every right to resist... America has to understand our needs as well. Our tariffs on America are not that unreasonable. It about 17 average. American goods are not priced competitively enough to sell in the Indian market... (ANI)

Disclaimer: This news article is a direct feed from ANI and has not been edited by the News Nation team. The news agency is solely responsible for its content.