Wednesday, July 30, 2025

Tariffs shouldn’t hinder US-India growth: Congressman Rich McCormick

Date:

Tariffs should not hinder growth or closer economic ties between India and the United States, US Congressman Rich McCormick told CNBC-TV18.“The less regulation and taxation we have on there, to include tariffs, the better off both countries are going to be for each other,” he said, calling for a more open and mutually beneficial trade relationship.
McCormick said India is among the fastest-growing markets in the world, particularly in the digital economy, and pointed to the strategic value of deeper engagement. He said India is not only open to working with the US but increasingly views it as a major economic opportunity—an outlook that is becoming more widely shared in Washington.
“We see a huge market in India,” he said, adding that the growing alignment between the two economies bodes well for future collaboration.Although he expressed support for reciprocal tariffs, McCormick made it clear that he prefers minimal government involvement. “I’m not a big government guy. I’d rather see no taxes and free trade,” he said.

He also called for India to be included in key global discussions, particularly in areas such as technology and digital trade, pointing to the country’s rapid growth and willingness to engage as strong reasons for the US to expand its economic ties with New Delhi.

Watch accompanying video for full show.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

What role does digital KYC play in personal loan approvals? All you need to know

डिजिटल KYC या पता है कि आपका ग्राहक एक...

Mahindra Lifespace Q1 Results: Net profit at ₹51 crore, revenue down 83%

The company reported an EBITDA loss of ₹55 crore,...

Powerful quake hits near Russia’s Kamchatka Peninsula; Japan, US issue tsunami alerts

Japan’s meteorological agency issued a tsunami alert for Japan’s...

SBI Life confident of achieving 26–28% margin for FY26 despite shift away from ULIPs

SBI Life Insurance is confident of maintaining its margin...