New Delhi [India], April 3 (ANI): Aam Aadmi Party leader Raghav Chadha on Thursday took a swipe at the US imposing reciprocal tariffs on India and recalled lines of a popular Hindi number while stating that 'Trump Tariff' could wreck the Indian economy.

'Accha sila diya tune mere pyaar ka, Yaar ne hi loot liya ghar yaar ka.' This song perfectly sums up India-US ties today,' Raghav Chadha said in a post on X.

'We offered unflinching loyalty, but in return, the Trump Administration has imposed the Trump Tariff that could wreck the Indian economy,' he added.

Chadha also posted two questions he posed to Union Minister for Communications Jyotiraditya Scindia during the Question Hour in Rajya Sabha on Thursday.

Faced with US President Donald Trump's reciprocal tariffs, India on Thursday said that it is studying the opportunities that may arise from this new development in US trade policy.

The Ministry of Commerce said in a statement that it is carefully examining the implications of the various measures and announcements made by the US administration.

'The US President issued an Executive Order on Reciprocal Tariffs imposing additional ad-valorem duties ranging from 10% to 50% on imports from all trading partners. The baseline duty of 10% will be effective from April 05, 2025, and the remaining country-specific additional ad valorem duty will be effective from April 09, 2025. The additional duty on India, as per Annex I of the Executive Order, is 27%,' the Ministry said.

'The Department of Commerce is carefully examining the implications of the various measures/announcements made by the President of the USA. Keeping in view the vision of Viksit Bharat, the Department is engaged with all stakeholders, including the Indian industry and exporters, taking feedback of their assessment of the tariffs and assessing the situation. The Department is also studying the opportunities that may arise due to this new development in the US trade policy,' the Ministry added.

Meanwhile, Shiv Sena (UBT) MP Arvind Sawant on Thursday said that the Centre must take a 'tough stand' against the US administration's imposition of a 26 per cent 'reciprocal tariff' on India.

Speaking to ANI, Sawant said, 'He (Donald Trump) says one term, 'great man,' and they (BJP) start beating drums. Look at what the US has reduced the 'great man' to. We will have to take a tough stand.'

'Despite having an expert as the Minister of External Affairs, the US continues to ridicule us time and again. Look at how the European Union stands against it. Seeing them, we should understand what self-respect truly means,' the Shiv Sena (UBT) MP said. (ANI)