Former Reserve Bank of India (RBI) governor Raghuram Rajan on Thursday criticized the Trump administration’s newly imposed reciprocal tariffs on approximately 60 countries, calling it a "self-goal." He warned that the move would mainly harm the US economy in the short term.

Former Reserve Bank of India Governor Raghuram Rajan downplayed the impact of President Donald Trump's "Liberation Day" tariffs on India even as the financial markets swooned in response to the measures.

Raghuram Rajan calls Trump's tariffs a 'self-goal' for the US economy. He believes, the US's broader strategy to reduce imports and boost domestic production, may take time to fully materialise