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Swaminathan Aiyar warns that the US-China trade war and global uncertainty will impact India's GDP and world trade, leading to slower economic growth. He predicts a potential severe fall in equity markets and emphasizes that India's role in this geopolitical shift is minimal, suggesting India should observe and adjust as needed.
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I feel that what happened in the budget also, so that will also help the auto companies going ahead. So, there is fear that duty cut will happen, there will be competition coming in from outside India, that may happen.
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Trump's proposed 25% tariffs on goods from Canada and Mexico, along with a cumulative 20% levy on China, are set to take effect at 10:31 a.m. IST on Tuesday. The U.S. president also announced reciprocal tariffs starting April 2.
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