Potential impact of Trump's tariffs on India may hinder growth due to reduced demand from US consumers.

From Stocktwits: 2025-04-04 01:40:00

Former Reserve Bank of India Governor Raghuram Rajan downplayed the impact of President Donald Trump’s “Liberation Day” tariffs on India, calling them a “self-goal.” Rajan stated that the tariffs on about 60 countries will have a smaller impact on the Indian economy compared to if they were levied on India alone. The tariffs are expected to raise prices for U.S. consumers, reducing demand for Indian goods and potentially hindering India’s growth. Despite the market downturn, analysts hope for resolution. The iShares MSCI India ETF closed down 0.74% at $51.18, with a year-to-date drop of 2.8% compared to the SPDR S&P 500 ETF Trust’s 8% decline.



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