Reciprocal tariffs baffling; some adverse effects will be on India: Kaushik Basu

Kaushik Basu, ex-World Bank chief economist, finds the US's new reciprocal tariff of 26% on India baffling, arguing it will harm the US more. He suggests India should focus on enhancing trade with Europe, Canada, and China. Basu also views the situation as a potential long-term opportunity for India to grow its trade, especially with China.