Rajan: India's Trump snub on ceasefire led to 50% tariffs, Pakistan got 19%

• Raghuram Rajan stated the US imposed a 50% tariff on India because India did not credit Donald Trump for the India-Pakistan ceasefire after Operation Sindoor.
• Rajan claimed Pakistan received a 19% tariff due to its sycophancy and praise for Trump regarding the ceasefire.
• India rejected Trump's claim of mediating the ceasefire, asserting it was an agreement between the two nations' military operations.
• Rajan suggested the tariffs were driven by personality clashes and reactions to Trump's claims, not primarily by India's Russian oil imports.

Why It Matters: Political posturing, not just trade, can lead to significant economic tariffs.