Archive · 3 Oct 2025
LSE President: US Tariffs Bad for US, Good for the World
The President of the London School of Economics, Larry Kramer, says that the US putting taxes (tariffs) on goods from other countries, including India, isn't good for America in the long run.
He thinks these taxes will cause countries to trade with each other more and rely less on the US.
India's exports to the US are valued at $86.5 billion.
Currently, the US and India are in talks about a trade agreement to increase trade between them.
LSE President Larry Kramer stated US tariffs are bad for the US but good for other nations.
Kramer believes the impact of the tariffs is not yet fully realized.
The US continues to be India's largest trading partner.
India's exports to the US stood at $86.5 billion during the 2024-25 period.
A new trade agreement between the US and India aims to boost bilateral trade.
- Who
- Larry Kramer (LSE President), US, India
- What
- Discussion of US tariffs on India and their economic impacts.
- When
- October 2025
- Where
- N/A
- Why
- To analyze the impact of US tariffs on global trade and the US economy.
LSE President
US Government
Impact of Tariffs
LSE President
Tariffs will eventually drive trade away from the US.
US Government
Tariffs benefit the US economy.
Long-Term Effects
LSE President
Tariffs are not good for the US in the long run.
US Government
Tariffs are good for the US in the long run.
- Key Figure
- Larry Kramer (LSE President)
- US-India Trade (2024-25)
- $131.84 billion
- India Exports to US (2024-25)
- $86.5 billion
- Trade Agreement Goal
- $500 billion by 2030
Sources
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